UBRDUral Bank for Reconstruction and Development (Russia)
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7 November 2011 - Russia's Ural Bank for Reconstruction and Development (UBRD) saw its net profit surge to RUB1.8bn (USD58.6m/EUR42.9m) in the first nine months of 2011 from RUB320m in the year-earlier period.
Having a lower credit rating vs UBRD, the issue by NotaaBank (B3/a/a) is trading with 11.54% yield, meaning a bit above the lower border of UBRD range.
19 August 2011 - Russian Ural Bank for Reconstruction and Development (UBRD) has obtained a board approval to sell RUB10bn (USD342.5m/EUR238.8m) worth of bonds, the lender said today.
UBRD (Withdrawn/[ETH]/-) is conducting the secondary placement of Series 2.
UBRD will collect orders for bonds of MNa1 series, coupon benchmark - 12.25a12.75% annually.
UBRD plans placing market bonds of the 1st series for 2 bn RUR.
UBRD plans placing MBCE1 series bonds until the end of march.
Note, that the absence of Lombard rating is not the very reason to get cautious, but the border letter "Ba" is, considering the bank occupying the position not far from top 50, where the bank actually was before crisis (only UBRD currently is the only one having similar rating at the ruble market among banks sized larger than Zapsibcombank).