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CREDIT BANK OF MOSCOW placed its exchange bond issue series BO-03 for the total amount of RUB 4bln.

28.04.2012

On 27 April 2012 CREDIT BANK OF MOSCOW placed its exchange bond issue series BO-03 for the total amount of RUB 4bln (identification number 4B020301978B as of 15 October 2010). The issue was placed at MICEX in the form of book building.

On 25 April 2012 CREDIT BANK OF MOSCOW closed the bid book of the 3-year exchange bonds. In the course of book building the total number of bids exceeded 40 with the first coupon interest rate being in a range of 9.00% to 9.50% p.a. The aggregate demand exceeded supply by 30% and amounted to RUB 5.17bln. As a result, the first coupon rate was fixed at 9.25%, which corresponds to yield to maturity of 9.46%. Coupon rates for the remaining periods are to be determined by the issuer.

On 25 April 2012 CREDIT BANK OF MOSCOW closed the bid book of the 3-year exchange bonds. In the course of book building the total number of bids exceeded 40 with the first coupon interest rate being in a range of 9.00% to 9.50% p.a. The aggregate demand exceeded supply by 30% and amounted to RUB 5.17bln. As a result, the first coupon rate was fixed at 9.25%, which corresponds to yield to maturity of 9.46%. Coupon rates for the remaining periods are to be determined by the issuer.

Underwriters: OJSC "Orient Express Bank", OJSC “Asian-Pacific Bank”, Investment Company Ronin.

Со-underwriters: JSCB "Lanta-Bank" (CJSC), OJSC "Metcombank”, Public joint-stock company “NK Bank”, LLC REGION Brokerage Company, OJSC "Bank Saint Petersburg", CJSC “Tinkoff Credit Systems” Bank, JSC «Coalmetbank» , OJSC "Promsvyazbank".

Placement Agent and Paying Agent: CREDIT BANK OF MOSCOW.

According to the emission documents, bond issue series BO-03 has a nominal value of RUB 4bln and a 3-year maturity. The issue implies 6 semiannual coupon payments. Put option is scheduled for 3 May 2013.

International rating agency Fitch Ratings assigned the following ratings to the exchange bonds issue series BO-03: long-term rating 'B+' and national long-term rating 'A-(rus)'; Moody’s assigned 'B1' long-term rating to the issue. Further information and emission documents of the exchange bond issue series BO-03 (in Russian only) are provided in Investors section.