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26.11.04

CJSC Promsvyazbank USD 43,000,000 Syndicated Trade Finance Facility.

ZAO Raiffeisenbank Austria and Raiffeisen Zentralbank Oesterreich AG(together RZB Group) jointly with ING as Mandated Lead Arrangers and aconsortium of lenders have signed into a USD 43 million Syndicated TradeFinance Facility for CJSC Promsvyazbank, Moscow. The signing took placeon November 26, 2004 in London.

The transaction was well-received in the international financialmarkets. The facility was initially launched at USD 20 million and washeavily oversubscribed to reach USD 43 mln. The tenor of the facility is12 months with bullet repayment. The margin is 3,4%. The funds will beused to finance and refinance the Borrower&rsquos funding of itsclients&rsquo import and export transactions.

Twenty two banks (incl. the Mandated Lead Arrangers) have joined thefacility.

Lender

Status

ING

Mandated Lead Arranger

RZB Group

(Raiffeisen Zentralbank Oesterreich AG and ZAORaiffeisenbank Austria)

Mandated Lead Arranger

 

 

Bankgesellschaft Berlin AG

Lead Manager

Dresdner Bank AG

Lead Manager

Finansbank (Holland) N.V.

Lead Manager

Landesbank Baden-Wuerttemberg Group

(LandesbankBaden-Wuerttemberg, London Branch and

Baden-WuerttembergischeBank AG)

Lead Manager

 

 

BCEN Eurobank

Manager

GarantiBank International N.V.

Manager

Hua Nan Commercial Bank Ltd, London Branch

Manager

Moscow Narodny Bank Limited

Manager

Nova Ljubljanska banka d.d., Ljubljana

Manager

Sumitomo Mitsui Banking Corporation Europe Limited

Manager

ZAO Citibank

Manager

 

 

American Express Bank Ltd

Participant

Adria Bank Aktiengesellschaft

Participant

BANIF&ndash Banco Internacional do Funchal, S.A.

Participant

BRE BANK SA, Warsaw

Participant

International Moscow Bank, Moscow

Participant

Mashreqbank psc

Participant

Natexis Banques Populaires

Participant

Sampo Bank plc

Participant

Zuericher Kantonalbank

Participant

 

Promsvyazbank, initially established in 1995, is today one of the top 15banks in the Russian Federation (in terms of assets), employingapproximately 1,800 people. Its total assets amount to RUR 46.155billion as of 30 June, 2004 (equ. US$ 1,591 mln). It runs 50 branchesand offices, half of which are located in the region of Moscow. The bankis one of the key players in international trade finance business inRussia, having credit lines from major international financialinstitutions and ECAs. Promsvyazbank has a long term rating of B fromFitch, B- from Standard and Poor''s and B1 from Moody''s.

Raiffeisenbank is one of the leading arrangers on the local syndicationloan market. During 2001-2004 the Bank acted as an arranger of a numberof syndicated loans to Russian borrowers in the sphere of retail trade,energy sector, metallurgy, commercial real estate and banking totalingto over USD 1.5 bln of which USD 600 mln was in 2003-2004.

Raiffeisenbank Austria, ZAO is a subsidiary of Raiffeisen InternationalBank-Holding AG (Raiffeisen International). Raiffeisen International isa fully consolidated subsidiary of RZB and a member of the RZB Group,minority interest is held by International Finance Corporation (IFC) andthe European Bank for Reconstruction and Development (EBRD). RaiffeisenInternational is the holding company for Raiffeisen Group most importantsubsidiaries in Central and Eastern Europe (CEE). RZB-Austria is thecentral institution of the Austrian Raiffeisen Banking Group, thecountry''s most powerful banking group.

 Raiffeisenbank Austria, ZAO is one of the largest Russian banks (is ranked 12th in terms of net assets, based on H1 2004 results, CEA Interfax). Moody''s Interfax Rating Agency has assigned the long-term national scale credit rating to Raiffeisenbank Austria at Aaa (rus)and the short-term rating at RUS-1. Moody''s Investors Service also assigned the following ratings to the Bank: D Financial Strength Rating (FSR), Ba1 long-term and NP short-term foreign currency deposit ratings.

 

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