Fitch: Locko-bank bond B+

Fitch Ratings said it assigned Locko-bank's RUB 2.5 billion exchange bond issue BO-01 due Feb. 6, 2014 a final long-term rating of B+ and national long-term rating of A-(rus) with a recovery rating of RR4.

The first and second coupons were priced at 8.5%. The bonds have a put option after one year.

Locko-bank is a mid-sized Moscow-based bank, ranked 74th by assets at the end of 2010.

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