MCB news

MKB fulfilled its obligation to pay coupon income on subordinated Eurobonds issued in April 2017

Tue, 05 Apr 2022 00:00:00 GMT

On April 5, 2022 CBOM Finance plc paid out interest in USD on the 10.5-year USD 600 mln 7.5% subordinated Eurobonds (ISIN: XS1589106910 / US12504PAD24) issued in April 2017 to finance a loan to CREDIT BANK OF MOSCOW in accordance with the issue documentation. The loan is included in the Bank’s Tier II capital. Interest is paid semi-annually. The total amount of interest paid was USD 16,500,000.

The Eurobonds are callable in October 2022 and on every coupon date thereafter.

Currently there are ten Eurobond issues of CBOM Finance plc in circulation: seven issues with a total outstanding principal of USD 2.8 bln, two issues with a total outstanding principal of EUR 0.9 bln and one RUB 5 bln issue. Further information on the Eurobonds is available in the Investor relations section of our website.

MKB fulfilled its obligation to pay coupon income on perpetual subordinated Eurobonds issued in September 2021

Mon, 04 Apr 2022 00:00:00 GMT

On April 4, 2022 CBOM Finance plc paid out interest in USD on USD 350 mln perpetual subordinated Eurobonds with coupon rate at 7.625% for the first 5.5 years (ISIN: XS2392969395 / US12504PAK66) issued in September 2021 to finance a loan to CREDIT BANK OF MOSCOW in accordance with the issue documentation. Interest is paid quarterly. The total amount of interest paid was USD 6,671,875.

MKB takes part in the global annual Earth Hour campaign

Fri, 25 Mar 2022 00:00:00 GMT

Credit Bank of Moscow (MKB), one of the three ESG leaders of Russian business according to RAEX-Europe, is taking part in the world action "Earth Hour-2022" on Saturday, March 26. During the campaign, the bank will traditionally turn off the lights of its flagship office buildings.

Earth Hour is one of the world's largest grassroots movements for the environment, which makes people reflect on the climate change and the depletion of resources, and the way we can influence and tackle it. We consider it is important to take part in activities aimed at preserving the environment.

MKB fulfilled its obligation to pay coupon income on senior Eurobonds issued in September 2021

Mon, 21 Mar 2022 00:00:00 GMT

On March 21, 2022 CBOM Finance plc paid out interest in USD on the senior 5-year USD 500 mln 3.875% Eurobonds (ISIN: XS2384475930 / US12504PAJ93) issued in September 2021 to finance a loan to CREDIT BANK OF MOSCOW in accordance with the issue documentation. Interest is paid semi-annually. The total amount of interest paid was USD 9,687,500.

MKB is Best Russian Bank in IR and ESG according to World Economic Magazine Awards

Mon, 21 Feb 2022 00:00:00 GMT

MKB has won two nominations of World Economic Magazine Awards at once: "Best Investor Relations Bank Russia 2022" and "Most Sustainable Green Bank Russia 2022".

Being the country's largest non-state-owned public bank, MKB maintains an open and transparent dialogue with its shareholders and investors. It did a lot in 2021 to improve its disclosures and further develop its IR tools: it held the first Strategy Day, where it presented its goals and plans for the next 3 years, and made a number of events for retail investors that were attended by more than 500 people.

MKB remains the leading Russian financial sector issuer by international capital market offerings thanks to its high reputation within the international investment community, and its active IR work. In 2021, the bank managed to place successfully as many as three Eurobond issues totalling USD 1.5 bln, and to close its largest ever RUB 22.7 bln equity funding transaction.

MKB's key ESG achievements include: publication of its public sustainability strategy 2021-2023 ahead of all Russian banks, approval of key ESG performance indicators for the top management, active social and environmental agenda. The Bank was the first in Russia to publish on a voluntary basis its social and environmental report in accordance with "Equator Principles". MKB further formalised its process for managing S&E impacts in lending, as well as introduced an internal taxonomy. It set up a consulting business, and has already won a series of big ESG service mandates from its corporate customers through public tenders.

MKB's ESG initiatives were recognised in the international market: the bank became the first financial institution in Russia to raise an international syndicated loan linked to ESG KPIs.

World Economic Magazine is a US-based publication committed to promote the understanding of financial literacy and economic multi-polarity in today’s global economy and international trade in particular for its global audience. The World Economic Magazine Awards are intended for the leaders in different areas identified by analysing financial market players' performance in different countries. The 2022 award winners are listed at the magazine's official website