Fitch: Locko bonds B+, A-(rus)

Fitch Ratings said it has assigned Locko-bank's (B+/stable) RUB 4 billion BO-02 bonds issue due Feb. 11, 2016 a final rating of B+ and national long-term rating of A-(rus) with a recovery rating of RR4.

First and second coupons were priced at 10.4%.

The agency added that the bonds have a put option after one year, and the proceeds will be used to fund Locko's core business.

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