Credit Bank of Moscow buys $69.67 million of 7½%, 8 7/8% notes in tender, open market

By Susanna Moon

Chicago, Oct. 12 – Credit Bank of Moscow purchased by tender and in the open market $39,669,000 of its $600 million 7½% loan participation notes due 2027 and $30 million of its $700 million 8 7/8% perpetual callable loan participation notes.

The notes were issued by CBOM Finance plc for the purpose of financing the subordinated loan to the bank, according to a notice by the issuer.

After the cancellation of the bonds, the outstanding amounts will be $557 million of the 2027 notes and $670 million of the perpetuals, which will remain listed on Euronext Dublin.

CBOM is based in Dublin and operates as a subsidiary of Credit Bank of Moscow.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.