Russia's Nomos Bank IPO fully subscribed -source

MOSCOW, April 7 Thu Apr 7, 2011 8:23am EDT

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MOSCOW, April 7 (Reuters) - The initial public offering (IPO) of Russian mid-sized Nomos bank is fully subscribed, a source close to the placement told Reuters on Thursday, after the bank appeared to have found two core investors.

Two sources told Reuters earlier on Thursday that Stockholm-based fund manager East Capital may invest around $100 million in Nomos IPO. Russian tycoon Alexander Mamut is also believed to be a cornerstone investor. [ID:nLDE7360E8]

Nomos, whose offering is expected to price on April 19, said it aimed to sell ordinary shares at $32 to $37, or $16.0 to $18.5 per global depositary receipt (GDR), in London and Moscow.

(Reporting by Olga Popova, writing by Katya Golubkova, editing by Toni Vorobyova)

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