Credit Bank of Moscow offers highest ever Russian coupon
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Emerging MarketsCEE

Credit Bank of Moscow offers highest ever Russian coupon

Moscow Russia 230px

Credit Bank of Moscow has released price guidance at a yield of 16%-17% for a 10.5 year non-call 5.5 year subordinated rouble-denominated Eurobond. The final coupon on the note could be the second highest ever offered in the CEEMEA region for an internationally sold fixed rate note and the highest ever from a Russian issuer, but is largely being sold to a small group of investors that have already been identified.

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