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KM Financial Solutions | UPDATE 1-Owners of Russia’s Promsvyazbank subordinated debt face write-off
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UPDATE 1-Owners of Russia’s Promsvyazbank subordinated debt face write-off

14 Dec UPDATE 1-Owners of Russia’s Promsvyazbank subordinated debt face write-off

Posted at 17:54h in News by
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MOSCOW, Dec 15 (Reuters) – The Russian central bank said on
Friday it may write off 100 billion roubles (1.7 billion) in
subordinated debt issued by Promsvyazbank to reduce the amount
the regulator needs to spend on bailing out the lender.

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