MOSKOVSKY ZALOGOVY BANK (MZB; Moscow Mortgage Bank) is planning a second issue of bonds, worth R1.5 billion, in December 2007. The second issue comprises 1.5 million bonds, with a R1,000 par value. Maturity is three years. Bonds will be placed by the end of this year through an open subscription at par value. The bulk of the funds raised in the new issue will be invested in expanding the office network in the Moscow region.
Source: BANKIR.RU, November 30, 2007
