CREDIT BANK OF MOSCOW increased its capital


On 22 May 2017, CREDIT BANK OF MOSCOW (the “Bank”) received the conclusion from the Bank of Russia approving the USD 700 million subordinated loan received by the Bank in connection with the debut placement of USD 700 million 8.875% perpetual Loan Participation Notes on 26 April 2017 (the “Notes”) as a subordinated loan eligible for inclusion into the Bank’s own funds (capital) as Additional Tier 1 capital. The Notes were issued by CBOM Finance p.l.c. and are callable in November 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 Additional Tier 1 capital increased by the amount of the entire subordinated loan proceeds equivalent to RUB 40.0 bln.

Société Générale acted as sole structuring advisor, global coordinator and bookrunner, Credit Suisse Securities (Europe) Limited and HSBC Bank plc acted as global coordinators and bookrunners, while Citigroup Global Markets Limited and J.P. Morgan Securities plc acted as joint lead managers and bookrunners. REGION Broker Company LLC and Raiffeisen Bank International AG were joint lead managers.