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Fitch assigns Credit Bank of Moscow notes BB
Fitch Ratings said it assigned Credit Bank of Moscow’s upcoming issue of dollar-denominated senior unsecured eurobonds an expected BB rating.
The bonds will be issued by the bank’s special purpose vehicle, CBOM Finance plc (Ireland), which will on-lend the proceeds to the bank. Proceeds are expected to be used for general banking purposes.
The issue size is yet to be determined, while the tenor is expected to be five years.
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