OREANDA-NEWS. November 20, 2007. On November 19, 2007, Open Joint Stock Company "Raiffeisen Bank Aval" signed a 364-day Syndicated Term Loan Facility to the amount of US$ 200,000,000, the bank's press service announced.

The transaction was launched at US$ 100,000,000 and despite recent market conditions, closed substantially oversubscribed and lenders were scaled back. The success of the syndication is a testament to Raiffeisen Bank Aval’s strong regional presence as well as its solid banking relationships.

The Bank of Tokyo Mitsubishi UFJ, Ltd ("BTMU"), Bayerische Landesbank ("BayernLB"), HSBC Bank plc ("HSBC"), and Intesa Sanpaolo S.p.A. ("Intesa Sanpaolo"), were the Bookrunners and Mandated Lead Arrangers. Bayerische Landesbank is acting as Facility Agent.

The proceeds will be used for general corporate funding requirements, including but not limited to trade-related transactions.

The Mandated Lead Arrangers were joined by: DenizBank AG and Raiffeisen-Landesbank Group represented by: Raiffeisenlandesbank OberOsterreich Aktiengesellschaft, Raiffeisen-Landesbank Steiermark AG, Raiffeisen-Landesbank Tirol AG, Raiffeisenlandesbank Vorarlberg (s.a), Raiffesienverbank Salzburg as Lead Arrangers; Alpha Bank A.E, Commerzbank Aktiengesellschaft and Deutsche Bank AG as Arrangers; AKA Ausfuhrkredit-Gesellschaft mbH, Bank Austria Creditanstalt AG, The Bank of New York, Bank of Taiwan London Branch, Bank SinoPac, Offshore Banking Branch, JPMorgan Chase Bank, N.A., Mega International Commercial Bank Co., Ltd. Amsterdam Branch, Mizrahi Tefahot Bank Limited, London Branch, National Bank of Egypt (UK) Limited, Oberbank AG, Rabobank International, The Arab Investment Company SAA — Wholesale Bank (Branch), The Export-Import Bank of the Republic of China, UBS AG, London Branch, Wachovia Bank, National Association, Commercial Bank of Kuwait S.A.K and National Bank of Dubai PJSC as Co-Arrangers.

For the Borrower it is second successful deal in 2007, after in April 2007 US$ 500,000,000 was secured, which still remains the benchmark deal for Ukrainian financial sector.

Raiffeisen Bank Aval, founded in March 1992 as Bank Aval, is the second largest bank in Ukraine in terms of assets. Headquartered in Kyiv, Raiffeisen Bank Aval reported total assets of UAH 41.4 billion as of September 30, 2007. It is a subsidiary of Raiffeisen International Bank-Holding AG, the holding company of the subsidiaries of Raiffeisen Zentralbank Osterreich AG (RZB) in Central and Eastern Europe.