ABN AMRO and Credit Suisse Securities (Europe) Ltd. acted as lead managers. Transcapitalbank euro bonds will be floated on the Irish Stock Exchange, with payments made through the Euroclear/Clearstream systems.
The funds attracted during the flotation will help increase the bank's capitalization and push its assets growth higher up, and will also sponsor the lending establishment's business in regions.
The Moody's international agency earlier assigned a B2 positive rating to Transcapitalbank.
Established in 1992 and headquartered in Moscow, Transcapitalbank reported total assets of 27.2 billion rubles ($1.07 billion) calculated to IFRS as of April 1, 2007. The European Bank for Reconstruction and Development (EBRD) is a majority shareholder, owning a 25% plus 1 share.
