Early April LenSpetsSMU CJSC is going to allocate a CLN issue in the amount up to $150 million.

03.04.2007

Early April LenSpetsSMU (CJSC) is going to allocate a Credit Linked Note (CLN) issue in the amount of $100-150 million. The note cerculation period is 5 years, a 3-year long put option is foreseen. The aproximate issue income is about 9.00-9.50% a year. The payments will be made via Euroclear/Clearstream systems. The final issue parameters will be determined after Road Show that will take place late March – early April at the main financial centers of Europe and Asia.

The issue orginizer is AKB “ROSBANK”.

Proceeds received from the Credit Linked Note allocation will mainly be directed for finacing deals on buying ground plots for building construction.

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