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.

(Reuters)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.