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Russia's Orient Express Bank on road with two-part bond offering
By Reshmi Basu
New York, June 19 - Orient Express Bank (B3) is marketing a dual tranche offering of dollar-denominated subordinated bonds and ruble-denominated senior bonds, according to a market source.
The roadshow was in London on both Monday and Tuesday, and it will next move to Geneva and Zurich on Wednesday and to Austria and Frankfurt on Thursday.
ABN Amro and Standard Bank are joint bookrunners for the Regulation S deal.
The issuer is a retail lender in the Far East region of Russia, and 58% of the bank is owned by the shareholders in common with URSA Bank.
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