St Petersburg Bank raises $150m

By Marcus Williams

Russia's St Petersburg Bank has raised $150m through the sale of additional preference shares at $3.1 per share which was the low end of the price range.

The placement was organised by bankers from Renaissance Capital and VTB Capital, according to a report in today's Vedomosti.

The bank, ranked among Russia's Top 30 by assets, started a roadshow for the $150 million placement earlier this month

Kommersant said the bank intends to convert into preference shares $50 million of its subordinated debt.

By Marcus Williams Russia's St Petersburg Bank has raised $150m through the sale of additional preference shares at $3.1 per share which was the low end of the price range. The placement was organised by bankers from Renaissance Capital and VTB Capital, according to a report in today's Vedomosti. The bank, ranked among Russia's Top 30 by ...