News
| 23 December 2009
Fitch Assigns AK BARS's USD280m Bond Final 'BB' Rating Fitch Ratings-London/Moscow-23 December 2009: Fitch Ratings has assigned AK BARS Luxembourg S.A.'s USD280m issue of senior unsecured loan participation notes with coupon of 10.25% due in December 2012, a final 'BB' rating. Since Fitch's 1 Dec 2009 announcement of the expected ratings, the amount of new notes issued for cash was further upsized by USD55m from the previous amount of USD150,859,000 to bring the total new issue size to USD280m. |
18 December 2009
Moody’s confirms Ba3/E+/Aa.ru ratings of AK BARS Bank Moody’s confirms Ba3/E+/Aa.ru ratings of AK BARS Bank December 21, 2009 Moscow, December 17, 2009 - Moody's Investors Service has confirmed the Ba3 long-term global scale local and foreign currency debt and deposit ratings of AK Bars Bank (ABB). At the same time, AK BARS Bank’s E+ bank financial strength rating (BFSR) and its Not Prime short-term global scale local and foreign currency deposit ratings were also affirmed. |
18 December 2009
Sitting of the Board of Directors took place in AK BARS Bank on December 18 Sitting of the Board of Directors of Joint Stock Commercial Bank AK BARS took place on December 18. Prime Minister of the Republic of Tatarstan Rustam Minnikhanov and Chairman of National Bank of Tatarstan Evgeniy Bogachev participated in the meeting. |
5 December 2009
AK BARS placed Eurobonds for 280 mln USD |
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