OREANDA-NEWS. Transcapitalbank, rated B1 (positive) by Moody’s, has issued a US$100mln, 10 non-call 5 Subordinated Lower Tier 2 Eurobond. The deal was priced yesterday with a yield of 10.50% with ABN AMRO Bank and Credit Suisse Securities (Europe) Ltd. as joint bookrunners. The deal was assigned a B2 (Positive) rating by Moody’s.

Despite a market’s volatile market conditions Transcapitalbank successfully closed the books with oversubscription of around 1.5x, which shows Transcapitalbank’s ability to place its transactions in both strong and weak markers.

The proceeds will permit to increase Transcapitalbank’s capitalization and enhance growth of its business as well as promote further development of its regional activities.