Bank ZENIT Exercised Buy-Back Option Relating to Issue IV Bonds
April 8, 2008
On April 8, 2008, OAO Bank ZENIT executed the buy-back option relating to Issue 4 bonds (individual state registration number of issue 40403255B dated February 20, 2007). As per the buy-back offer, OAO Bank ZENIT purchased 90 000 (ninety thousand) bonds or 3% of the total loan.
Three billion ruble ZENIT bond loan 4 with a maturity of three years was distributed by auction on the MICEX exchange. The auction set the coupon rate at 8.13% p.a. for coupon periods one and two. On March 24, 2008, OAO Bank ZENIT set the interest rate for coupon 3 at 9.9% p.a. The buy-back option for this issue will be exercised for the second time on October 8, 2008.
Issues 2, 3 and 4 of ZENIT bonds were included in A Level 1 Quotation List of ZAO Stock Market MICEX.
On October 15, 2007, issues 2, 3 and 4 of ZENIT bonds were included in Bank of Russia's Lombard List. This entitles bondholders to borrow up to 120 day loans from the Bank of Russia using ZENIT bonds as security in REPO transactions on ZAO MICEX's Organized Market for State Securities.
OAO Bank ZENIT was the arranger, underwriter and payment agent of its bond loans.
See documents covering the issuance data of Bank ZENIT's bonds at http://www.zenit.ru/investserv/attract/2007/.
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.
Bank Group ZENIT's Press Service
phone: +7 (495) 937 07 37, +7 (495) 777 57 07,
e-mail: info@zenit.ru
Back to the news list
|
