The allocation of the second bonded loan of the "Etalon-LenSpetsSMU"-Holding took place.

26.07.2006

On July 26, 2006, the allocation of the second bonded loan of the "Etalon-LenSpetsSMU"-Holding took place.

The cutoff rate (first coupon rate) at the end of auction made up 11.69%. Accordingly, based on a two-year offer, the rate of the second coupon made up 11.44%, the third 11.19%, and the fourth 10.94%.

From 41 announced requests for the total amount of 2,445,900,000 rubles 20 requests were met. The loan has been allocated in full volume(1,500,000,000 rubles).

The organizer of the loan (OJSC "Bank of Moscow") notes that in adverse conditions at the securities market the issuer succeeded in causing strict competition among the participants of the primary allocation, and due to this fact, got an acceptable rate.

The issuer continues working with investors and besides the limits already opened, is planning in the nearest future to open additional limits to banks for the amount of 400 million rubles. Bank of Moscow promises active support to the security. All this is to be conducted for active circulation of the second bonded loan of the Holding in the secondary market.