LenSpetsSMU’s bonds included on Bank of Russia Lombard List


Under the resolution of the Board of Directors of Central Bank of Russia (minutes of Central Bank of Russia board meeting dated 12.03.2010 No.4) CJSC SSMO LenSpetsSMU’s 01 series bonds (issue reg.4-01-17644-J) were included in section V.2 of the Bank of Russia Lombard List. The resolution shall be in effect from its issuance in the Bank of Russia Bulletin (No.18 (1187) dated 31.03.2010).

Inclusion of LenSpetsSMU’s bonds into the Bank of Russia Lombard List was widely-anticipated by investors and had the effect of substantially increasing the quotations and volume of concluded transactions on the secondary market.

Apart from the Bank of Russia Lombard List, since 2008 LenSpetsSMU has also been included on the Bank of Russia List of Organizations (list of companies whose bills and indebtedness could be accepted by Central Bank of Russia as security for credit given to the commercial banks).


The bonded loan of 01 series for the amount of 2.0 bn rubles was placed on 23rd December 2009 for a 3-year term. The structure of the loan does not provide for any offers (put options).

The arrangers of the loan are OJSC Alfa-Bank and OJSC Promsviazbank.

The placing of LenSpetsSMU’s bonds was the only example of its kind in the construction industry in 2009.

Standard & Poor’s rating agency assigned this bond issue a credit rating of ‘B’ according to the international scale.

On 31st March 2010, CJSC SSMO LenSpetsSMU’s bonds were included in the Bank of Russia Lombard List (letter of Central Bank of Russia dated 23.03.2010 No.35-T, published in Bank of Russia Bulletin No.18 (1187) dated 31.03.2010).


Natalia Menzel, Head of Public Relations

tel. (812) 348-21-25, e-mail: menzel_n@lenspecsmu.ru

Viktor Vasenev, Deputy CFO

tel. (812) 348-09-95, e-mail: vasenev_v@lenspecsmu.ru