The finance ministry is guiding investors towards a yield of around 2.875% for its upcoming euro-denominated paper, two financial market sources said, expecting to price the issue and a top-up of November-2027 Eurobond as soon as on Thursday.
Sberbank, which reported a 153% year-on-year growth in first-quarter profit, said it expects revenue from its non-financial businesses to exceed 200 billion roubles ($2.68 billion) this year.
Sberbank is partnering with supermarket chain Magnit and plans to connect 100 stores in Moscow and Krasnodar to the service by June, the two companies said on Thursday. A pilot programme is already running in ten shops.
As banking margins shrink, Russia's largest lender is expanding in areas ranging from food delivery and taxi services to cloud computing and cyber security.
The joint venture, set up in December 2019, encompasses the food delivery app Delivery Club, ride-hailing service Citymobil and other assets, with each partner holding a 45% stake.
According to Sberbank's accounts, the venture reported a loss of 27.8 billion roubles ($366.37 million) in 2020.
Fortenova, formerly known as Agrokor, was saved from bankruptcy in a restructuring deal which included a change of the name and the ownership structure.
