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Raiffeisenbank Receives the Best Restructuring Agent on the Russian Corporate Bond Market Cbonds Award 2009

Raiffeisenbank received the Best Restructuring Agent on the Russian Corporate Bond Market Award at the 7th Russian Bond Congress held in St Petersburg on December 10-11, 2009, based on the results of the Cbonds survey held among Russian and foreign debt market participants.

Commenting on Raiffeisenbank’s activities in this field, Nikita Patrakhin, Head of the Corporate Finance and Investment Banking Division, noted: «During recent crisis, many of our customers faced temporary liquidity squeeze and were consequently unable to fully repay their debts in time. We managed to convince the companies that in such a situation it is essential to openly tell investors about their problems and offer a common solution for all of them, rather than try to separate negotiations with each lender. As a result, we managed to establish dialogue between issuers and investors, which enabled companies to preserve and continue developing their businesses, and bondholders received comprehensible conditions and payback dates for their investments. Moreover, for the first time on the Russian market issuers undertook additional limitations — covenants that also improved transparency of the companies for investors. We are glad to receive the Cbonds award, because it proves that our work is highly appreciated not only by customers whom we helped to overcome hard times but by the entire investment community.»

In 2009 Raiffeisenbank proved to be the leader on the market in terms of quantity and scope of successful deals in restructuring of bond issues. Among issuers to whom the Bank provided the appropriate support are GAZ Group, Siberia airlines, Magnezit Group, Svobodny Sokol LMZ, 36.6 Pharmacy Chain, Natur Produkt Group.

The 7th Russian Bond Congress was arranged by Cbonds Information Agency arranged for and attended by more than 500 representatives of banks, investment companies, issuers and institutional investors from Russia, Ukraine, other CIS countries, Europe and the USA.

Raiffeisenbank is one of the leaders on the Russian corporate bond market. In 2001-2009 Raiffeisenbank acted as a lead manager or co-arranger for 168 corporate bond issues with total nominal value of over RUR 609 billion.

ZAO Raiffeisenbank is a subsidiary of Raiffeisen International Bank-Holding AG. Raiffeisenbank is ranking 9th in terms of assets among the Russian banks based on 3Q 2009 results (Interfax-CEA). According to Interfax-CEA, ZAO Raiffeisenbank ranked 5th in Russia in terms of private deposits and 8th in consumer lending in Russia based on 3Q 2009 results.

Raiffeisen International operates one of the largest banking networks in CEE, covering 17 markets across the region through subsidiary banks, leasing companies and a range of other financial service providers. The group’s nearly 59,000 employees service around 15 million customers via more than 3,100 business outlets. Raiffeisen International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB), which owns about 70 per cent of the common stock. The remainder is in free float, with the shares listed on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group.


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