CJSC SSMO LenSpetsSMU discharges its obligation to pay the second coupon under its series 02 bond-secured loan

19.06.2013

On 18 June 2013, with respect to the series 02 CJSC SSMO LenSpetsSMU bond-secured loan (state registration number 4-02-17644-J), the obligations entailed in paying the 2nd coupon were discharged in full and on time.

A total of RUB 160.8 mln in coupon yield was paid, calculated on the basis of RUB 32.16 per bond (12.9% per annum).

As of 17.06.2013, 02 series bonds were trading on the MICEX Stock Exchange at 107.01% of par value which, at a duration of 2.8 years, represents an annual yield of 10.89%.

REFERENCE:

The series 02 CJSC SSMO LenSpetsSMU bond-secured loan (state registration number 4-02-17644-J dated 20 November 2012), totaling RUB 5.0 bln, was placed on 18 December 2012 for a term of 5 years without any offer (put-option), and with an amortised repayment schedule and quarterly coupons at the amount of 12.9% per annum. As of 16 January 2013, trading commenced on the MICEX Stock Exchange for the circulation of series 02 CJSC SSMO LenSpetsSMU bonds.

On 22 November 2012, Standard & Poor’s rating agency has assigned a credit rating of ‘B’ according to the international scale for this bond issue.

In February 2013, series 02 CJSC SSMO LenSpetsSMU bonds were added to the Bank of Russia’s Lombard list.

In April 2013, series 02 CJSC SSMO LenSpetsSMU bonds were added to the Quotation list A Level 1.

Aside from the Lombard list, series 02 CJSC SSMO LenSpetsSMU bonds are included on the list of securities cleared as security under direct REPO trades.

The arrangers of the loan are OJSC Alfa-Bank, OJSC Promsvyazbank and CJSC Raiffeisenbank. NSD CJSC NRD, as the depositary administering the mandatory centralised storage of the certificate of issue for series 02 CJSC SSMO LenSpetsSMU bonds, is responsible for the transfer of bond payments to its depositors.

CONTACT DETAILS:

Yana Yashchenko

Deputy CFO

+7 (812) 348-09-95

Yana.Yashchenko@etalongroup.com