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Published on 3/18/2010 in the Prospect News Emerging Markets Daily.

Russia's RSHB Capital plans RUB 30 billion 7½% notes due 2013

By Christine Van Dusen

Atlanta, March 18 - Russia's OJSC Russian Agricultural Bank plans to sell a RUB 30 billion issue of 7½% loan participation notes (expected Baa1//BBB) due March 25, 2013 issued by RSHB Capital SA, according to a market source.

BNP Paribas and Citi are the bookrunners for the Regulation S-only deal, which includes a change-of-control put if the state ceases to own or control at least 50% plus one share of OJSC Russian Agricultural Bank or no longer has the right to appoint and remove the majority of RAB's supervisory board.


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