Bonds
Eurobonds
MKB has been an active player in the Eurobond market since its debut in 2006. As at end-2019, the outstanding principal amount of its Eurobonds totalled USD 2.5 bln, EUR 0.5 bln and RUB 5.0 bln. They were issued via a special purpose vehicle, CBOM Finance p.l.c., on the Irish Stock Exchange.
Security type | Placementdate | ISIN | Par value | Amount outstanding | Coupon rate | Maturity, years |
---|---|---|---|---|---|---|
Subordinated Eurobonds 2025 | 26.11.2014 | XS1143363940 | RUB 5,000,000,000 | RUB 5,000,000,000 | 16.500% | 10.5 |
Eurobonds 2021 | 07.11.2016 | XS1510534677 | USD 500,000,000 | USD 500,000,000 | 5.875% | 5 |
Subordinated Eurobonds 2027 | 05.04.2017 | XS1589106910 | USD 600,000,000 | USD 440,000,000 | 7.500% | 10.5 |
Subordinated perpetual Eurobonds | 10.05.2017 | XS1601094755 | USD 700,000,000 | USD 540,000,000 | 8.875% | Perpetual Eurobonds |
Eurobonds 2023 | 14.02.2018 | XS1759801720 | USD 500,000,000 | USD 500,000,000 | 5.55% | 5 |
Eurobonds 2024 EUR | 20.02.2019 | XS1951067039 | EUR 500,000,000 | EUR 500,000,000 | 5.15% | 5 |
Eurobonds 2024 USD | 25.03.2019 | XS1964558339 | USD 500,000,000 | USD 500,000,000 | 7.121% | 5.25 |
In February 2019, MKB placed its debut euro-nominated 5-year EUR 500 mln 5.15% Eurobond issue.
The issue attracted investors from Continental Europe (45%), the UK and the USA (26%), Southeast Asia and Middle East (4%) and Russia (25%). In total, more than 120 orders were placed from 19 countries of the world. Such distribution speaks of a permanent interest in the bank’s bonds issues on the part of the international investment community. The book building process was preceded by a series of meetings with institutional investors in Zurich, Frankfurt, Vienna, Paris, London and New York.
In March 2019, MKB successfully placed a 5.25-year USD 500 mln 7.121% Eurobond issue. This transaction was the first public borrowing in US dollars by a Russian bank this year, and was the bank’s second international placement in 2019.


A series of meetings with investors in London, Amsterdam, Munich and New York resulted in a book of orders with a wide geographical coverage: Continental Europe (38%), the UK and the USA (7%), Asia and Latin America (5%). The Russian investors’ share is 50%. In total, more than 80 orders were placed from 19 countries of the world.
In 2019 Credit Bank of Moscow optimised its capital structure through of partial repayment and cancellation of USD 600 mln 7.500% p. a. Eurobonds due 2027 and perpetual USD 700 mln 8.875% p.a. Eurobonds. As a result, USD 440 mln in principal of CBOM’27 bonds and USD 540 mln in principal of perpetual bonds remain outstanding.
Internal bonds
The bank’s bonds are on the first level list of Moscow Exchange.
Security type | Placement date | ISIN | Par value, RUB mln | Coupon rate | Maturity, years |
---|---|---|---|---|---|
Exchange-traded bond series BO-09 | 25.03.2015 | RU000A0JU898 | 3,000 | 10.25% | 5 |
Exchange-traded bond series 001R-01 | 04.10.2019 | RU000A100WC4 | 10,000 | 8.35% | 3 |
Exchange-traded bond series 001R-02 | 03.12.2019 | RU000A1014H6 | 7,000 | 7.75% | 2 |
Some of the bank’s bond issues are on the third level list of Moscow Exchange.
Security type | Placement date | ISIN | Par value, RUB mln | Coupon rate | Maturity, years |
---|---|---|---|---|---|
Corporate bond series 15 | 24.07.2018 | RU000A0ZZE87 | 3,000 | 12.0% | - |
Exchange-traded bond series BSO-P01 | 11.06.2019 | RU000A100FF2 | 1,000 | 4.5% | 3 |
Exchange-traded bond series BSO-P02 | 15.07.2019 | RU000A100KS5 | 1,000 | 4.5% | 3 |
Exchange-traded bond series BSO-P03 | 15.07.2019 | RU000A100KT3 | 1,000 | 4.0% | 3 |
Exchange-traded bond series BSO-P04 | 03.09.2019 | RU000A100SF5 | 1,000 | 3.5% | 3 |
Exchange-traded bond series BSO-P05 | 04.10.2019 | RU000A100WT8 | 1,000 | 3.25% | 3 |
Exchange-traded bond series BSO-P07 | 13.11.2019 | RU000A101160 | 1,000 | 3% | 3 |
Exchange-traded bond series BSO-P08 | 19.12.2019 | RU000A1016Y6 | 1,000 | 2.55% | 3 |
Exchange-traded bond series BSO-P09 | 19.12.2019 | RU000A1016X8 | 1,000 | 1.55% | 3 |
Exchange-traded bond series BSO-P10 | 19.12.2019 | RU000A1016W0 | 1,000 | 0.01% | 3 |