The Bank of Moscow has fully placed the bonds issued by the OAO Commercial Bank "MIA"

On July 24, 2008, the Bank of Moscow fully placed the fifth bonded loan of the OAO Commercial Bank "MIA" (OJSC) on the Moscow Central Stock Exchange. The loan amount was RUR 2 billion, the circulation period of the bonds is 6 years. The first coupon rate was determined by the issuer based on the results of the auction at a rate of 10.3% per annum. The rates of the second, third and forth coupons are equivalent to the first coupon rate. The duration of the coupon period is 91 days.

An offer is provided a year after the date of placement. The inclusion of the bonds onto the Lombard List of the Russian Central Bank (the first three issues of the issuer are included onto the Lombard List, the forth is in the process of being included) as well as onto the À 1 quotation list of the Moscow Central Stock Exchange.

The loan manager is the Bank of Moscow, among the co-managers were GazEnergoPromBank, Investment Company "Region". The underwriters were SlavInvestbank and the Moscow Credit Bank, the co-underwriter was Evli Bank Plc.

Reference information on the OAO Commercial Bank "MIA" (OJSC):

The OAO Commercial Bank "Moscow Mortgage Agency" ("MIA") (Open Joint Stock Company) was founded in 2000 and is the arranger and co-ordinator of the mortgage housing credit system in Moscow.

Currently, 100% of stocks of the OAO Commercial Bank "MIA" (OJSC) are owned by the Moscow City Government. In 2007 ÐÀ Moody’s Investors Service assigned to the OAO Commercial Bank "Mia" (OJSC) the long-term Ba2 rating (outlook "stable"), the NotPrime short-term rating on deposits in foreign and national currency and the E+ financial stability rating. The long-term rating of the bank on the Russian scale is confirmed as Àà2.

The OAO Commercial Bank "MIA" (OJSC) is on the list of credit institutions whose surety is accepted to secure obligations under the loans issued by the Russian Central Bank.

Center of public relations, Bank of Moscow
(495) 624-74-40
pr@mmbank.ru

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