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Syndication is formed to place the second bond issue of Rosselkhozbank joint stock company

 
17 February 2006

Vneshtorgbank has announced of a syndication formed to place the second bond issue of Rosselkhobank worth RUR 7 billion.

Co-arranger of the issue is Deutsche Bank.

Among its co-underwriters are Vnesheconombank, ING Bank (Eurasia), Credit Swiss First Boston Bank, MDM Bank, International Moscow Bank, Citigroup (Citibank Commercial Bank), Evrofinance Mosnarbank, Investsberbank, Megatrustoil financial company, National Standard Bank, NOMOS-BANK, Raiffeisenbank Austria, North-West Investment Center, Standart Bank and Russian Regional Development Bank.

The bonds will be placed on the MICEX trading platform on February 22, 2006.

Under the arranger`s forecast, an annual percentage yield to redemption will reach 7.90% to 8.15% at placement. However, against a backdrop of favorable market environment, impressive syndication membership and high credit quality of Rosselkhozbank, a much more successful placement can be expected.

Rosselkhozbank has long-term credit ratings of Baa2/BBB-, investment grade, from Moody`s and Fitch, correspondingly, and national ratings of Aaa.ru/AA+ (RUS).

The volume of Rosselkhozbank bond issue is RUR 7 billion at par (State Registration No. 40203349V as of 17.01.2006). The bonds will mature in 5 years (1820 days) and have quarterly coupons. The rates of all the coupons are equal and will be auctioned at placement.

Arranger and underwriter of the issue is Vneshtorgbank.

The National Depository Center is a paying agent and a depository.


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