Locko-Bank closed order book for RUB 3 bn bond issue BO-07

October 1, 2015, Thursday, LOCKO-Bank successfully closed the order book for RUB 3 bn 10 years BO-07 bond issue. Technical placement of bonds is scheduled for October 5, 2015.
During order book formation period 17 bids to acquire stock bonds were received with first coupon rates varying from 14.00% to 14.50% per annum. LOCKO-Bank supplies 3 million bonds to investors with total demand amounted to 3.68 million bonds.
As a result 1-4 coupon rates for stock bonds were defined at 14.50% per annum (RUB 36.15 per bond). Bonds effective yield to the annual offer was 15.31% per annum.
According to issue documents the par value of the loan is RUB 4 bn with 10 years maturity (3 640 days). Placement will be held by public offering. The placement price is 100% of par (RUB 1 000). Stock bonds of BО-07 series have forty quarterly coupons. Information on issue documents for LOCKO-Bank stock bonds of BО-07 series can be obtained at the Bank’s website and in the Internet.
Loan arrangers: CJSC IC "LOCKO-Invest", “Bank Otkritie Financial Corporation” (Public Joint-Stock Company), PJSC Bank Zenit, PJSC “Sovcombank”.
Technical placement agent: Joint-Stock Company “LOCKO-Bank “.
Pavel Voznesenskiy, Deputy Chairman of the Executive Board, commented:
"Thanks to the new primary transaction, we have seen once again that, despite the continuing tensions in the banking system, LOCKO-Bank bonds perform stable investment demand from various investors - banks, management and investment companies. We thank all the participants and arrangers of the deal and intend to maintain the status of a reliable issuer, who offers to the market only interesting and marketable debt securities issues."