Egidaco launches program to repurchase some eurobonds at discount

By Jennifer Chiou

New York, Aug. 26 - Egidaco Investments plc announced the launch of an up to €5 million program to purchase its eurobonds.

The company said that this limited-time offer has the following conditions:

• The target price is from 60% of the nominal value of the bonds after amortization;

• Potential sellers should communicate their intentions by Sept. 8 via e-mail (Oliver Hughes at o.hughes@tcsbank.ru or Ilya Pisemsky at i.pisemsky@tcsbank.ru); and

• Offers of sale will be satisfied on a best-efforts basis.

Egidaco is the Stockholm-based parent company of Tinkoff Credit Systems Bank, a Russian monoline bank specializing in the issuing and servicing of credit cards.

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