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SDM-Bank Places RUB 1.5bn (c. USD 48.98mn) Debut Ruble Bond Issue


March 1, 2013 SDM-Bank successfully completed its first domestic Bond Issue.

Access to capital markets forms a core element of SDM-Bank's strategy.

With the successful initial placement, we have significantly broadened our institutional stakeholder base. 38 domestic institutional investors participated in the placement. The placement saw a healthy oversubscription, generating RUB 2.4 bn demand from investors.

According to Maxim Solntsev, SDM-Bank's CEO, "We look forward to enhancing our capital markets capabilities and would like to thank all the institutions who have chosen to participate in the issue. We also would like to thank the EBRD for its continued support in SDM-Bank's development and our book runners and placement syndicate who enabled the placement of our first bond issue in domestic markets."

About the Bond Issue

SDM-Bank priced and allocated RUB 1.5bn series 01 bond issue.

Nominal value issue size is RUB 1.5 bn. with a 3 year maturity with an initial annual coupon rate of 12.4%. Based on book closing results February 27, 2013, the issuer decided to set the first annual coupon rate of 12.4 %. During the book building exercise the annual interest rate price ranged between 11.9-12.75 %.

The 12.4% coupon rate is applicable to the first and second year of maturity. The interest rate for the final year to maturity will be set according to the bond issue prospectus.

Investors generated RUB 2,407.8 mln demand for the RUB 1,500 mln placement.

On March 1, 2013 series 01 bond issue was allocated by public subscription through MICEX trading and settlement systems, with mandatory safekeeping in National Settlement Depository.

ZAO Raiffeisenbank and Otkritie Bank were the lead managers of the allocation.

Placement Syndicate included:

Co-managers: The joint-stock Bank "ROSEVROBANK";

Underwriters: Joint Stock Commercial Bank Avangard, Commerce Investments LLC, ZAO «Mosstroyeconombank», The Open Joint-Stock Company Moscow Securities Center, Joint Stock Commercial Bank «Rosinterbank», ZAO Nefteprombank;

Co-underwriters: JSC Pervobank, NBD Bank, Bank Ural FD, Finansovy Dom, Bank «FORSHTADT», «Asian - Pacific Bank» (OJSC), JSC M2M Private Bank, Ingosstrakh - Investments Asset Management, "NZBANK", BCS Ltd., OAO AIKB Tatfondbank.

Disclaimer: Terms and Conditions of the Bond issue are disclosed in the Russian language placement documents. This press release is for informational purposes only and should not be relied on for conditions or pricing information. Only Russian language regulatory and placement documents should be relied on for terms and conditions.