Closing of the Order Book under Commercial Paper Series BO-01 Issuance

On April 9, 2010, the order book was closed under OJSC Bank Saint Petersburg commercial paper series BO-01 issuance with a nominal value of R5 billion and a put option one and a half years after the date of issuance commencement. 

Over the course of book building, applications were submitted by 88 investors, with coupon rates ranging between 7.40% and 8.90% annually while overall demand amounted to R 18 598 million.

Based upon the book building results, OJSC Bank Saint Petersburg decided to set the coupon rate on the bonds at 8.10% annually. Given the market situation, cost of placement, coupon rates on the bonds and existing demand, OJSC Bank Saint Petersburg has decided to satisfy 80 investor applications. Proceeds from the issuance will be used to finance lending to real-sector businesses, as well as to bolster the Bank’s consumer lending and ongoing operations.

Settlements under the bond issuance will take place on the MICEX Stock Exchange on April 13, 2010.

Lead Arrangers: VTB Capital, Troika Dialog
Co-Arrangers: Nomos, MBRR
Underwriter: Derzhava
Co- Underwriters: Investtorgbank, Baltinvestbank