Ural Bank for Reconstruction and Development-Finance made 25.55 million RUR worth of coupon payments on the second bond issue’s eighth coupon. 25.55 RUR was paid for every bond with face value of 1,000 RUR.

Ural Bank for Reconstruction and Development-Finance is the Ural Bank for Reconstruction and Development’s full daughter enterprise. The company is going to launch an offer on its bonds after the eighth coupon yield is paid on July 10, 2008. The bonds are to be retired on July 2, 2009. According to the issuer’s decision, the interest rate for the ninth, tenth, eleventh, and twelfth coupon periods will come to 12.5% a year, or 31.16 RUR per each bond with face value of 1,000 RUR. The interest for the ninth, tenth, eleventh, and twelfth coupon periods will be paid on October 2, 2008, January 1, 2009, April 2, 2009, and July 2, 2009, respectively. The payments will reach 31.16 million RUR altogether.

Following the eighth coupon payments on July 3, 2008, several bond transactions were registered at MICEX stock exchange, with the average transaction price exceeding the bonds’ face value; the effective yield to maturity came to 13% a year.