LenSpetsSMU fulfills its redemption obligations for a coupon of the БО-02 series exchange bonds


On 26 August 2010, LenSpetsSMU fulfilled its obligations to investors for the redemption of the 1st coupon of the exchange bonds of БО-02 series (reg. 4B02-02-17644-J dated 12.04.2010) in full and on time.

In total 72.3 mn rubles was paid off, at a rate of 36.15 rubles per one bond, which equals 14.50% annual coupon rate.

As of 30 August 2010 exchange bonds series БО-02 were traded at a price of 107.10% above par, that the duration of 1.75 years corresponds to yield 10.86% per annum.


The exchange bonds series БО-02 for the amount of 2.0 bn rubles was placed on 27 May 2010 for a 3-year term. The structure of the loan does not provide for any put options.

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

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

LenSpecSMU’s exchange bonds БО-02 series are included in the list of securities accepted in the provision of direct REPO transactions by the Central Bank of RF.

In addition to the list of direct REPO, since 2008 LenSpetsSMU has been included on the Bank of Russia List of Organizations (a list of companies whose bills and indebtedness can be accepted by Central Bank of Russia as security for credit given to commercial banks), and since 2010 also in section V.2 of the Bank of Russia Lombard List.

The paying agent of the loan is Promsviazbank (OJSC).


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