Legal DealFolio - Credit Bank of Moscow Eurobond Issue

Global law firm White & Case LLP acted as English and Russian counsel to Raiffeisen Bank International in its role as the sole lead manager of a US$200 million Eurobond offering by Credit Bank of Moscow, also known as Moskovskiy Kreditny Bank. The three-year Eurobonds were issued with a fixed coupon rate of 8.25% and generated strong demand from international investors, with the majority of the Eurobonds being placed outside of Russia. The offering was structured as an issuance of 8.25% loan participation notes due 2014 by CBOM Finance plc, an Irish special purpose vehicle, for the purpose of funding a senior loan to Credit Bank of Moscow. Commenting on the transaction, White & Case partner Carter Brod said: "We are pleased to have assisted Raiffeisen Bank International on this offering by Credit Bank of Moscow. The success of this transaction is an indication that the recent sovereign debt problems in Europe and the United States have not dampened investors' interest in emerging markets Eurobonds." Credit Bank of Moscow is a privately owned bank that ranks as one of the 30 largest banks in Russia by assets. The bank's business is focused almost exclusively on Moscow and the Moscow region. The bank provides its clients with a range of banking services, including corporate and retail lending, cash management, trade and structured finance, factoring, leasing, deposit-taking, provision of credit card services and foreign exchange operations. The White & Case team was led by Moscow partner Carter Brod and included associates Graeme Dickson (London), Dmitry Lapshin (Moscow) and Elizaveta Ivanova (Moscow) and trainee solicitor Tamara Dyer (London).

Deal Date:	05-08-2011	Practice Area:	Debt Capital Markets
Deal Title:	Credit Bank of Moscow Eurobond Issue	Industry:	Banks
Description:	Global law firm White & Case LLP acted as English and Russian counsel to Raiffeisen Bank International in its role as the sole lead manager of a US$200 million Eurobond offering by Credit Bank of Moscow, also known as Moskovskiy Kreditny Bank. The three-year Eurobonds were issued with a fixed coupon rate of 8.25% and generated strong demand from international investors, with the majority of the Eurobonds being placed outside of Russia. The offering was structured as an issuance of 8.25% loan participation notes due 2014 by CBOM Finance plc, an Irish special purpose vehicle, for the purpose of funding a senior loan to Credit Bank of Moscow. Commenting on the transaction, White & Case partner Carter Brod said: "We are pleased to have assisted Raiffeisen Bank International on this offering by Credit Bank of Moscow. The success of this transaction is an indication that the recent sovereign debt problems in Europe and the United States have not dampened investors' interest in emerging markets Eurobonds." Credit Bank of Moscow is a privately owned bank that ranks as one of the 30 largest banks in Russia by assets. The bank's business is focused almost exclusively on Moscow and the Moscow region. The bank provides its clients with a range of banking services, including corporate and retail lending, cash management, trade and structured finance, factoring, leasing, deposit-taking, provision of credit card services and foreign exchange operations. The White & Case team was led by Moscow partner Carter Brod and included associates Graeme Dickson (London), Dmitry Lapshin (Moscow) and Elizaveta Ivanova (Moscow) and trainee solicitor Tamara Dyer (London).
Financial Center:	Moscow	Value:	0.00-100.00
Advised Party:	Lead Manager	Law Firm	White & Case
Issuer Jurisdiction	Russian Federation	Listing Jurisdiction	Russian Federation
Classification:	Corporate Bonds Senior Debt	Lawyer	Carter Brod

Practice Areas -

Debt Capital Markets Law Firms and Lawyers

Practice Areas - Debt Capital Markets Law Firms and Lawyers