OREANDA-NEWS. October 8, 2007. On behalf of OAO PROBUSINESSBANK, Dresdner Kleinwort, Landesbank Berlin AG and VTB Bank (Deutschland) AG, together the Mandated Lead Arrangers, are pleased to announce the successful closing of a US$ 50 million Syndicated Trade Related Term Loan Facility for OAO PROBUSINESSBANK. The Facility has a tenor of 364 days and carries a margin of 2.25 % p.a. over LIBOR, compared to 3.25% p.a. for the debut transaction signed on 21 August 2006 and repaid since. Funds will be used to provide trade related financing to PROBUSINESSBANKґs clients.

The deal was initially launched on 14 August 2007 with an amount of US$ 30 million. As a result of the very positive market response, the deal was oversubscribed by 67% and the facility amount increased accordingly.

A total of 15 banks from 9 countries signed on to the Facility. Apart from the abovementioned Mandated Lead Arrangers, the following financial institutions joined the syndicate:

Lead Arrangers
AKA Ausfuhrkredit-Gesellschaft m.b.H.
BRE Bank SA
OTP Bank Plc

Arrangers
American Express Bank Ltd.
FBN Bank (UK) Ltd.
Wachovia Bank, National Association

Lead Managers
Bank Turan Alem
Banque de Commerce et de Placements SA
Icebank hf.
LHB Internationale Handelsbank Aktiengesellschaft
Misr Bank – Europe GmbH

Manager
PROBANKA, d.d.

“We were extremely pleased to see such a strong and positive reaction to this transaction, particularly so during the turbulent times we are currently witnessing on the financial markets”, Landesbank Berlin’s Syndications Director Ralf Schuster commented. Added Georg Moeller, Head of Global FI at VTB Bank (Deutschland) AG: “Probusinessbank was perceived by market participants as a borrower with a convincing story. The pricing of the transaction was fair and just from the outset and not adjusted in the wake of the current liquidity crisis. This deal is a great success for Probusinessbank. At the same time, it illustrates that Russian banks are not generally perceived by market participants worldwide to be, or become, severely impacted by the current crisis.”