Kazakh Sberbank to Sell $69M of Bonds

ALMATY, Kazakhstan — Sberbank‘s Kazakh unit plans to sell at least 10 billion tenge ($69 million) of subordinated debt in the second half of the year. “The bank may sell much more than 10 billion tenge,” Oleg Smirnov, the unit’s chief executive, said Tuesday in Almaty. The Sberbank unit raised 10 billion tenge through two subordinated bond sales last year, paying interest […]