OREANDA-NEWS. On 19 June 2008 was announced, that JSC Transcreditbank has priced US \\\\$ 350 million 9,00 % Senior unsecured Eurobond issue due 2011 via joint lead managers and bookrunners Dresdner Kleinwort and JPMorgan.

The transaction of the borrower, rated Ba1 (stable) / BB (positive) by Moody’s and S&P respectively, was announced on 12 June 2008 and structured as Loan Participation Notes.

Despite ongoing volatility and substantial volume of announced competing supply out of Russian financial sector in the international debt capital markets, the orderbook was significantly oversubscribed with 115 investor orders, allowing JSC Transcreditbank to upsize the deal to US\\\\$350 million from initially planned US \\\\$ 250 million.

The issue was placed among high quality European, Asian and off-shore US investors enabling JSC Transcreditbank to achieve optimal investor diversification.

Eurobond proceeds will be used by the Bank to further increase of its corporate and retail loan portfolio and for general banking purposes.