TransCreditBank arranged AHML's bonds

On August 27th 2009 OJSC AHML placed its documentary non-convertible coupon bearer state-guaranteed series A12-A15 bonds totaling 28 billion rubles on MICEX Stock Exchange. The placement was made through the collection of applications to purchase bonds at a fixed price and the rate of the first coupon. The deal organizers included TransCreditBank, Sberbank, Bank of Moscow, Raiffeisenbank, Citibank.
 
The bonds have a floating coupon rate. The floating rate is equal to the sum of the CBR refinancing rate set 1 business day prior to the starting date of the coupon period, and published on the official website of the Bank of Russia, and a premium of 2,5% per annum. The premium is set for the duration of the bond.
 
AHML’s bonds with state guarantees will be used in swap transactions for pools of mortgage loans to encourage banks to issue new mortgage loans. The banks which exchange pools of loans for these bonds will be able to attract CBR funding secured by these bonds.

Latest News On a Meeting of the Russian Development Bank's Supervisory Board B&N Bank has repaid the Syndicated Loan amounted to USD 27 mln. Vnesheconombank Chairman Vladimir Dmitriev's Briefing on the Results of Vnesheconombank's Supervisory Board Meeting Annual General Meeting of Shareholders was held on June 26, 2009 LOCKO-Bank successfully repaid it’s RUR Eurobond issue On Payments on Eurobonds Transaction with GC "ESTAR" has been cancelled TransCreditBank paid more than 99 % of 2008 dividends Production and Trade Company "Agromat Ltd." Fulfils its Obligations on Payment of Interest Income of Series À, Â Production and Trade Company "Agromat Ltd." Fulfills its Obligations on Redemption of Series Ñ Bonds

Vnesheconombank Supervisory Board Regular Meeting Held Russian Prime Minister V.V. Putin chaired a meeting of Vnesheconombank (VEB) Supervisory Board: we need to discuss Vnesheconombank's participation in implementing the Government's measures to cope with the crisis, including the Bank’s participation in the programs designed to support small and medium-sized business. [Read...]