Bank Petrocommerce Distributes Fifth Bond Issue Totaling RUR 5 bln at 12.75 per cent p.a.

On 17 December 2009, Bank Petrocommerce made a complete placement of 5-year ruble denominated bond issue of 05 series at par value of RUR 5 bln.

On the issue date, 126 bids were advanced totaling RUR 8,176 mln with the price guidance of 11.49-13.25 per cent p.a. The majority of bids was advanced at 12.70-12.75 per cent p.a.

The first coupon interest rate was determined at 12.75 per cent p.a. (i.e. RUR 63.92 per bond), the interest rate of the second — sixth coupon payments is equal to that of the first coupon payment. The interest rates of the other coupon payments will be determined by the issuer additionally.

A 3-year put option at par value is embedded in the terms and conditions of the issue. The effective yield of the bonds at the triennial redemption is 13.15 per cent p.a.

The following financial institutions took part in the bond distribution: - Arranger — Bank Petrocommerce, - Co-arranger — Globexbank, - Underwriters — Bank URALSIB, Promsvyazbank, Metcombank, Moscow Industrial bank; - Co-underwriters — Development Capital Bank, NOMOS-BANK, Lanta-Bank, Finprombank, SOTSGORBANK, URSA-Capital, SKB-Bank, LOCKO-Bank, Bank ZENIT, NOVICOMBANK, Asian-Pacific Bank, Kapital Investment Company, First United Bank.