28.07.2008, 07:59

Raiffeisen Bank Aval Announced Syndicated Term Loan Facility

OREANDA-NEWS. On 25 July 2008 was announced, that the Bank of Tokyo Mitsubishi UFJ, Ltd. ("BTMU"), Bayerische Landesbank ("BayernLB"), HSBC Bank plc ("HSBC") and Standard Bank Plc ("Standard Bank") (the "Initial Mandated Lead Arrangers and Underwriters" and "Bookrunners") have successfully arranged an USD200 million Syndicated Term Loan Facility (the "Facility") for Open Joint Stock Company "Raiffeisen Bank Aval" ("Raiffeisen Bank Aval" or the "Borrower"). The Facility was signed on 24 July 2008.

Launched at USD100 million on 17 June 2008, the Facility was well received in the market and achieved an oversubscription of more than 100 %. As a result of this successful syndication the Borrower has elected to increase the facility amount to USD200 million.

The Facility is structured with two tranches; a 364-day tranche ("Tranche A") with a margin of 100bp per annum and a 2-year tranche ("Tranche B") with a margin of 150bp per annum.

BayernLB, BTMU, HSBC and Standard Bank acted as joint Bookrunners for the Facility. HSBC is the Documentation Agent and Standard Bank is the Facility Agent.

The syndicate included the following banks:

Facility A

Mandated Lead Arranger

Raiffeisen-Landesbank Tirol AG

Lead Arranger

Wachovia Bank, National Association

DZ BANK AG Deutsche Zentral Genossenschaftsbank

Lead Manager

Commerzbank Aktiengesellschaft

American Express Bank Ltd

ING Wholesale Banking

Burgan Bank S.A.K., Kuwait

Manger

CREDIT SUISSE, Zurich

Facility B

Initial Mandated Lead Arranger

The Bank of Tokyo Mitsubishi UFJ, Ltd.

BayernLB

HSBC Bank plc

Standard Bank Plc

Mandated Lead Arranger

Raiffeisenverband Salzburg

Raiffeisenlandesbank Kärnten

Raiffeisenlandesbank Niederösterreich-Wien AG

Raiffeisenlandesbank Oberösterreich Aktiengesellschaft

Raiffeisen-Landesbank Steiermark AG

Lead Manager

Zürcher Kantonalbank

Raiffeisen Bank Aval was founded in 1992 (as JSPP Bank "Aval"). It has a full licence to conduct banking operations in Ukraine both in local and foreign currency.

Raiffeisen Bank Aval is a universal bank with over 4.1 million retail customers. The bank has one of the largest networks with over 1,180 outlets throughout the country and focuses on providing customers with a complete range of financial products and services, which also includes the services provided by subsidiaries Raiffeisen Leasing Aval.

Currently the bank is the 2nd biggest Ukrainian bank and the largest foreign financial institution in the market, accounting for 7.3% of total assets of the local banking system as of 31 March 2008.

For any further enquiries, please contact:

BayernLB

Dr. Andreas Eichinger

Tel.: +49 86 2171 23642

Email: andreas.eichinger@bayernlb.de

BTMU:

Oksana Podlesnaya

Tel.: +44 207 577 2097

Email: oksana.podlesnaya@uk.mufg.jp

HSBC:

Stephen Clarkson

Tel.: +44 20 7791 1455