Credit Bank of Moscow uses novel put to take $200m
Credit Bank of Moscow sold a $200m three year Eurobond with yield of 8.25% on Thursday, using a innovative put option that allows investors to demand the deal be repaid at par if the bank is downgraded one notch by both Moody’s and Fitch. The two agencies rate the note B1 and B+.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts