CREDIT BANK OF MOSCOW placed its domestic bond issue series 08 at MICEX.
14.04.2010
On 14 April CREDIT BANK OF MOSCOW placed its domestic bond issue series 08 for the total amount of RUR 3bn with 5-year maturity at MICEX.
The total number of applications reached 78 with 9%-10.3% p.a. yield, 32 of them having been accepted. As a result, the first coupon rate was fixed at 9.7% as well as those of the 2nd and the 3rd coupons. Effective yield to 1.5-year put is 9.94%. The bond issue implies payment of 10 coupons twice a year. A put option is scheduled for 19 October 2011.
Banks ZENIT and URALSIB acted as arrangers of the issue. The issue underwriters include Sovcombank, Moscow Bank for Reconstruction and Development, Investtorgbank, Transcapitalbank, NOTA-Bank, Ural Bank for Reconstruction and Development, Ursa-capital. JSCB “RUBLEV” was a co-underwriter of the issue. CBM acted as a placement agent and a paying agent.