Bank Preparing Bond Issue

By The Moscow Times

July 26, 2011

Midsized lender Credit Bank of Moscow is planning to raise $200 million via a three-year eurobond issue, two banking sources said Tuesday.

Privately held Credit Bank of Moscow, ranked among Russia's top 30 lenders by assets, is unofficially guiding investors toward a yield of about 8.25 percent.

A banking source said last week that Credit Bank of Moscow has mandated Raiffeisen Bank International to arrange a series of meetings ahead of a possible eurobond issue.

(Reuters)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue