OREANDA-NEWS. January 10, 2008. URALSIB Leasing Company successfully placed a 2.7 billion ruble series 01 bonds issue on the Moscow Interbank Stock Exchange (MICEX) on December 26, the company's press service reported. The issue established the rate for the first coupon at 11.6 percent compounded annually which is the equivalent of 11.94 percent redeemable in 18 months. Placement was achieved on the first day. The bonds will mature in 3 years. Trading will be on MICEX and OTC. The issuer believes that series 01 bonds will be included in Lombard list of The Bank of Russia as they meet all the requirements.

URALSIB Financial Corporation and ICICI Bank Eurasia were underwriters of the bonds offering. EurofinanceMosnarbank and European Trust Bank, IC AyaksCapital, IB Vesta, First Republican Bank, IFC PEKO-M were among co-underwriters.

URALSIB Leasing Company plans to finance growing volumes of leasing operations with capital raised from the bonds placement. Issuing the bonds is one part of the company's plans for establishing its credit history and is proof of strengthening of company's position as an independent borrower. URALSIB Leasing Company raised more then USD 600 million in 2007, including placement of CLN in international capital markets (ING Bank and URALSIB Financial Corporation were among arrangers of the deal) and also received a loan from a group of international banks led by Credit Suisse.