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)

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