New Issue: Russia's AK BARS upsizes 10¼% notes sold for cash to $205.86 million

New York, Dec. 4 - AK BARS Bank subsidiary AK BARS Luxembourg SA upsized its sale of 10¼% loan participation notes due 2012 for cash to $205,859,000 from $125,859,000.

The bank also issued $74,141,000 in exchange for some of its $250 million of 8¼% loan participation notes due 2010.

Settlement for the notes sold for cash was Dec. 3.

Credit Suisse is the dealer manager.

AK BARS is a bank based in Kazan, the Republic of Tatarstan, in Russia.

Issuer:	AK BARS Luxembourg SA
Issue:	Loan participation notes
Amount:	$205,859,000 (for cash), $74,141,000 (in exchange for existing notes)
Maturity:	2012
Dealer manager:	Credit Suisse
Coupon:	10¼%
Price:	Par
Rating:	Fitch: BB
Settlement date:	Dec. 3 (cash sale), Dec. 9 (exchange)

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