By Rebecca Melvin
New York, Feb. 7 – CBOM Finance plc, a subsidiary of Credit Bank of Moscow, priced $500 million of 5.55% five-year notes at par on Wednesday, according to a market source.
Pricing of the Rule 144A and Regulation S notes came tighter than the 5 5/8% to 5¾% guidance and initial price talk in the high 5% area for the deal.
The order book was more than $1 billion.
Global coordinators were Credit Suisse, JPMorgan and Societe Generale, with ING as a joint bookrunner.
The bank is privately owned and operates in Moscow and the Moscow region.
| Issuer: | CBOM Finance plc
|
| Guarantor: | Credit Bank of Moscow
|
| Description: | Notes
|
| Amount: | $500 million
|
| Maturity: | February 2023
|
| Bookrunners: | Credit Suisse, JPMorgan, Societe Generale and ING
|
| Coupon: | 5.55%
|
| Price: | Par
|
| Yield: | 5.55%
|
| Trade date: | Feb. 7
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 5 5/8%-5¾%
|
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