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11.01.05

RZB arranged the «Emerging Market Loan of the Year» .

International Financing Review awarded RZB with the prestigious titleforEastern Europe, Middle East and Africa.

The prestigious weekly industry magazine International Financing Review(IFR) chose the US$ 600 million loan for Russian telecom provider MobileTeleSystems (MTS) arranged by Raiffeisen Zentralbank Oesterreich AG(RZB) jointly with ABN AMRO, ING and HSBC as itsEEMEA Emerging Market Loan of the Year. The award was presented at a Gala Event in London on Monday.

The three-year loan was the first unsecured large Russian corporate loanoutside the commodity sector. It was underwritten by a syndicate of 24banks at a time, when several transactions were postponed due topolitical worries.The Loan of the Year Award clearly honours RZBs local expertise and hence also its strength to place assets even in difficult times, being a trusted partner with a long-standing track record in the Central and Eastern European region, says Walter Rothensteiner, Chairman of RZBs Board of Management. The loan was a benchmark deal for the Russian corporate loan market. Additionally, it was significantly oversubscribed and priced at 250 basis points over Libor.

This transaction demonstrated that with the right borrower, appropriate structure and strong syndication skills, financing can be arranged at competitive rates in the international loan market when other capital markets dry up, says Patrick Butler, Member of RZBs Boardof Management with responsibility for business with Financial Institutions and Sovereigns as well as Treasury and Investment Banking.

Mobile TeleSystems (MTS) is the largest mobile telecom operator inRussia and the CIS. Together with its subsidiaries, the company providesits services to over 28.9 million customers. Its unrivalled networkcovers 87 out of 89 Russian regions as well as the Ukraine, Belarus andUzbekistan. In August 2004, MTS entered the Uzbek market through theacquisition of the largest local mobile telecom company.

Titledthe capital markets favorite newssheet by the Economist, IFR is a globally leading source of international capital markets intelligence. Published weekly in print and on the web, IFR provides in-depth coverage of developments in global financing markets, including analysisof all international bond, syndicated loan, leveraged finance, high-yield debt, emerging market, equity and convertible issues, as well as developments in the derivatives market. It is read by all major banks, brokers, investors, corporate and government borrowers.

Vienna-based RZB is the central institution of the Raiffeisen BankingGroup, Austria''s most powerful banking group. It is a leading corporateand investment bank in Austria and also considers Central and EasternEurope (CEE) as its home market, where it operates, via RaiffeisenInternational Bank-Holding AG (Raiffeisen International), a network of15 subsidiary banks with more than 820 banking outlets, as well as tworepresentative offices, in 16 markets. RZB''s network banks rank amongthe three largest banks in eight CEE markets.

You can download a printable picture of the IFR Award Trophy by clickinghttp://www.rzbfiles.at/ifrawardtrophy.jpg

 

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