OREANDA-NEWS. March 27, 2008. Bank Electronika has participated in the syndicate for the initial placement of Credit Bank of Moscow series 04 domestic bonds. Its participation was for 90 million rubles.

Organizers of the borrowing were the Credit Bank of Moscow, UniCredit Bank, and UniCredit Aton; co-organizers – Bank Avangard, Invest-Center, Agropromcredit Bank, and Fondservisbank. Underwrites for the issue were Bank Electronika, Region Group, and GLOBEXBANK; co-underwriters – investment companies East Kommerts and GRF, NORVIK BANK, Moscow Capital Bank, bank Sistema, INKAROBANK, Ursa Major, and bank Center-invest.

The Credit Bank of Moscow series 04 domestic bonds were placed on the MICEX on March 18, 2008. The amount of the borrowing was two billion rubles. The bonds have a term to maturity of three years.

Six coupons will be paid. Interest on the first coupon has been set at 11.5 percent; interest on the second coupon will equal that of the first. The issuer will establish the interest rate of the third through sixth coupons.