OREANDA-NEWS. On behalf of Renaissance Capital, Natixis and Alfa-Bank the Initial Mandated Lead Arrangers and Bookrunners, are pleased to announce the successful closing of the USD 130 million syndicated loan facility.

Due to over-subscription, the transaction was increased from its launch amount of USD 100 million to USD 130 million. Signing of the Loan Agreement took place on 10th May 2007.

The Facility is priced at Libor + 125 bps, with a bullet repayment at 364 days following the facility signing with an extension option for the next 364 days.

The other participants in the syndicate were: Standard Bank Plc as Mandated Lead Arranger; Citibank  N. A. as Lead Arranger; HSBC Bank plc and JPMorgan Chase Bank, N.A. as Arrangers.

Renaissance Capital Holdings Limited, the Guarantor, and its direct and indirect subsidiaries (including Renaissance Securities (Cyprus) Limited, the Borrower) comprise a group of finance and investment companies conducting its operations primarily in Russia, Ukraine and CIS financial markets, where the Group occupies a leading market position. Since its founding in 1995, the Group has specialized in sales and trading of equity, fixed-income and derivative securities, equity and debt capital markets and investment banking services. The Group is also developing an asset management business. Research is an integral part of the services offered to clients by the Group and it has a leading Russian research operation. The Group serves a diverse mix of domestic and international clients, the latter coming primarily from the United Kingdom, the United States and Western Europe.

Renaissance Capital Holdings Limited, the Guarantor, is currently rated: “BB-” with Stable Outlook by S&P, “BB-” with Stable Outlook by Fitch and “Ba3” with Stable Outlook by Moody’s.