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Credit Bank of Moscow to repurchase subordinated Eurobonds of two issues worth up to 100 million USD

July 18, 2018 | Cbonds

Credit Bank of Moscow (CBM) is planning to repurchase subordinated Eurobonds within the framework of the additional offer in 2027 (7.5%) and perpetual subordinated loans (8.875%) for a total amount of up to 100 million USD, the issuer said.

The bond repurchase price is 86-91% of the face value. In case of presentation of bonds to be repurchased by the date of early surrender, bondholders will receive a bonus in the amount of 30 USD. Summation of the offer results is planned for August 10.

These Eurobond issues were placed in the first half of 2017. The volume of the issue of bonds with maturity in 2027 is 600 million dollars, permanent bonds – 700 million USD.

Issue: Credit Bank of Moscow, 7.5% 5oct2027, USD

StatusCountry of riskMaturity (option)AmountIssue ratings (M/S&P/F)
outstandingRussia10/05/2027557,000,000 USD-/-/B+

Company: Credit Bank of Moscow

Full company nameCREDIT BANK OF MOSCOW (public joint-stock company)
Country of riskRussia
Country of registrationRussia
IndustryBanks

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