Zaporizhzhya City Council Fulfills its Obligations on Redemption of Series D Bonds and Pays out Interest Income on Series D and E

Zaporizhzhya City Council to have taken place in 2005, informs that the Issuer has, in full and in due terms, fulfilled its obligations to investors on payment of nominal value for bonds of series D at redemption in the amount of UAH 20 mln, and paid out interest income for the last 8th interest period on bonds of series D and Å. Interest payments amounted to UAH 63.33 per series D bond and 66.08 per series E bond respectively.

E series bonds of Zaporizhzhya City Council with nominal value of UAH 10 mln are still outstanding.

Basic parameters of issue:

• Volume of emission: UAH 75 mln, four series (series  – UAH 25 mln, series Ñ – UAH 20 mln, series D – 20 mln, series Å – UAH 10 mln);
• Public (open) offering;
• Circulation of bonds – from 12.07.2005, redemption of series  bonds – on 10.07.2007, series Ñ – on 08.07.2008, series D - on 07.07.2009, series Å – on 06.07.2010);
• Par value per bond: UAH 1 000;
• Interest income for circulation period of each series made up 10.5 % p.a. for series B, 11.0 % p.a. for series C, 11.5 % p.a. for series D, 12.0% p.a. for series E;
• No premature sale of bonds;
• Underwriter: UkrSibbank;
• Paying agent: UkrSibbank;
• Depositary: OJSC “MFS”.

Reference:

Zaporizhzhya is one of the biggest cities of Ukraine with the population of over 782 000 people. The main industries include metallurgy, machine building and food industries. Their aggregate share in the total industrial output makes up 73.9 % (37.6%, 27.6% and 8.7% respectively).

The city revenue budget for 2009 is approved at UAH 1778.0 mln, including for general fund - UAH 1393.1 mln and special one – UAH 384.9 mln. The city expenditure budget for 2009, as amended, is approved at UAH 1790.2 mln, including for general fund - UAH 1415.3 mln and special one – UAH 374.9 mln.

Zaporizhzhya City Council has made 6 issues of local bonds.

Credit history of Zaporizhzhya dates back to 1996. Since then the City Council has made six issues of local bonds for the total amount of UAH 152.0 mln. The fund-raising was aimed at financing construction projects, developing city infrastructure and implementing social and economic programs. As of 07.07.2009 the Issuer has no overdue bonds. The bond income payment and principal repayment have been made in full and in due terms.

JSCIB “UkrSibbank” (www.ukrsibbank.com) was registered on June 18, 1990. The Bank has a full NBU license on banking ¹ 75 of December 24, 2001. AS of 01.06.2009: net assets – UAH 50.0 bln, capital – UAH 5.7 bln, loan and investment portfolio makes up UAH 42.8 bln, corporate customers’ funds – UAH 7.2 bln, individuals’ funds – UAH 8.0 bln. Regional network currently amounts to more than 930 branches and outlets throughout Ukraine. 75.5% of shares of JSCIB “UkrSibbank” are held by BNP Paribas Group.

BNP Paribas (www.bnpparibas.com) is a European leader of international banking and financial market and one of the six largest banks in the world according to the Standard & Poor’s Rating Agency. The Group is operating in more than 85 countries, and its headcount exceeds 173 000 employees, including 132 700 of them working in Europe. The Group holds top positions by developing key directions: corporate and investment banking, asset management and retail banking. The Group is represented in Europe in all key business streamlines, and major internal markets for retail banking services are Italy and France. BNP Paribas occupies leading positions in the USA as well as in Asia and emerging markets.

For comments, please contact the Press office of JSCIB «UkrSibbank» Tel. (044) 201-22-71 or by e-mail: T_Shikerjavaja@ukrsibbank.com Telephone of inquiry office: 8-800-5005-800

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