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BRIEF-Credit Bank of Moscow launches cash tender offer for $106.2 mln notes due 2018
October 2, 2017 / 3:19 PM / 2 months ago

BRIEF-Credit Bank of Moscow launches cash tender offer for $106.2 mln notes due 2018

Oct 2 (Reuters) - CBOM FINANCE PLC:

* SAYS IT HAS LAUNCHED INVITATIONS TO HOLDERS OF ITS $500 MILLION 8.70% LOAN PARTICIPATION NOTES DUE 2018, OF WHICH $106.2 MILLION REMAIN OUTSTANDING, TO TENDER FOR PURCHASE FOR CASH ANY AND ALL OF THE NOTES

* THE NOTES HAD BEEN ISSUED FOR THE SOLE PURPOSE OF FINANCING A SUBORDINATED LOAN TO CREDIT BANK OF MOSCOW

* THE PURCHASE PRICE IS $960.00 PER $1,000 IN PRINCIPAL AMOUNT OF THE NOTES

* THE PURPOSE OF THE TENDER OFFER IS TO ENSURE BETTER LIQUIDITY OF THE NOTES AND TO PROACTIVELY MANAGE CBM‘S DEBT MATURITY PROFILE

* THE TENDER OFFER EXPIRES ON OCT. 9

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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