Russia's MDM Bank to sell three-year bullet notes

By Reshmi Basu

New York, Jan. 17 - MDM Bank OAO (Ba2/BB-/BB-) plans to sell a dollar-denominated offering of three-year bullet notes, according to a market source.

Additionally, the issue will be structured as senior loan participation notes.

Deutsche Bank and Goldman Sachs are joint bookrunners for the Regulation S transaction, which will be issued through MDM International Funding plc.

The issuer is Moscow-based Russian financial institution.

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