OREANDA-NEWS. August 10, 2011. On 28 July, Credit Bank of Moscow (CBM), a well-known retail bank in and around Moscow, successfully launched and priced its 3 year fixed rate, RegS, Eurobond. The USD 200 million senior unsecured bond carries a fixed coupon of 8.25 per cent and was issued at par. Raiffeisen Bank International AG (RBI) acted as sole lead manager and placed the bond after a European road show in Vienna, Amsterdam, Zurich, London and Riga.

"The large number of accounts and, especially, the significant participation of regional investors underline the strength of Raiffeisen Bank International's distribution network. Even in very volatile market conditions, our sales team in Vienna, Moscow, London and Singapore placed the issue amongst European, Russian and Asian investors," said Patrick Butler, the RBI Managing Board member responsible for Investment Banking and Markets.

The order book was oversubscribed by 25 per cent and very granular, with 63 single orders, with a large number coming from new investors. More than two-thirds of the bond’s volume was placed outside of Russia, with UK, Ireland and Switzerland representing the strongest foreign investor base, followed by Austria, Germany, the Baltics and Asia.

The participation of asset managers, private banking clients and insurance companies in addition to banks contributed significantly to the high quality order book.

Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets.

RBI is the only Austrian bank with a presence in both the world's financial centres and in Asia, the group's further geographical area of focus.

In total, around 60,000 employees service about 14 million customers through around 3,000 business outlets, the great majority of which are located in CEE.

RBI is a fully-consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBI's shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country's largest banking group, and serves as the head office of the entire RZB Group, including RBI.