Credit Bank of Moscow issues RUR 2 bln 3 year domestic bonds
March 18, 2008 — CBM successfully placed its fourth domestic bond issue in amount of RUR 2 bln (c. US$85 mln) with 3 year maturity paying 11.5% the first year. The issue was oversubscribed.
«We anticipated the coupon rate to be 11.2-11.5% and our expectations proved reasonable. We regard the fourth bond offering as successful, — says Roman Avdeev, Chairman of the Board — President. — Huge appetite of investors against the background of unfavorable market conditions confirms CBM's strong market positions and high level of credibility».
The arrangers were CREDIT BANK OF MOSCOW, UniCredit Bank and UniCredit Aton. Co-arrangers were Avangard Bank, INVEST-CENTRE, AGROPROMCREDIT BANK and FONDSERVICEBANK.