MOSCOW, May 26 (RIA Novosti) - Rosbank has started trading ordinary shares worth a total of 3.4 billion rubles (about $126 mln) at par value on the Moscow Interbank Currency Exchange, the MICEX said in a news release Friday.
The issue (State Registration No. 10102272B, November 21, 2000) comprises 340,528,420 shares at face value of 10 rubles (about $0.37) per share.
The bank, one of Russia's largest, had no comment.
Rosbank earlier said it was planning to place 15-25% of its shares on the Moscow Interbank Currency Exchange and the London Stock Exchange by yearend. The bank's Board of Directors also resolved to issue an additional 1 billion rubles (about $37 million) worth of shares through open subscription.
On May 23, the Federal Service for Financial Markets authorized the circulation of Rosbank's ordinary shares outside Russia, to total over 233 mln shares, or 29.9% of the total number of ordinary shares already placed or slated for placement.
Rosbank, owned by financial holding Interros, is one of Russia's top thirty banks on a list published by the Central Bank. Shareholder equity as of January 1, 2006, was 20.4 billion rubles (about $713 million).
