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Bank Saint Petersburg announces the completion of bookbuilding for the issue of new ordinary shares of the Bank. The offer price has been set by the Bank’s Supervisory Board at RUB 53 per one ordinary share. Both new and existing investors out of Europe, Russia and other countries participated in the offering.
Total size of the offering is expected to amount to 60.0 million shares. As a result of the Offering the Bank expects to raise RUB 3.18 billion of new Tier 1 capital.
Renaissance Capital acted as global co-ordinator and bookrunner of the Offering.