Russia's MDM picks Merrill, DrK for $400mln ABS-AKM

Newswire

LONDON, Aug 23 (Reuters) - Russia's MDM Bank has mandated Dresdner Kleinwort and Merrill Lynch to manage an upcoming issue of $400 million in asset-backed securities, Russian news agency AK & M reported on Wednesday. The issue, to be secured by payments on automobile credits, will be roadshowed in the late September-early October period, AK & M quoted a market source as saying. MDM officials were not available for comment. Dresdner and Merrill bankers in London were not ...

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