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Credit Bank of Moscow closes order book for $500M eurobond
StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go
Street Talk – Episode 69: Banks left with pockets full of cash and few places to go
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PAO Credit Bank of Moscow closed the order book for a $500 million eurobond issuance.
The 5.25-year bond, to be issued under Rule 144A and Regulation S, bears a coupon rate of 7.121%. The deal was almost 1.5x oversubscribed, the lender said March 20.
Citi and Société Générale acted as global coordinators, while Commerzbank, ING and Sova Capital acted as joint lead managers and book runners.