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Bank of Moscow plans to issue $200 million lower tier II notes
By Reshmi Basu
New York, Nov. 7 - Bank of Moscow, via Kuznetski Capital SA, plans to issue $200 million of lower tier II notes (Baa1//BBB-), according to a market source.
The Asian leg of the roadshow is scheduled to run from Thursday to Friday. The European leg will run from Nov. 14 through Nov. 17.
Barclays Capital and Merrill Lynch are running the Regulation S transaction.
Meanwhile the issue is expected to carry a call option. If not called, the coupon will step up by 150 basis points.
Bank of Moscow has more than 40 full-service regional branches throughout Russia.
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