CB "LOCKO-Bank" (CJSC) posted bond issue BО-05 for RUR 3 bn

On July 23, 2013 CB "LOCKO-Bank" (CJSC) posted 5-years bond issue БО-05 series with the total par value of RUR 3 bn (identification No. 4В020502707В of 20.06.2013). Placing took place at ZAO "MICEX Stock Exchange" by public subscription in the form of "bookbuilding".

On July 19, 2013 LOCKO-Bank closed the order book for acquisition of stock bonds BО-05 series for RUR 3 bn. During order book formation period over 30 bids to acquire stock bonds were received with first coupon rates varying from 8.85% to 9.10%. Total demand exceeded RUR 4.2 bn.

During its marketing campaign LOCKO-Bank decided to reduce initially voiced indicative coupon rate from 8.85-9.10%% to 8.85-9.00%%. In the result first coupon rate for stock bonds was defined at 9.00%. Bonds effective yield to the semi-annual offer made 9.20% per annum.

"Placing BО-05 series bonds we together with arrangers got yet another evidence that LOCKO-Bank’s debt instruments much owing to the securities’ liquidity unprecedented to our echelon had stable demand from other market participants. We do quite a lot to have investors see interesting to them ideas in our debt curve. A day before we offered to the market a 2-years issue of LOCKO-Bank bonds, today we placed a shorter, six-month instrument. This transaction is yet another step to built long-term and transparent relations with the holders of LOCKO-Bank bonds, and we are grateful to all thirty three banks and companies who participated in the transaction", – noted Pavel Voznesensky, Deputy Chairman of the Executive Board of LOCKO-Bank.

According to issue documents the par value of the loan is RUR 3 bn with 5 years maturity. Stock bonds of BО-05 series have ten semi-annual coupons. Execution of the offer for stock bonds of the said issue is scheduled for January 24, 2014. Information on issue documents for CB «LOCKO-Bank» (CJSC) stock bonds of BО-05 series can be obtained at the Bank’s web-site and in the Internet.

Loan arrangers: CJSC IC "LOCKO-Invest", OJSC Bank ZENIT, OJSC "Promsvyazbank".
Co-arranger: OJSC "URALSIB".
Technical placement agent: OJSC Bank ZENIT.