Bank of Moscow talks dollar-denominated seven-year notes at mid-swaps plus 170-175 bps

By Paul A. Harris

St. Louis, May 3 - JSCB Bank of Moscow, issuing via special purpose vehicle Kuznetski Capital SA, issued guidance on its benchmark-sized dollar-denominated offering of seven-year senior loan participation notes of mid-swaps plus 170 to 175 basis points on Wednesday, according to an informed source.

The offering is expected to price on Thursday.

Barclays Capital and JP Morgan are joint bookrunners for the Rule 144A and Regulation S offering.

Moody's Investors Service assigns its Baa1 rating to the notes. The Fitch Ratings rating is BBB-.

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