Support The Moscow Times!

Bank Preparing Bond Issue

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.


Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.