Credit Bank of Moscow offers 2.75 bln new shares at 5.35 rbl/shr
MOSCOW, Nov 6 (PRIME) -- Credit Bank of Moscow will sell 2.75 billion new shares at 5.35 rubles per security on Wednesday, the bank said in a statement.
The bank has been collecting bids since October 29 through Tuesday. Rossium of Roman Avdeyev, which holds 56.07% in the bank, is expected to bid for 1.542 billion shares to keep its current stake in the bank.
The bank said earlier it plans to allot up to U.S. $150 million raised through the offer for the buyback of $600 million 2027 Eurobonds and $700 million perpetual Eurobonds.
Citigroup, Societe Generale, and Sova Capital will act as organizers.
(63.2480 rubles – U.S. $1)