OREANDA-NEWS. Credit Europe Bank has successfully placed its series BO-18 bonds on the MICEX Stock Exchange. The initial guidance for the 1st coupon was announced within the range of 11.50-12.00%. During book building the bank lowered the range twice. The final rate for the 1st coupon was 11.4% annually. Over 35 investor bids were received totaling RUB 7.6 bln.

In accordance with the conditions of the issue, the series BO-18 bonds are worth a total of RUB 5 bln and have a maturity of 3 years. The bonds have a put option after 1 year.

The funds raised from the placement will be used to carry out lending projects for clients of Credit Europe Bank and finance highly-effective investment projects.

The organizers of the bond issue are Sberbank CIB, Alfa-Bank, VTB Capital, and UniCredit Bank.

CJSC Credit Europe Bank is a Russian bank with foreign capital. The bank has been active on the Russian market for more than 17 years and continues to actively grow and develop, sharing its success with clients, partners and shareholders.

Credit Europe Bank employs more than 4,500 highly qualified specialists. As of 31.12.2013 CEB Ltd offers services to more than 1,600 corporate clients, around 19,000 SME clients and over 4 million retail customers.

Credit Europe Bank is one of the Top-50 largest Russian banks in terms of total assets and equity capital. The company is a leader in automobile lending, POS credit and credit card lending. The bank has international credit ratings from Moody's (Ba3), Fitch (BB-) and RusRating (AA+ & BBB+).