Bank of Moscow Eurobonds

Moscow government controlled "Bank of Moscow" placed five-year Eurobonds for $ 750 million with a coupon rate of 6.699 percent per annum, said IFR source in banking circles.

"Book of applications (for Eurobonds)  significantly exceeded $ 2 billion. This fact  qualifies the "Bank of Moscow" as one of the highest quality borrowers from Russia ", - told Reuters news executive director of JP Morgan Albert Sagiryan.  

Initially, the bank oriented investors at yields in the range of 400-450 basis points over swaps market average, then narrowed the landmark to 415-425 basis points over swaps. 

Road Show kicked off production last week. 

The organizers of the transaction appear Credit Suisse, Goldman Sachs and JP Morgan. 

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