The maturity of the bond is 5 years and pays out a semi-annual coupon of 7.00% p.a. The nominal value of a single bond is EUR 1000. This is the second corporate bond, issued by Commercial bank Unionbank AD.

The loans will be granted at very competitive conditions, for a term of up to 12 months and will finance working capital needs.

Following an increase of 3.5 per cent in 2002, the balance sheet total grew by 10.1 per cent to € 572 billion in 2003.

During the first half of 2004, compared with the same period of the previous year, the loan portfolio of Raiffeisenbank (Bulgaria) EAD increased by 60% to BGN 803 Mio., by maintaining a very good quality of assets.

“We are very pleased with the award that was won by Mrs. Marinova, who is one of our best officers. The award is just one more proof of the excellent selection and first-class training of our employees."

The promotion is valid until 30 September 2004.