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%

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