Ural Bank for Reconstruction and Development-Finance Ltd. pays 27.42 million RUR on coupon maturity date

Ural Bank for Reconstruction and Development-Finance Ltd. (a daughter enterprise fully owned by the Ural Bank for Reconstruction and Development) paid 27.42 million RUR on the maturity date of the fourth coupon (that is, July 5, 2007). This was the company’s second series of three-year bonds, their press office reports. Each bond with face value of 1,000 RUR got 27.42 RUR, which amounts to the annual 11%.

The one-billion-ruble issue was available at MICEX on July 6, 2007, with the first coupon annual interest rate set at 11%. The interest rate on the 2nd to 4th quarterly coupons is equal to that of the first coupon, with the rest of the coupon interest rates to be decided on by the issuer.

Ural Bank for Reconstruction and Development-Finance announced the interest rates on coupons related to the company’s second issue of bonds on June 21, 2007. The issuer reports the 5th to the 8th coupons’ annual interest rates will come to 10.25%, or 25.55 RUR per each 1,000-ruble bond. The 5th coupon payments must be made by October 4, 2007, the 6th coupon payment by January 3, 2008, the 7th coupon payment by April 3, 2008, and the 8th coupon payment by July 3, 2008. The company intends to go for a next offer when the 8th coupon period is over.

The company mainly went through with this bond issue in order to attract more finances, diversify the resource base, and make the bank more profitable.

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