25 Sep 2012 17:23

Credit Bank of Moscow places 3 bln rubles in bonds

MOSCOW. Sept 25 (Interfax) - Credit Bank of Moscow has placed 3 billion rubles in second-series exchange-traded bonds on the MICEX exchange, he bank said.

The bank priced the bonds at 9.75% pa during book building September 19-21.

Demand was 4.5 billion rubles, Sviaz Bank , which ran the offering together with VTB Capital and the Region brokerage, said. The bonds were placed among a wide range of investors with 39 bids received.

The bank was Russia's 21st largest by assets, according to the Interfax-100 ranking at the end of H1 2012.