OREANDA-NEWS. CREDIT BANK OF MOSCOW (the "Bank") successfully priced its 5-year Eurobonds (the "Notes") for a total amount of USD 500 mln with an interest rate of 7.7% p.a. The pricing was preceded by a series of meetings with institutional investors in Hong Kong, Singapore, Zurich, Geneva, London, Boston and New York. Barclays Bank PLC, Merrill Lynch International, Raiffeisen Bank International AG and The Royal Bank of Scotland plc acted as joint lead managers and bookrunners. The Notes will be issued pursuant to Rule 144A and Regulation S.

The Notes will be issued by CBOM Finance p.l.c. for the sole purpose of financing a loan to the Bank. The sale of the Notes is expected to be completed on 1 February 2013, subject to customary closing conditions.

The Notes were placed among both domestic and international investors from a wide range of geographic areas, which included private banks and financial institutions, asset management companies and insurance companies. The geographical split of investors subscribing to the issue comprised Europe (25% of accounts), Switzerland (10%), the USA (24%), the UK (21%), Russia (15%) and Asia (5%).

"This Eurobond issue is the largest in the history of CREDIT BANK OF MOSCOW. We are very pleased with the success of the offering and encouraged by investor feedback" - commented Vladimir Chubar, Chairman of the Management Board.

The Notes are expected to be assigned the following ratings by the international rating agencies: a long-term rating 'BB- (exp)' from Fitch Ratings and a long-term foreign currency senior debt rating 'B1' from Moody's Investors Service.

This is the third Eurobond issue for the Bank. In 2006 the Bank placed its debut 3-year USD 100 million Eurobond issue with a coupon of 9.5% p.a. Merrill Lynch acted as lead manager and bookrunner. In 2011 the Bank placed a 3-year USD 200 million Eurobond issue with a coupon of 8.25% p.a. with Raiffeisen Bank International AG acting as sole lead manager.