LOCKO-Bank Exchange Bonds BO-01 are included in CBR Lombard List

Debut 3 year LOCKO-Bank exchange bonds (state registration number of the issue - 4В020102707В) are included in CBR Lombard list (the list of securities accepted as collateral for CBR loans) by the Resolution of the Board of Directors of Bank of Russia. It means that current holders of LOCKO-Bank bonds may be refinanced at Bank of Russia by using such instruments as lombard loans, intraday and overnight loans secured by LOCKO-Bank bonds in circulation. The fact that BO-01 bonds included in CBR Lombard List is an evidence of high yield and reliability of Bank's securities for potential investors.

As of July 2011 the Lombard List is being formed with focus on large business sector and banking sector, therefore only major Russian companies and banks with issuer rating or securities issue rating no less than B+ (S&P and Fitch) or B1 (Moody’s) are listed. Exchange bonds of LOCKO-Bank meet this requirement. On February 21, 2011 the Fitch assigned long term rating "B+" and long term national rating "A-(rus)" and recovery rating “RR4” to LOCKO-Bank BO-01 bonds issue for 2,5 bn roubles.

LOCKO-Bank BO-01 exchange bonds were placed on February 10, 2011. The first coupon rate was 8,5% per annum, at the lower end of the initial range 8,5%-9%. The rate of the second coupon is the same as the first. The sponsors of the issue are NOMOS-Bank and Raiffeisenbank, buy-back offer one year after the placement is included.