NewsRSS

Credit Bank of Moscow placed its debut US$100mn Eurobond issue.

05.10.2006

October 05, 2006 - Credit Bank of Moscow's inaugural RegS US$100mn 3-year Eurobond issue is successfully placed. The notes are traded on London Stock Exchange. Settlements are made through Euroclear / Clearstream. The coupon was fixed at 9.5% p.a. The issue price is 100%. The book contains 37 accounts from Asia and Europe. The lead manager and bookrunner is Merrill Lynch. International rating agencies Fitch Ratings and Moody's rated Credit Bank of Moscow's notes В- / В1 respectively. The proceeds will be applied to lending.