OREANDA-NEWS. April 20, 2011. AIKB Tatfondbank closed the order book on commercial paper series BO-02 with nominal value of R2 bln, maturity 3 years (1092 days) from the date of sale commencement, and a put option in 1.5 years.

Over the course of book building, investors submitted 74 bids with coupon rates ranging from 8.00% to 9.00% annually. Overall demand amounted to R4,155 mln.

Following completion of book building, AIKB Tatfondbank set the coupon rate on the series BO-02 commercial paper at 8.75% annually. Given the market situation, cost of placement, coupon rate on the paper and existing demand, AIKB Tatfondbank has decided to satisfy 61 investor bids.

Settlements under the deal will take place upon placement of the commercial paper on the MICEX on April 21, 2011.

The organizer of the placement is Troika Dialog. Co-underwriters: Promsviazbank, IC RUSS-INVEST, IC Center Capital.

Information for editors:

AIKB Tatfondbank is a universal bank offering a broad range of services to corporate and individual customers. Tatfondbank is the second largest bank of the Republic of Tatarstan. Tne Bank has traditionally been on the list of top 100 largest Russian banks in assets and equity.

The Government of the Republic of Tatarstan is the Bank's key co-owner. The charter capital of Tatfondbank is RUR 7.3 billion.