VÚB nabs Merril Lynch bond issue

VÚB Inc., the General Credit Bank located in Bratislava, recently took on subordinate debt worth $100 million (3 billion Sk), bank officials announced. The funds were obtained in the form of a bond issue by Merril Lynch International. By the end of January, the bonds will be placed on capital markets in Hong-Kong, South Korea, and most likely in Japan as well.