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Bank Sankt-Petersburg OAO Reduces Secondary Public Offering-Interfax


Thursday, 22 Aug 2013 04:23am EDT 

Interfax reported that Bank Sankt-Petersburg OAO has reduced the volume of its secondary public offering to 62.6 million shares and therefore expects raising RUB 2.57 billion. Earlier, the Bank planned to issue 110 million new ordinary shares and, if all shares had been placed, it could have raised RUB 4.51 billion. As reported, the Bank has set the placement price at RUB 41 per share. The organizer and book runner of the issue is Renessans Kapital. 

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