Credit Bank of Moscow (CBM) opened books on Monday for its return to the dollar market, taking orders for five year loan participation notes.
Citi and Société Générale received the mandate as global coordinators. Commerzbank, ING and Sova Capital will share the ticket as bookrunners.
The leads have offered initial price thoughts of 7.25% area for the June 2024 loan participation notes.
CBM’s deal coincides with two