News

July 09, 2004

IFC Metropol financial consultant for Credit Bank of Moscow

IFC Metropol acted as a financial adviser for OAO The Credit Bank of Moscow. Metropol experts prepared the bank’s bond prospectus. The issue nominal value amounted to Rub 500 mn. The bond’s maturity is 728 days from the placement. Currently, the prospectus has been registered with the Russian Federal Service for Financial Markets, the placement is under progress. Investment banking group Nikoil is the lead manager of the issue.

OAO The Credit Bank of Moscow was set up in 1992. The bank’s authorized capital amounted to
Rub 393,29 mn. as of the end of 2003. The bank has an extensive correspondent network, including 60 accounts in Russian and foreign banks. The Credit Bank of Moscow carries out all types of banking operations, both in rubles and in dollars, and operations on the securities market.

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