15 Feb 2010 18:10

Bank Zenit to place 3 exchange bond issues

MOSCOW. Feb 15 (Interfax) - The board of directors at the bank Zenit has decided to place three exchange bond issues, 5 billion rubles each in series BO-01 and BO-02, and 3 billion rubles in series BO-03, the bank said.

The bonds in all three issues have 1,000 rubles face value; the first two issues consist of 5 million and the third issue of 3 million individual bonds. All three series are planned for placement in open subscription and each will circulate for three years.

The bank currently has 9 billion rubles worth of series-3, 4, and 6 bonds in circulation.

Zenit ended 2009 in 22nd place by assets on the Interfax-100 ranking of Russia's biggest banks.