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Published on 8/13/2010 in the Prospect News Emerging Markets Daily.

New Issue: Bank of Moscow prices CHF 350 million 4½% loan participation notes due 2013 at par

By Christine Van Dusen

Atlanta, Aug. 13 - Bank of Moscow priced CHF 350 million 4½% loan participation notes (Baa1//BBB-) due Sept. 10, 2013 at par to yield mid-swaps plus 379 basis points, according to a market source.

BNP Paribas and UBS were the bookrunners for the deal, which was talked at the mid-swaps plus 373 bps area.

Bank of Moscow is a Russian lender.

Issuer:Bank of Moscow
Amount:CHF 350 million
Maturity:Sept. 10, 2013
Description:Loan participation notes
Bookrunners:BNP Paribas, UBS
Coupon:4½%
Price:Par
Yield:4½%
Spread:Mid-swaps plus 379 bps
Trade date:Aug. 12
Ratings:Moody's: Baa1
Fitch: BBB-
Price talk:Mid-swaps plus 373 bps area

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