OREANDA-NEWS. June 11, 2010. The Board of Directors of Bank Petrocommerce approved a resolution to distribute two ruble denominated bond issues: 08 series bond issue with the total par value of RUR 5 bln and БО-01 series commercial paper issue with the total par value of RUR 3 bln.

The 08 series bond issue is expected to comprise 5 million interest-bearing documentary bonds to the bearer subject to mandatory centralized custody, each of RUR 1,000 par value. The tenor of the bonds is 3,660 days (10 years). 08 series bonds will have 20 coupon periods, with the duration of 183 days (6 months) each.

БО-01 series commercial paper issue is expected to comprise 3 million interest-bearing documentary papers to the bearer subject to mandatory centralized custody, each of RUR 1,000 par value. The tenor of the issue is 1,092 days (3 years).

Currently, there are 4 outstanding bond issues of 04, 05, 06 and 07 series totaling RUR 14 bln. All bond issues are included in the Lombard list of the Central Bank of Russia as well as are quoted on the Moscow Interbank Currency Exchange (MICEX Exchange) in A1 Quotation list of the first level (excluding the 05 series bond issue).