Ural Bank for Reconstruction and Development Finance declares coupon rates on bond issue

Ural Bank for Reconstruction and Development Finance (a daughter enterprise fully owned by the Ural Bank for Reconstruction and Development) declared the interest rates on the 9th, 10th, 11th, and 12th coupons of its second three-year bond issues. The coupon rates will thus come to 12.5% a year, or 31.16 RUR per each 1,000-ruble bond. The issuer will have to pay a total of 31.16 million RUR on each coupon period.

After the 8th coupon payments are made on July 3, 2008, an offer will be provided for the bondholders. The bonds are to be fully retired on July 2, 2009.

The bondholders will receive their 9th coupon yield on October 2, 2008, their 10th coupon yield on January 1, 2009, their 11th coupon yield on April 2, 2009, and their 12th coupon yield on July 2, 2009.

‘The interest rate we declared for the upcoming coupon periods was determined by the current state of the market: we considered the yield of bonds issued by banks that are comparable with ours in terms of scale and development,’ says the Ural Bank for Reconstruction and Development’s Investment Services Director Vladimir Zotov.


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