Bank ZENIT discharged an offer pertaining to the bonds of the third issue
On May 16, 2008, OJSC Bank ZENIT discharged an offer pertaining to the third issue of the bonds (individual state registration number of the issue 40303255B as of September 5, 2006). As a part of the offer, OJSC Bank ZENIT purchased 117,000 (one hundred seventeen thousand) bonds, which makes up 3.9% of the total volume of the loan. As soon as the offer was discharged, the purchased bonds were re-sold to the market investors, as a result of which the issue of the bonds is entirely in circulation.
The underwriting of the third bonded loan by OJSC Bank ZENIT to the amount of 3 bln. rubles and with the maturity date in 5 years took place as of November 15, 2006, on the MICEX Stock Exchange. Following the results of the contest, the following coupon rates were set at 8.45% APR for the 1st and 2nd coupon periods. The rate of the 3rd coupon was defined as of November 2, 2007, to the amount of 9.5%. On April 30, 2008, OJSC Bank ZENIT defined the rates of the 4th and 5th coupons to the amount of 9.9% APR. The discharge of the next (third) offer in respect of the given issue will be effected as of May 15, 2009.
The bonds of OJSC Bank ZENIT of the second, third, fourth issues were put onto the Quotation list of MICEX SE "A" (second level). The bonds of OJSC Bank ZENIT of the second, third, fourth issues have been put onto the Lombard list of the Bank of Russia since October 15, 2007. The present opportunity allows the holders to receive finance from the Bank of Russia for the period up to 120 days on security of the bonds of OJSC Bank ZENIT, by effecting REPO transactions in the Organized market of the public securities of CJSC MICEX.
OJSC Bank ZENIT is the arranger, underwriter and paying agent of the issues.
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