ZENIT's Second Bond Issue Placed in Full
The second issue of Bank ZENIT's 3-year bonds totalling RUR2 billion was placed at MICEX in 14 February 2006 (Issue State Registration Number 40203255B, dated 15 April 2006). The issue was placed in full.
The auction held to set the first coupon interest rate attracted 44 bids totalling RUR2.7 billion, with coupon rates ranging from 6.00% to 8.50% p.a. The coupon rate fixed as a result of bidding is 8.39% p.a. for the entire bond circulation period. The effective yield to maturity is 8.56% p.a.
Bank ZENIT is the issue arranger, underwriter and payment agent. The placement syndicate includes International Moscow Bank, CJSC NOMOS-BANK, and Kapital Investment Company as co-arrangers, and CJSC Dresdner Bank, OJSC INVESTSBERBANK, LLC NOOSFERA Financial Company, and LLC SLAVINVESTBANK.
Bank ZENIT placed its first bond issue on 25 March 2004. The issue totalling RUR1 billion was placed for the period of 3 years with a 1-year offer. The coupon rate for the first year of circulation was 8.69%. In March 2005, Bank ZENIT successfully implemented the offer, and the coupon rate for the second year of circulation was 8.50%. The second offer for the bonds of the first issue shall be implemented on 24 March 2006.
Documents relating to the issue of ZENIT's bonds are available at: http://www.zenit.ru/investserv/attract/
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