CB LOCKO-Bank (CJSC) place exchange bonds for 3 bn roubles were placed at MICEX.

Public offering took place though the collection of orders from buyers for the purchase of exchange bonds at fixed price and coupon rate for the first coupon period.

The Bank set interest rate of the first coupon at 10,75% per annum following the collection of orders from buyers. Second coupon interest rate was also 10,75%. Interest rate of the remaining coupons will be set by the Bank after the placement of exchange bonds is complete.

LOCKO-Bank exchange bonds BO-03 series shall start circulating at MICEX on August 15, 2012.

The arrangers of the issue are “NOMOS-BANK” (JSC), CJSC Raiffaisenbank, JSC Promsvyazbank, JSC Bank ZENIT. LOCKO-Bank exchange bonds BO-03 series is available for trading at MICEX on January 14, 2011, ID No 4B020302707B. NOMOS-BANK (JSC) is the technical underwriter of the issue.

At the moment two bonds issues 05 series (2,5 bn roubles) and BO-01 series (2,5 bn roubles) are currently in circulation. All issues of Bank’s bonds are traded in MICES quoting list “A" of the first level and are also included in CBR Lombard List and the CBR list of securities accepted as collateral for direct REPO transactions.

The documents on the issue may be found at the following link