The loan is truly a landmark transaction being the largest syndicated loan ever arranged for a financial institution in Bulgaria.

The granted amount of the “Microcredit” is between 1 000 to 7 000 levs. The repayment period is up to 24 months in equal monthly installment, including interest and principal.

The promotion includes a free of charge VISA Classic, with annual card fee waived for the first year. The offer is valid until the end of September 2004.

Half of IFC’s investment takes the form of long term loans to Raiffeisen International’s subsidiaries in Russia, Romania, Belarus and Ukraine. The other half is an option to invest equity in Raiffeisen International, if needed for the further expansion of the group.

Raiffeisen Leasing Bulgaria OOD is a universal leasing company and working together closely with Raiffeisenbank (Bulgaria) EAD, offers a considerable variety of leasing products focused on the financial leasing.

The issue is collateralised by pledge of receivables and leased assets, and has a nominal value of EUR 2 Mio. Joint-Lead Managers of the issue are Raiffeisenbank (Bulgaria) EAD and TBI Invest EAD.