Credit Bank of Moscow issues RUR 2 bln 3 year domestic bonds.


June 20, 2007 - CBM successfully placed its third and largest domestic bond issue in amount of RUR 2 bln (c. US$77 mln) with 3 year tenor paying 9.5% the first year. The deal was rated (positive) by Moody's Interfax Rating Agency and went 28% oversubscribed. The arranger was Credit Bank of Moscow itself. Co-arranger was International Moscow Bank. Co-underwriters included, among others, ZAO Standard Bank and ZAO Raiffeisenbank Austria.