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CREDIT BANK OF MOSCOW placed RUB 3 bln 5.5-year bonds series 11

12.12.2012

December 11, 2012 – CREDIT BANK OF MOSCOW placed RUB 3 bln 5.5-year bonds series 11. The Bonds have eleven semi-annual coupons and are not subject to any buyback offer. The issue meets the Bank of Russia’s requirements for being treated as part of the Bank’s surplus capital. The issue was arranged by REGION Group and Promsvyazbank. RONIN LLC acted as co-manager.

The book collected more than 30 offers to buy the bonds with coupon rates varying from 12.00% to 13.00% p.a. The total investors’ demand exceeded RUB 5 bln. The coupon rate for the first and all other periods was set at 12.25% p.a., which corresponds to the lower end of the marketed range. Investors were mainly banks, insurance and asset management companies.

"Series 11 bonds are CREDIT BANK OF MOSCOW’s first subordinated securities issue. We are pleased to have become one of the first Russian banks to place such securities. The high demand shown by institutional investors and the substantial oversubscription confirmed once again the high level of credit quality of, and trust in, our Bank. The successful placement of this issue has strengthened the Bank’s capital base and provided it with new resources for further development" - commented Yury Ubeev, Deputy Chairman of the Management Board of CREDIT BANK OF MOSCOW.

CREDIT BANK OF MOSCOW’s series 11 bond issue documents are available on its official website in the For Investors section.