Khanty-Mansiysky Bank puts off bond issue indefinitely

Khanty-Mansiysky Bank put off the date of launching its 5bn RUR bond issue BO-01 for an indefinite period of time, Kommersant refers to the bank as reporting.

It was announced earlier that the bond offer auction was supposed to have taken place on May 26, 2011. The bank had meant to go through with 5 million bonds with a face value of 1,000 RUR each by public subscription.

The bank’s press officer informed Kommersant that ‘the bank currently has enough recourses at its disposal to implement its development programs and needs no additional means at the moment.

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