OREANDA-NEWS. June 10, 2010. Transcapitalbank's inaugural RegS USD 175 mln. 3-year Fixed Rate Loan Participation Notes issue was successfully repaid on 10 May 2010.

The notes were issued by TransRegionalCapital Ltd., Ireland in May 2007 in initial amount of USD 175 mln. at 9.125% p.a with 3-year maturity. The issue was lead managed by ABN AMRO Bank and Deutsche Bank. The notes were listed on the Irish Stock Exchange and rated at В1 by Moody's.

The proceeds were used for the development of leasing programs, the provision of short-term loans to customers for the modernization of their equipment and the expansion of SME loan portfolio in the certain regions of Russia.

On February 2009 Transcapitalbank invited holders to tender their notes for cash and accepted for purchase USD 28.2 mln. according to a Reverse Modified Dutch Auction.