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Vostochny Express Bank plans IPO by 2015 - document
Reuters: Private Equity
Fri, 1 Feb 2013
MOSCOW, Feb 1 (Reuters) - Mid-sized Russian bank Vostochny Express wants to raise at least 15 billion roubles ($500 million) through a share sale by 2015, it said in a presentation for a bond issue.
Bonds are a better option than cash and less volatile than stocks, but investors should be mindful of headwinds and possibly rethink their fixed-income allocations, says Morningstar's Christine Benz.
Western Asset manager Ryan Brist expects a lot of risk in the corporates market in 2013-14, as banks pare risky lending practices and opportunities to enter or exit the bond market shrink.