Credit Bank of Moscow raises $500m, but Russian mart remains challenged
![Moscow](https://assets.euromoneydigital.com/dims4/default/27ed5f1/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F2a%2F31%2F2a96f1fbc71cb3fe09911d9cc60c%2Fmoscow-city-2013.jpg)
Credit Bank of Moscow (CBM) has refinanced a $400m loan, raising $500m. While the deal was oversubscribed, bankers still have little hope of a sustained increase in Russian syndicated lending, which some have called a barren market.
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