OREANDA-NEWS. February 10, 2011.The bonds were placed on MICEX on February 8, 2011. The bonds of 5 billion rubles with a 3-year tenor was fully placed within a day.

As a result of book-building more than 50 bids were submitted making the total book 19.2 billion rubles. Due to this demand the rate on the first coupon was lowered to 9.25% p.a. from the initial guidance of 9.50.00—10.00% p.a.

The issue was joint lead managed by the Bank of Moscow and Raiffeisenbank. Sberbank acted as co-arranger.

That is one of the first corporate rouble bond placements in the Russian market in 2011.

For information:

The Bank of Moscow (www.bm.ru) is one of Russia’s biggest universal banks, providing a diversified range of financial services for both legal entities and private individuals.

The Bank of Moscow currently has over 100 thousand corporate and more than 9 million private clients, the former group including the biggest branch enterprises, as well as small and medium-sized businesses.

The Bank of Moscow’s high reliability is confirmed by the biggest international rating agencies. Moody’s Investors Service and Fitch Ratings give the Bank of Moscow long-term credit ratings of Baа2 and BВВ- respectively.