Moscow Exchange has started trades in MKB's Eurobonds
04.10.2021
MKB's dollar Eurobonds can now be traded on Moscow Exchange. Their trading code is CBOM-USD 26.
In September 2021, the bank issued 5-year USD 500 million Eurobonds paying 3.875% p.a. semi-annually.
The instrument is appropriate for both institutional and private investors as it has a small denomination, offers quite a high yield of 4.14% for a duration of 4.5 year, and is rated strongly: "ВВ" by Fitch Ratings and "ВВ" by Standard & Poor’s.
The issue was arranged by Sova Capital, Citi, ING, Societe Generale, Emirates NBD Capital, Gazprombank, Raiffeisen Bank International and Renaissance Capital.
"The Bank is taking its Eurobonds to Moscow Exchange to give retail investors more instruments they can work with. Trading lots normally start from hundreds of thousands of dollars, restricting the choices for many financial market participants. These Eurobonds are available in the denomination of one thousand dollar, which was very welcomed by investors. The demand exceeded 1.7 bln US dollars. Buying Eurobonds is a safe way to keep and augment your savings and to diversify your portfolio," underlined Maxim Maletin, CEO of MKB Investments.