Credit Bank of Moscow says sets SPO price at 6.3 rubles per share

MOSCOW, May 14 (PRIME) -- Credit Bank of Moscow has set the price for its secondary public offering (SPO) at 6.3 rubles per share, the lower band of its 6.30–6.45 rubles per share guidance, it said in a statement on Friday.

The bank planned to sell up to 3.6 billion of new ordinary shares. Bids were accepted from May 6 until Thursday.

The bank plans to use the money for general corporate purposes. Citigroup, Renaissance Capital, Societe Generale, Sova Capital, Aton, and BCS Global Markets act as the organizers of the SPO.

(74.3566 – U.S. $1)

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