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CREDIT BANK OF MOSCOW increased its capital

14.04.2017

On 13 April 2017, CREDIT BANK OF MOSCOW (the “Bank”) received the final conclusion from the Bank of Russia approving the USD 600 million subordinated loan received by the Bank in connection with the USD 600 million 7.5% 10.5-year Loan Participation Notes issued on 29 March 2017 by CBOM Finance p.l.c. (the “Notes”) as a subordinated loan eligible for inclusion into the Bank’s own funds (capital) as Tier 2 capital. The Eurobonds are callable in October 2022 and on every coupon date thereafter at the Issuer’s discretion.

Under the Bank of Russia’s Regulation №395-P “On the Method of Calculating the Amount, and Assessing the Adequacy of, the Capital of Credit Institutions (“Basel 3”)”, the Bank’s Tier 2 capital increased by the amount of the entire subordinated loan proceeds equivalent to RUB 33.9 bln.

Сitigroup, Credit Suisse, HSBC, ING, J.P. Morgan, Raiffeisen Bank International, Société Générale, Unicredit Bank and REGION Broker Company acted as Lead Managers and Bookrunners of the issue.