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Press releases | Archive 2008

RBC successfully places new issue of commercial paper

Moscow, July 11, 2008 - RBC Information Systems (RTS, MICEX: RBCI) announces that on July 10, 2008 it successfully placed the second issue of commercial paper (BO-5 series) in the amount of RUB 1.5bn (approximately $64.0m) on MICEX. The commercial paper has the maturity of 364 days, with the coupon paid at maturity. The issue's identification number is 4B02-05-05214-A.

The issue, which was organized by Alfa Bank, was fully placed at the rate of 10.99% p.a. During the book building, investor demand substantially exceeded the volume of the offering. Alfa Bank received 58 purchase orders for the total amount of RUB 2.305bn, which equals 154% of the issue volume. This is the second placement of commercial paper conducted by RBC. The debut CP offering in the amount of RUB1.5bn took place on March 25, 2008.

"We are very pleased with the results of the issue. Hedging in the form of the currency forward agreement brought the actual cost of this debt for RBC down to 9.075% p.a. in US dollar terms, which is an attractive pricing given the current debt market conditions. Essentially, the current placement helped RBC to refinance part of its debt at a lower rate, after the partial repayment of CLNs in the amount of $56.5m in June 2008," said RBC Vice Chairman of Finance Dmitry Belik.

About RBC

RBC is one of Russia's largest media holdings, uniting under its umbrella several popular mass media, including television, the Internet, and press. The company owns Russia's only business news television channel RBC TV, over 28 websites, including the news portal www.rbc.ru, and a number of business titles and interior design and construction magazines.

RBC maintains a leading position on the business media market in Russia and the CIS. RBC is one of the best known Russian media brands. The company's flagship online resource www.rbc.ru is a homepage for the majority of Russian-speaking businessmen, while RBC TV is constantly on at trading rooms of major financial organizations in Russia. The company is also actively expanding its presence within the general-interest Internet segment in Russia, the CIS, and Eastern Europe. At the end of 1q2008, the total audience of RBC's Internet sites reached 34m unique visitors per month and continues to grow rapidly.

RBC is actively cooperating with the world leaders in news broadcasting, such as CNBC, CNN, The Economist and Handelsblatt. High quality of media products and their popularity among target audiences attract both Russian and foreign advertisers, whose total number exceeds 5,500. RBC was the first company in Russia's modern history to make an initial public offering (IPO) of shares on the domestic market. RBC's shares are listed on major Russian exchanges, the RTS and MICEX (ticker: RBCI), and also trade as part of the Level 1 ADR program.

About Alfa-Bank

Founded in 1990, Alfa-Bank is a universal bank that offers a complete range of financial services, including private and corporate client services, investment banking, trade financing and asset management.

Alfa is one of Russia's largest banks in terms of size of assets and equity. According to its 2007 IFRS audited financials, the assets of Alfa-Bank Group, which includes OJSC Alfa-Bank as well as subsidiary banks and financial companies, amounted to $22.7 billion. Meanwhile, the Group's aggregate capital totaled $1.9 billion, and credit portfolio less reserves was $15.4 billion. In 2007, the Group brought in $253.5 million in net profit, up from $190.3 million in 2006.

Alfa-Bank's clients include over 51,500 corporate customers and over 2.65 million individuals. The Bank has 305 offices and branches in Moscow, Russia regions and abroad, including subsidiary banks in Kazakhstan and the Netherlands and a financial subsidiary in the United States.

Alfa has had an investment subsidiary in New York, Alforma Capital Markets, Inc., since 2001. Alfa Capital Markets in London is a branch of Alfa Capital Holdings (Cyprus) Ltd. Alfa Capital Ukraine, an affiliate of Alfa Capital Holdings (Cyprus) Ltd., has been operating on the Ukrainian market since 2005.


Press and investor contacts:
Egor Timofeev
Tel: +7 (495) 363-1111
Email: pr@rbc.ru
Web: www.rbcholding.com