Hogan Lovells Advises Credit Bank of Moscow on U.S$ 200 Million Eurobond Issue

MOSCOW, 4 August 2011 - Hogan Lovells in Moscow has advised Credit Bank of Moscow (open joint-stock company) (CBoM) on the issue of a U.S$ 200 million Eurobond, which signed on Tuesday 2 August 2011 and is due to close on Friday 5 August 2011.

With a coupon of 8.25%, the loan participation notes are due on 5 August 2014 and will be used to finance a loan to CBoM. Raiffeisen Bank International AG (RBI) acted as bookrunner.

The Hogan Lovells team acting for CBoM was led by Moscow partner Michael Pugh, supported by associates Olga Poyda, Arthur Sanikidze and Andrew Robinson.

Commenting on the transaction Michael Pugh said:

"We are delighted to have advised CBoM on this important Eurobond issue which rewards CBoM's daring approach in entering the capital markets at this incredibly turbulent time. It has allowed CBoM to successfully close its deal at a time when even top-drawer Government issuers have remained standing on the sidelines."


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