31 Mar 2010 14:09

Nomos Bank to conduct road show in Asia, Europe; UBS, VTB Capital are organizers

MOSCOW. March 31 (Interfax) - Nomos Bank will conduct a number of meetings with investors in Asia and Europe beginning April 8, a source in financial circles told Interfax.

VTB Capital and UBS are organizing the roadshow.

A source close to the bank told Interfax that a roadshow with the next placement of debt instruments would take place.

The first day of the roadshow will be held in Singapore, following by April in Hong Kong, April 12 in Zurich and Geneva and April 13 in London.

A source from one the bank-organizers said that the decision on a possible transaction would be made upon the end of meetings in Switzerland. "We first want to hear feedback (from investors)," he said.

At the end of November and start of December 2009, the bank held a roadshow for new Eurobonds in Europe and Asia. Following these meetings, the bank placed three-year LPN (loan participation notes) worth 2$00 million with a coupon rate of 9.25%. The organizers of the placement were Deutsche Bank and JP Morgan.

A source close to the bank told Interfax said that, following the close of the transaction, a substantial amount of the securities will be purchased by VTB's foreign subsidiaries, as well as banks from Eastern and Central European countries such as the Czech Republic. He added the Czech investor interest was the result of PPF Group's shareholding in Nomos-Bank.

In February 2010, Nomos Bank redeemed $200 million in Eurobonds with a coupon rate of 8.1875%.

Nomos-Bank was 14th largest Russian bank for 2009 by assets according to the Interfax-100, compiled by the Interfax Center for Economic Analysis (CEA).