Egidaco Investments plc, the parent company of TCS Bank, announces an Early Redemption of the Eurobond
Egidaco Investments plc ("Tinkoff"), the parent company of "Tinkoff Credit Systems" Bank (TCS Bank), announced today an Early Redemption of the Eurobond in accordance with the terms and conditions of the Bond. The Notice Period is 30 days.
The nominal amount of Tranche A of the Eurobond at the time of Redemption will be EUR 37.204.866,00. Accrued interest on the Redemption date will be EUR 528,093.48. The Record Date will be 16 July and the Early Redemption will occur on 23 July, after which Tranche A of the Bond will be redeemed in full.
On behalf of the Shareholders and the Company, we would like to thank all of our investors for their belief and support In Tinkoff. Business is developing very well and we look forward to working with you in the future. We will keep you updated on our progress, and will also keep you fully informed of future funding rounds.
Best regards from the Tinkoff Team.
For further details please contact:
Oliver Hughes, President
tel: +7 495 648 1000
e-mail: o.hughes@tcsbank.ru (o.hughes@tcsbank.ru)
Ilya Pisemsky, CFO
tel: +7 495 648-1000
e-mail: i.pisemsky@tcsbank.ru (i.pisemsky@tcsbank.ru)
Bank 'Tinkoff. Credit Systems' is Russia's first monoline bank, specialising exclusively on the issuing and servicing of credit cards. The bank was founded by the famous Russian entrepreneur, Oleg Tinkov. In October 2007, the international investment bank Goldman Sachs became a shareholder. In September 2008, Vostok Nafta Investments Limited also became a shareholder.
TCS Bank uses modern CRM and risk management systems. The bank employs a remote service model, providing virtual banking services of the highest quality to its customers. Service is provided to customers through a sophisticated Call Centre, Internet, SMS banking and by mail through the Russian Postal system. The combination of a narrow focus with a hi-tech approach gives the bank a distinct competitive edge in the rapidly growing Russian credit card market.