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Russia’s Sberbank mulls listing on Singapore Exchange

September 11, 2014, 17:26 UTC+3 MOSCOW

Sberbank also considers placing bonds on the Asian market, CEO German Graf says

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Sberbank CEO German Gref

Sberbank CEO German Gref

© ITAR-TASS/Yury Belinsky

MOSCOW, September 11. /ITAR-TASS/. Russian top bank Sberbank is considering a possibility of being listed on the Singapore Exchange, CEO German Gref said in an interview with local daily The Straits Times released on Thursday.

“We are looking for opportunities on the Singapore Exchange, using a special purpose vehicle, as we previously did on the European markets,” Gref said, adding that the bank is also considering placing bonds on the Asian markets.

“Singapore is the friendliest jurisdiction from any point of view,” he said.

In July, Sberbank was hit by EU sanctions banning it from taking long-and mid-term loans in Europe.

Sberbank has 28 outstanding Eurobond issues, with 22 of them denominated in U. dollars, three issues in Swiss francs, and one issue denominated in each of euros, rubles and Turkish liras.

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