Credit Bank of Moscow says sells 3.2 bln shares at 4.5 rbl/share

MOSCOW, Oct 25 (PRIME) -- The supervisory board of Russia’s Credit Bank of Moscow has set the placement price of a secondary public offering (SPO) at 4.5 rubles per share, and the bank is to sell 3.2 billion shares publicly at the SPO, as seen by PRIME in materials of the bank on Wednesday.

The bank held a road show and collected bids for its SPO from October 19 through Tuesday. Otkritie Capital, Societe Generale, Aton and brokerage company Region are the organizers of the placement.

A source said earlier this month that Credit Bank of Moscow planned to raise U.S. $258 million in the SPO.

(57.5852 rubles – U.S. $1)

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