OREANDA-NEWS. April 16, 2010. In accordance with the terms of issuing OVGVZ bonds approved by the Russian Government Resolution dated March 4, 1996 № 229, the date to pay the coupon of OVGVZ bonds of the 7th tranche comes on May 14, 2010.

Since April 14, 2010, Vnesheconombank acting as the paying agent for the Russian Finance Ministry for the said bonds started to accept OVGVZ bonds of the 7th tranche from bondholders to pay the next coupon. The date of accepting bonds to pay the next coupon expires 7 days prior to the coupon payment date, that is, bonds are to be accepted till May 7, 2010 inclusive. After the said date till the coupon payment date, Vnesheconombank’s Custody Department terminates all transactions with OVGVZ bonds of the 7th tranche. Vnesheconombank is to resume accepting the said bonds to pay the next coupon on May 17, 2010.

Payments of coupon interest of OVGVZ bonds of the 7th tranche in custody accounts with Vnesheconombank’s Custody Department are to be made automatically on May 14, 2010.

The maturity date on OVGVZ bonds of the 7th tranche comes on May 14, 2011. Coupon yields on the bonds are to be paid once per year at a rate of 3% per annum.