TransCreditBank to co-arrange a bond issue of JSC Uralelectromed.

The syndicate for placement of JSC Uralelectromed bond series 01 has been finalized, with TransCreditBank to act as a co-arranger.

The deal will be arranged by Gazprombank. The Savings Bank of Russia, Absolut Bank, VTB24, IBRD will also be co-arrangers.

The bond issue of series 01 by JSC Uralelectromed was registered by FSFM of Russia on January 25, 2007. The 5 years’ issue size is RUR3 bn. The issue will be placed on March 6, 2007 at MICEX by open subscription at par.

The bond carries 10 coupons. The first coupon rate will be set during the auction at stock exchange. Rates of coupons 2-6 will be equal to the first coupon rate. Rates of coupons 7-10 will be set by the issuer.

The coupon on JSC Uralelectromed series 01 bond will be paid on the semiannual basis. The deal provides for a put option exercisable 3 years after the primary offering.

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