25 Jan 2013 19:11

Russian Standard Bank to hold road show in Asia, could place yuan notes

MOSCOW. Jan 25 (Interfax) - Russian Standard Bank plans on January 29-30 to hold a road show in Hong Kong and Singapore which could result in a yuan-denominated Eurobond offering, a financial market source told Interfax.

BNP Paribas and HSBC are organizing the meetings.

The Chinese debt market has become popular with Russian banks: Russian Agriculture Bank (RSHB, Rosselkhozbank) placed 1 billion yuan in notes there at 3.6% pa this week and VTB last week placed an additional 1 billion yuan at 3.802%.

Russian Standard Bank was ranked number 23 by asset value, number 10 by retail deposits and number 6 by retail loans in the Interfax-100 review of Russia's banks for January-September 2012.

Rustam Tariko is the bank's main beneficiary.