On 20 April 2018 TRANSKAPITALBANK launched an invitation to eligible holders of the outstanding U.S.$100,000,000 10.00 per cent. loan participation notes due 2020 issued by TransRegionalCapital Designated Activity Company to tender their notes for purchase by the Bank for cash.
TRANSKAPITALBANK announced the targeted tender amount up to U.S.$25 million. The transaction successfully reached the expectations in terms of quantity and resulted in the aggregate nominal amount of notes equal to U.S.$23,849,000 that has been validly tendered in the tender offer.
The tender offer expired at 4:00 p.m. (London time) on 7 May 2018. All the notes validly tendered for purchase have been accepted in full without pro-ration.
The settlements were made through Euroclear / Clearstream on 10 May 2018.
The tender offer was managed by CITIGROUP GLOBAL MARKETS LIMITED as Dealer Manager and CITIBANK N.A., London Branch as Tender Agent.
TKB’s profitability is still driven mainly by the net interest income, which exceeded RUB 2,8bln. and which comprises 77% of the total operational income.
The Group’s total assets stand at RUB 220,4bln. Loans and advances to customers amounted over RUB 143,5 bln. Customer accounts reached 64% stake in the Group’s liabilities structure.
Since 01 January 2018 when the new IFRS 9 standard “Financial Instruments” has become mandatory for the banks in Russia and the regulatory requirements to the calculation of impairment ratios have been made more rigorous, the Group continues to report quite high level of the total capital adequacy ratio, which comprised 12,8% as of the end of 1Q 2018.
TRANSKAPITALBANK (TKB) acted as a Mandated Lead Arranger in the syndicated loan transaction for the Bank Moscow-Minsk, Belarus.
The deal is structured as a dual tranche loan with 1,5 / 1 years tenor and the amount of EUR20mln / USD1,0mln respectively.
TKB participated for EUR5mln. Alfa Bank acted as another MLA and Agent (Bookrunner) for this deal.
Akbars Bank, Novikombank, Finservice Bank, Asian-Pacific Bank, ALEF-Bank and J&T Bank also joint this syndicate.
“This is the 12th syndicated loan transaction co-arranged by TKB for Belarusian banks and we can notice that more than EUR1,6bln have been injected into the Belarusian economy due to these deals” – commented Elena Shirinskaya, Deputy Chairman of the Management Board – “Success of this transaction along with the fact that new investor decided to join our deal is another evidence of the market confidence to the Belarusian risk”.
TRANSKAPITALBANK (TKB) participated in the syndicated loan transaction amounting to USD40mln for XAC Bank - one of the TOP-5 financial institutions in Mongolia.
The deal is structured as a dual tranche loan with 1 / 3 years tenor.
The European Bank for Reconstruction and Development (EBRD) acted as the MLA and Agent (Bookrunner).
Mikrofinanzfonds, Bank im Bistum Essen Eg and ResponsAbility SICAV (Lux) joint this syndicate alongside with TKB