Russia’s Gazprombank unit to redeem $1 billion of perpetual notes

By Wendy Van Sickle

Columbus, Ohio, March 30 – Russia's OJSC Gazprombank has instructed GPB Eurobond Finance plc to redeem its $1 billion of perpetual callable loan participation notes (ISIN: XS0848137708), according to a notice.

The redemption will occur on April 25.

The redemption amount will be equal to the $1 billion outstanding principal amount plus $49,175,000 of accrued interest.

Gazprombank is a Moscow-based lender.

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