OREANDA-NEWS. October 11, 2007. During the past week TRUST has successfully structured and priced 2 financing deals for Russian clients. The deals were placed with international investors, with TRUST remaining an investor, thus demonstrating its continued support to its Russian corporate clients during difficult market conditions.

The deals were executed for Marshall Capital Partners (MCP) and a Moscow-based real estate development company, with TRUST acting as sole arranger and underwriter and raising $65 mln and $71.1 mln, respectively.

The MCP deal was structured through the issuance of loan participation notes, distributed primarily to European institutional investors. MCP is one of the leading private equity firms operating in Russia and the CIS, with assets under management exceeding $1 billion. Current projects of MCP include investments in food, real estate, transport, retail and telecommunications sectors.

Konstantin Malofeev, the Managing Partner and founder of Marshall Capital Partners, commented: “TRUST is the bank that we turn to when we need to finance in difficult markets. Their structuring capabilities, and distribution reach created an opportunity for us to complete a transaction in a market that many people regarded as closed at the moment. We appreciate their willingness to support this deal by investing alongside their investors”.

The transaction for the real estate developer was also performed through the placement of loan participation notes secured with a real estate mortgage. The proceeds will be used to finance an early stage of a residential development project in the Moscow region.

Michael Eggleton, CEO of National Bank TRUST, commented:
“We were proud to be able to demonstrate to our Russian corporate clients that we can bring them to the international markets at this testing time, and also to demonstrate our commitment to them by remaining a core investor in both these deals.

TRUST’s structuring and distribution teams have demonstrated that the market remains open for well executed transactions for good credits. Taken together with the continued growth of our retail, SME and Corporate businesses I am confident that we are firing on all cylinders for the final quarter of this year.”