The funds under the credit facility will be applied to the partial financing of investment projects in favor of Bulgarian SMEs, thereby reinforcing their operating position and ability to maintain and create jobs.

The bond has the following characteristics: 5-year term; maturity on Dec. 8, 2010; floated coupon-6 month EURIBOR + 3.5%, the principal is payable on 4 equal installments on the dates of the last 4 coupon payments.

“Kirov” AD is one of the biggest companies on the field of import and sales of construction machines, tools and parts. The company was established in 1990 and now has a branch network of 17 stores in 9 cities and more than 180 distributors in over 50 places.

The funds, which will be offered to local investors through the distribution channels of Raiffeisenbank, cover a wide range of portfolio products - bonds and shares – traded on global and regional markets (CEE, CIS and the emerging Asian markets).

There are 7 specialized outlets in Technomarket store chains, where clients may purchase goods with credit card RaiCARD. In 2 hours the client gets an approval for the credit card and gets the good.

The main feature of this product is a flexible scheme for currency transactions for bigger amounts, guaranteed by a collateral deposit.