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20.04.07

Raiffeisen Bank Aval receives the largest Syndicated Term Loan Facilityfor a Ukrainian financial institution

Today, the extension of a USD 500 million syndicated term loan facilityto Ukrainian Raiffeisen Bank Aval, subsidiary of Vienna-based RaiffeisenInternational Bank-Holding AG, was officially signed. The syndicatecomprises a geographically diversified group of investors represented bymore than 40 international financial institutions. The facility wasannounced to the market at the beginning of March with an initial amountof USD 150 million. Due to the market''s confidence in Raiffeisen BankAval and the resulting over-subscription, the final loan facility wasincreased to USD 500 million. The facility has a two-year tenor with onefinal ("bullet") repayment.

BayernLB, DZ BANK, HSBC and Standard Bank acted as Bookrunners. The loanis a landmark transaction in the Ukrainian market: It is the largesttransaction in terms of volume for a Ukrainian financial institution andthe first syndicated deal on the local market with a tenor of two years.It also sets a benchmark in terms of price at a record-low margin of 120basis points.

The margin achieved is a reflection of the ownership structure(Raiffeisen Bank Aval is 95.6 per cent owned by RaiffeisenInternational) and of the bank''s substantial volume of operationsdeveloped in the Ukrainian market. Martin Groll, CFO of RaiffeisenInternational, was very glad about the syndication results andcommented:"The success of this transaction demonstrates the strongposition of Raiffeisen in Ukraine and indeed the whole CIS as well asrecognition as a reliable partner in the international financialmarket." It was only in December that Raiffeisenbank Austria, Moscow,received a three-year syndicated loan facility amounting to USD 625million. That deal also ranked among the best in terms of volume andpricing as well.

The facility will be used for general funding purposes, i.e. financingthe growing loan portfolio which reached the countervalue of nearly 3.3billion euros as at year-end 2006. The bank''s number of customers acrossall segments exceeds four million.

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VAT Raiffeisen Bank Aval was founded in 1992. At year-end 2006 itsbalance-sheet total amounted to€ 4.3 billion (up 27 per cent), making it the country''s second-largest bank. It operated more than 1,300 business outlets with almost 17,400 employees at the balance-sheet date.

Raiffeisen International operates one of the leading banking networks inCEE. 18 markets are covered by subsidiary banks, finance leasingcompanies and two representative offices. Over 12 million customers areattended to through more than 2,850 business outlets. Representativeoffices in Lithuania and Moldova complement the Group''s presence in theregion. Raiffeisen International is a fully consolidated subsidiary ofRaiffeisen Zentralbank Osterreich AG (RZB), which owns 70 per cent ofthe common stock. The remaining 30 per cent is free float, the sharesare traded on the Vienna Stock Exchange. RZB is a leading corporate andinvestment bank in Austria and the central institution of the AustrianRaiffeisen Banking Group, the country''s largest banking group.

For further information please contact Martin Schreiber (+43-1-71707-1562, martin.schreiber@ri.co.at).http://www.ri.co.at,http://www.rzb.at

 

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