Oct 25 (Reuters) - Russian lender Sovcombank on Wednesday said it would issue an additional 5 billion shares, increasing its share capital by 500 million roubles and will apply to list on the Moscow Exchange.
On Oct. 4 Sovcombank said it was considering an initial public offering (IPO) in the coming months, with shareholders believing a large bank should be public and that after years of planning, now was the time to list.
(Reporting by Alexander Marrow Writing by Maxim Rodionov Editing by Chris Reese)
