Russia’s NOMOS-Bank buys back Eurobonds worth $35 mln

Russia“s NOMOS-Bank has bought back U.S. $35 million worth of bonds, the bank’s press office said Tuesday.

NOMOS-Bank bought back around 10% of a $150 million Eurobond issue maturing on May 12, 2009, and 10% of a $200 million Eurobond issue maturing on February 2, 2010.

The bank decided to use its spare liquidity to support the two bond issues, Roman Pivkov, the head of the bank’s investment division, was quoted as saying.

The bank also has the third outstanding Eurobond issue worth $125 million maturing on October 20, 2016.

NOMOS-Bank, established in 1993, provides corporate, investment and private banking, as well as retail services. As of June 30, the bank’s assets amounted to 233.221 billion rubles and shareholders” equity amounted to 31.917 billion rubles under International Financial Reporting Standards (IFRS).