News and Press Releases

16 July 2008

JSC VTB Leasing Finance placed a full volume of its Series 02 ruble-denominated bonds

On July 15, 2008 JSC VTB Leasing Finance placed its Series 02 bond issue (guaranteed by JSC VTB Leasing) at Moscow Interbank Currency Exchange (MICEX). This issue consists of non-convertible interest-bearing documentary bearer bonds with mandatory centralized custody with total par value of 10 billion rubles. Series 02 bonds have maturity of 7 years. A general shareholder meeting of JSC VTB Leasing Finance has adopted a decision on buyback of bonds issued by JSC VTB Leasing Finance (Series 02) from their holders during the last 10 (ten) calendar days of the 4th coupon period. Total number of bonds to be bought out is 10,000,000 (ten million) bonds (the “1-year Offer”).

Interest rate payable by the bond for coupon periods 1 to 4 inclusive was set using an auction at the time of bond placement. Resulting interest rate was set at 8.90% p.a. (or 22.19 rubles per bond). Interest rates for further coupon periods will be determined by the issued later.

All bonds of the Series 02 issue were placed during the first day of the placement.

Bond issuance was organized by OJSC VTB Bank and JSC Deutsche Bank; OJSC VTB Bank is the placement agent and the payment agent of the issue; National Depositary Center (NDC) is the issue’s custodian.

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