Russia's MDM Bank mandates Goldman Sachs for benchmark dollar-denominated bonds

By Paul A. Harris

St. Louis, Oct. 27 - Russian independent banking services provider MDM Bank has mandated Goldman Sachs to manage a pending benchmark-sized dollar-denominated bond offering, according to a market source.

Pricing is expected before the end of the year, subject to market conditions.

Standard & Poor's assigns its B foreign currency rating to MDM Bank. The Fitch Ratings foreign currency rating for MDM Bank is BB-.

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