OREANDA-NEWS. October 28, 2009. Bank ZENIT has fully and timely repaid its second Eurobond issue (issuer Zenit Capital Plc, ISIN XS0273326685.) in the amount of USD 200 mln together with the last 6th coupon of USD8.75 mn. The 3-year issue took place on 27 Oсtober, 2006 and was bearing a coupon rate of 8.75% p.a.

The first Eurobond issue in the amount of USD125 mn with three-year tenor was redeemed by the Bank in June, 2006. Currently Bank ZENIT does not have any outstanding debt securities nominated in foreign currency.

FOR REFERENCE

Banking Group ZENIT was formed in 2005 as a result of the purchase by Bank ZENIT of a controlling stake in JSB Devon-Credit (OJSC). In 2007, the Banking Group acquired OJSC Lipetskkombank and JSB Sochigazprombank LLC (later renamed into Bank ZENIT Sochi). OJSC Spiritbank (the city of Tula) joined the Group in December 2008. According to the consolidated financial statement of the Banking group for 2008, made in accordance with IFRS, equity capital of the Banking group amounts to RUR 16 765 mn, assets amount to RUR 187 317 mn. The Group provides a full-scale range of banking services in the following areas: comprehensive services to the corporate clients, retail services, private banking, investment banking and interbank business. Banking Group ZENIT is represented in 23 of 83 regions of the Russian Federation; its own retail network consists of 164 points of sale. The Group has created a wide international correspondent network of banking partners, with co-operation from more than 80 international institutions in Europe, America and Asia. Bank ZENIT is currently rated Bа3/Negative by Moody's and B+/Negative by Fitch.