E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/26/2013 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

New Issue: Credit Bank of Moscow prices $500 million 8.7% five-year notes at par

By Christine Van Dusen

Atlanta, April 26 - Credit Bank of Moscow sold $500 million five-year notes (//B+) at par to yield 8.7%, a market source said.

The notes were talked at a yield in the 8¾% area.

HSBC, RBI and RBS were the bookrunners for the Rule 144A and Regulation S deal.

The proceeds will be used for general corporate purposes.

Issuer:Credit Bank of Moscow
Amount:$500 million
Maturity:May 13, 2018
Description:Notes
Bookrunners:HSBC, RBI, RBS
Coupon:8.7%
Price:Par
Yield:8.7%
Trade date:April 25
Settlement date:May 13
Rating:Fitch: B+
Distribution:Rule 144A and Regulation S
Price talk:8¾%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.