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Russia & CIS

Moscow Credit Bank Eyes Stopover in Middle East for Latest Eurobond

Announcement of a Middle Eastern leg of the bond roadshow signals Russian issuers’ commitment to diversify their investor bases.

Jan 16, 2020 // 4:00AM

Credit Bank of Moscow’s (MKB) began roadshows for new USD-denominated 5-year Eurobond in Europe, the US, Asia and Middle East.

UAE lender Emirates NBD is among the underwriters of the new transaction, which also include Citi, ING, Societe Generale, UBS, Commerzbank, Raiffeisen Bank International, and Sova Capital, according to PRIME news agency.

Russia’s 9th biggest lender by assets last ventured on the international markets in March 2019, when it placed a USD500mn Eurobond with a 7.125% coupon.

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