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CREDIT BANK OF MOSCOW placed RUB 2 bln 5.5-year bonds series 12

28.02.2013

February 27, 2013 – CREDIT BANK OF MOSCOW placed RUB 2 bln 5.5-year bonds series 12. 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 bonds were placed by closed subscription among legal entities. The issue was arranged by REGION Group and Bank ZENIT. 

The book collected more than 30 offers to buy the bonds with coupon rates varying from 12.00% to 12.75% p.a. The total investors’ demand exceeded RUB 3.7 bln. Following the book closure, the coupon rate for the first and all other periods was set at 12.25% p.a. Investors were mainly banks, insurance and asset management companies. 

It’s worth mentioning that in December 2012 proceeds from similar subordinated bonds issue series 11 for the total amount of RUB 3 billion were included in the Bank’s additional capital. 

Currently, there are nine issues of CREDIT BANK OF MOSCOW for the total amount of RUB 30 bln   circulating in the market: bond issues series 07, 08, 11 and 12 for the total amount of RUB 10 bln and exchange bond issues series BO-01, BO-02, BO-03, BO-04, BO-05 for the total amount of RUB 20 bln. 

CREDIT BANK OF MOSCOW’s series 12 bond issue documents are available on its official website in the For Investors section.