Bank ZENIT's Bond Reassigned to A1 Quotation List of MICEX Stock Exchange
On January 29, 2008, Bank Zenit's Issue II, III, and IV bonds were included on ZAO MICEX SE' A1 Quotation List.
Earlier, on January 23, 2008, the Directorate of MICEX SE decided to move Issue II (state registration number 40203255B dated April 15, 2005, Security ID RU000A0GNER0), Issue III (state registration number 40303255B dated September 05, 2006, Trade Code RU000A0JNUT6) and Issue IV (state registration number 40403255B dated February 20, 2007, Trade Code RU000A0JP5K9) of OAO Bank ZENIT's bonds from A2 Quotation list of ZAO MICEX SE to AI Quotation List of ZAO MICEX SE.
On October 15, 2007, ZAO MICEX permitted trading in OAO Bank ZENIT's Issue II, Issue III and Issue IV bonds on the Organized State Securities Market. This allows bondholders to get funding from the Bank of Russia using OAO Bank ZENIT's bonds as security in REPO transactions on ZAO MICEX's Organized State Securities Market.
Bank ZENIT's Issue II 2.0bn ruble 3-year bond loan was distributed on MICEX SE on February 14, 2006. Coupon rates were established competitively at 8.39% per annum for the entire bond life.
Bank ZENIT's Issue III 3bn ruble 5-year bond loan was distributed on MICEX SE on November 15, 2006. Coupon rates were established competitively at 8.45% per annum for the first year of bond life. The third coupon rate was established at 9.50% per annum.
Bank ZENIT's Issue IV 3bn ruble 3-year bond loan was distributed on MICEX SE on April 4, 2007. Coupon rates were established competitively at 8.13% per annum for the first year of bond life.
FOR REFERENCE:
Banking Group ZENIT relies on state-of-the-art banking technologies to offer a full scale of banking services to corporate and retail customers. According to Bank Group's IFRS consolidated accounts for the first half-year of 2007, it had US$675 mln in equity and US$5.53 bn in assets.
Members of the Banking Group:
OJSC Bank ZENIT (www.zenit.ru) is one of the country's 25 leading private finance and credit institutions in terms of assets, profit and equity (according to Rosbusinessconsulting and Expert RA Rating Agency). Provision of integrated corporate banking services is one of its core areas of operations. Bank ZENIT is actively involved in development and promotion of retail services, and offers its individual customers the full range of banking programs, including deposits, mortgage, consumer and car loans, bank cards, and safe deposit boxes. The Bank also has strong positions in the market for investment and private banking services. Bank ZENIT is rated by international rating agencies at Ba3/Stable (Moody's) and B/Positive (Fitch).
JSB "Devon-Credit" (OJSC) was established in 1992. Today it is one of the best retail and corporate banks in the Republic of Tatarstan. In 2005 OJSC Bank ZENIT and JSB "Devon-Credit" (OJSC) formed a Banking Group.
OJSC Lipetskkombank started up in 1964 as a municipal division of the State Bank of the USSR in the city of Lipetsk. In 1990 it was registered as a social development/construction commercial bank named Lipetskkombank. It joined Banking Group ZENIT in 2007.
Bank ZENIT Sochi (LLC) was founded in 1990 to provide a full spectrum of banking services. It joined the Banking Group ZENIT in 2007.
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