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2006 year
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29.03.06
Absolut Bank announces successful placement of its debut Loan Participation Notes
On 28 th of March, 2006 Absolut Bank announced successful placement of its
debut Eurobonds issue. The issue amount was considerably oversubscribed and
comprised USD 150 million with 8,75% coupon and three years tenor. Sole lead
manager and bookrunner of the issue was Merrill Lynch International.
75 investors took part in this transaction. The book was allocated through
investment managers (37%), private banks (31%), other banks (26%) and hedge
funds (6%). Geography of the issue is UK & Ireland (24%), Switzerland (11%)
and other European (31%), CEEMEA (16%) and Asian (19%) countries.
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