OREANDA-NEWS. May 7, 2007.  TransKreditBank successfully completed an issue of Eurobonds worth USD 350 million США and maturing in May 2010. The coupon rate is 7% per annum.
The road-show took in Hong Kong, Singapore, London and Frankfurt and was completed just two days before the deadline due to the high demand. The issue amount was increased from the initial sum of between USD 250-300 million to USD 350 million and with total applications amounting to USD 2.2 billion was oversubscribed over six times.

Strong investor interest in the issue meant the price was adjusted twice and the coupon rate reduced from 7.5-7.50% to 7%.

Over 150 investors from all over the world took up the bond. British investors bought 48% of the issue, followed by Americans (13%), Swiss (11%), Asians (9%) and Russians (4%). Other European and miscellaneous investors accounted for the remaining 15%.
Banks bought 34% of the issue, asset management funds approximately 43%, hedge funds 13%, private investors 6% and corporate and other investors 4%.
Lead manager and book runners were ABN AMRO Bank and Standard Bank.