Moscow Credit Bank to place 5th bond issue worth RUR2bn in late September
27.08.2008 - Cbonds
Moscow Credit Bank to place 5th bond issue worth RUR2bn in late September
Moscow Credit Bank intends to place the 5th bond issue worth RUR2bn at the end of September, the issuer informed. The issue matures in 3 years. It has a one year put option. Coupon guidance is set at 12.3%-12.5%. The 5th and 6th issues were registered by the Central Bank on August 21.
Coupon rate for coupon 1 is set at auction, coupon rates for coupons 2-6: according to issue documents
Coupon frequency:
2 time(s) per year
Settlement date:
2008
Maturity date:
2011
Issue Managers:
Moscow Credit Bank
Trading floor:
MICEX
Issuer profile: Credit Bank of Moscow is a universal financial institution, offering a full range of banking services. Founded in 1992, the Bank has been a success in various segments of Russia’s financial market. CBM is an active market player in corporate and retail banking, committed to enhancing its services and product range. CBM operates in Moscow and Moscow Region. The Bank closed the year 2005 with a branch network of 36 outlets.
The main shareholders of the Bank are: “Center Garant”, SLL – 39,42%, “Yuridicheskoe Agentstvo”, SLL – 29,76%, “MKB Group”, SLL – 18,65%, “Rossinform”, SLL – 11,03%.
The Bank’s business is mostly focused on SME financing, trade finance, car loans and mortgage lending.
