CREDIT BANK OF MOSCOW receives approval from the Bank of Russia to include proceeds from subordinated bonds issue series 11 in its additional capital.

27.12.2012

December 27, 2012 – Moscow GTU of the Bank of Russia approved the inclusion in CBM additional capital of proceeds from subordinated bonds issue series 11.

CREDIT BANK OF MOSCOW successfully placed RUB 3 bln 5.5-year bonds series 11 on December 11, 2012. The bonds have eleven semi-annual coupons and are not subject to any buyback offer. The bonds were placed by closed subscription among legal entities. The issue was arranged by REGION Group and Promsvyazbank. RONIN LLC acted as co-manager. The total investors’ demand exceeded RUB 5 bln. The coupon rate for the first and all other periods was set at 12.25% p.a., which corresponds to the lower end of the marketed range. Investors were mainly banks, insurance and asset management companies.

CREDIT BANK OF MOSCOW’s series 11 bond issue documents are available on CBM official website in the For Investors section.