Credit Bank of Moscow closes books on share sale

Moscow cityscape
By Sam Kerr
05 Nov 2019

Credit Bank of Moscow has finished a Rb14.7bn ($231m) primary share sale which will allow it to buy back debt to improve the composition of its regulatory capital.

CitiSociété Générale and Sova Capital are global co-ordinators for the deal which was launched on October 29.

The shares were priced at Rb5.35 on Wednesday, just below the top of revised price guidance of Rb5.22-Rb5.40 a share. It issued 2.75bn new shares. 

Although the equity offering was on ...

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