OREANDA-NEWS. October 16, 2009. Joint-Stock Commercial Bank "Investment Trade Bank" (Open Joint-Stock Company) successfuly placed its 4th bond issue at MICEX for the amount of RUR 1.5 bln (state registration number - 40402763B, the issue is registered by the Central Bank of the Russian Federatiom on May 5, 2009), reported the press-centre of Investment Trade Bank.

The total issue amount was fully placed during the auction.

The total issue amount is RUR 1.3 bln. The bond maturity - 3 years. The number of coupon periods - 6, the put option - in 12 months from the placement's day. The 1st coupon rate is determined at the rate of 14,5% p.a., the 2nd coupon rate is to be equal to the 1st coupon rate.

The main participants of the bond issue syndicate:
OJSC "Credit Bank of Moscow", JSC Commercial Banl "Center-Invest", "Vneshprombank " Ltd, OJSC " BaltinvestBank, Commercial Bank "Sudostroitelny Bank" (LTD), JSC "Krayinvestbank", "MI-BANK" (OJSC) etc.

The Bank is planning to use the funds derived from the new bond issue placement for further development of regional network and strengthening of its market positions on the market of loans to corporate clients.

The plans are to include the 4th bond issue in the Lombard list of the Central Bank of the Russian Federation.

Despite the difficult situation in the Russia's banking sector, OJSC "Investtradebank" has shown steady growth and expansion of banking business for the first nine months of 2009. The total assets of the bank increased up to RUR 73.64 bln, and the equity amounted to RUR 9.93 bln.