Commentary & Deal Flow

Trans-Oil Group (the "Group"), a leading agro-industrial holding in Central and Eastern Europe, operating in Moldova, Romania and Serbia, has mandated Citi, ING and Oppenheimer as Joint Global Coordinators and Joint Bookrunners and Raiffeisen Bank International and UniCredit as Joint Bookrunners to arrange a series of fixed income investor calls on the 10th of March. A Reg S-only US$-denominated tap of their existing 11.125% senior secured guaranteed notes due 11/20/29 (issued by Aragvi Finance International DAC) (ARAGVI) to be rated B by S&P and B+ by Fitch will follow, subject to market conditions. An investor presentation and Preliminary Offering Memorandum are available on https://www.netroadshow.com/nrs/home/#!/?show=e3269aba