28 Jul '09
Urals’ Khanty-Mansi Bank has unveiled plans to float $113m worth of follow-on common shares.
As a result of the issuance, the bank’s authorized capital will reportedly increase by 50% to $339m.
The shares will be sold by private subscription to the bank’s current shareholders, East-Capital and Ferrosplav Invest, the bank said.
Khanty-Mansi Bank is one of Russia’s 50 most sizable banks. Its largest shareholder is Khanty-Mansi Autonomous Region (just under 50%).