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Sova Capital Acts as Joint Global Coordinator on MKB USD500m 5 Year Eurobond Offering with a 3.875% Coupon

16 Sep 2021

Sova Capital has acted as a Joint Global Coordinator on Credit Bank of Moscow’s (MKB) USD500m 5 year Eurobond offering with a 3.875% coupon. The coupon rate is the lowest in MKB’s entire dollar Eurobond market history and among all Eurobonds issued by Russian privately-owned banks with maturities of 5 years or more.

Alina Sychova, Sova Capital’s Head of Capital Markets Origination comments:

“We are delighted to support MKB on their journey, acting as Joint Global Coordinators on the transaction and allowing the Bank to capitalize its growth further. Investor demand for the Issue has significantly exceeded the targeted size with 95% coming from international investors including 16% demand from Asia.”