CREDIT BANK OF MOSCOW placed its domestic bond issue series 08 at MICEX.
14.04.2010
<p>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.</p> <p>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.</p> <p>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.</p>