trending Market Intelligence /marketintelligence/en/news-insights/trending/q9bkW7DSpuwvizgX7SyPEw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Bank Peresvet to issue 125B ruble bond as part of recovery plan

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Report: Bank Peresvet to issue 125B ruble bond as part of recovery plan

The shareholders of JSCB for Charity and Spiritual Dev of Fatherland PERESVET approved the issuance of subordinated bonds worth 125 billion Russian rubles and the conversion of a 100 million ruble subordinated loan provided for the lender by the Russian Deposit Insurance Agency into the bank's shares, Kommersant reported Feb. 1.

The decision indicates the launch of a recovery plan for the financially troubled lender, the newspaper noted. It added that the 15-year bonds will be issued in order to initiate a bail-in procedure as part of which 80% of the bank's obligations to its 28 largest creditors will be converted into its capital.

The holders of the subordinated bonds will have the possibility to sell the securities on the market before the lender completes its financial recovery program, Kommersant said.

Peresvet, in which the Russian Orthodox Church has a significant holding, was placed into provisional administration in October 2016. Kommersant noted that JSC Russian Regional Development Bank is being considered by regulators as a candidate to oversee Peresvet's recovery program when it is officially launched.

As of Jan. 31, US$1 was equivalent to 59.94 Russian rubles.