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by Jp Albin

Apr 16, 2026 9:14 AM ET

UPDATE: OJSC “Eldik Bank” US$500m exp 5yr Sr Unsec; Yield set at 8.75%

IGC European Market: Deal Flow - GeneralHYC APAC Market: Deal Flow - General

Issuer	Term	Maturity	Size	Ranking	Type	IPT	Spread Set	ISIN	CUSIP
OJSC “Eldik Bank”	5yr	23-Apr-31	bmk	Sr Unsec	Fixed	High 8%s	8.75%	XS3335419555	US68370XAA46

Books > $900mn (excl JLM int)
Yield set at: 5yr: 8.75% - Books > $900mn (excl JLM int)
IPTs: 5yr: High 8%s

Issuer: OJSC “Eldik Bank”
Issuer Ratings: S&P:B+(stable) / Fitch:B(stable)
Expected Issue Ratings: S&P:B+ / Fitch:B
Status: Senior Unsecured Notes
Format: Reg S Cat 1 / Rule 144A
Coupon: Fixed, payable semi-annually in arrears, 30/360
Currency and Size: US$500mn expected
Tenor: 5 years
Settlement Date: 23-Apr-26 (T+5)
Maturity: 23-Apr-31
Listing: London Stock Exchange: International Securities Market
Governing Law: English Law
Use of Proceeds: The net proceeds will be used by the Borrower for general banking purposes
Clearing: Euroclear, Clearstream and DTC
Denominations: US$ 200k x US$ 1k
Joint Bookrunners and Joint Lead Managers: Citi (B&D), Oppenheimer
ISIN: XS3335419555 / US68370XAA46
Common Code: 333541955 / 334055507
Timing: Books open, today’s business. Books subject 14.30 UKT / 9.30am EST.
Stabilisation: FCA/ICMA Stabilisation applies