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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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