Bank ZENIT Exercised Buy-Back Option Relating to IV Bonds Issue
OREANDA-NEWS. On April 08, 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, reported the press-centre of Bank ZENIT.
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/.
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