Commentary & Deal Flow

Reoffer: 5yr: 8.50% / 8.75% / 99.005

Final Books > US$920mn (excl JLM int)

Launched: 5yr: US$500m @ 8.75% - Books > US$920mn (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: B+/B (S&P/Fitch)
• Expected Issue Ratings: B+/B (S&P/Fitch)
• Ranking: Senior Unsecured
• Format: 144A/Reg S
• Size: US$500m
• Tenor: 5yr
• Settle: 23-Apr-26 (T+5)
• Maturity: 23-Apr-31
• Reoffer: 99.005
• Coupon: Fixed, payable semi-annually in arrears, 30/360
• 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
• Stabilisation: FCA/ICMA Stabilisation applies