CREDIT BANK OF MOSCOW places exchange bonds series BO-06 and BO-07 totalling RUB 10 bln


22 and 23 October 2013 — the Bank closed the books of orders for its 5-year exchange bonds series BO-06 (ISIN 4B020601978B) and BO-07 (ISIN 4B020701978B), each with the face value of RUB 5 bln.

During the book building stage, the demand substantially exceeded the supply prompting the Bank to replace the initially offered RUB 3 bln issue with a RUB 5 bln one. The book closed with more than 65 orders for the two issues with the first coupon rate varying from 8.90% to 9.10% per annum for series BO-06 and from 9.00% to 9.10% per annum for series BO-07. The aggregate demand exceeded the eventual supply by more than 2 times. The investors were mainly asset management companies and banks.

The pre-buyback coupon rates were fixed at 8.95% p.a. for exchange bonds series BO-06 and 9.1% p.a. for series BO-07. The subsequent coupon rates will be fixed later on. The buyback is to be carried out on October 20, 2015 in respect of exchange bonds issue BO-06 and October 20, 2016 in respect of issue BO-07.

Exchange bonds series BO-06 were placed on October 24, 2013 at MICEX SE by open subscription in the form of bookbuilding. Exchange bonds series BO-07 are placed on October 30, 2013.

The issues were arranged by:

BO-06: Otkrytie Bank/NOMOS-BANK, REGION Group, UniCredit Bank.
BO-07: Otkrytie Bank/NOMOS-BANK, REGION Group, UniCredit Bank.

The technical placement agent and paying agent: CREDIT BANK OF MOSCOW.

CREDIT BANK OF MOSCOW’s series BO-06 and BO-07 exchange bond issue documents are available on its website in the For Investors section.