In accordance with the Terms of Issuing OVGVZs approved by Resolution of the Russian Government dated March 15, 20003 N 222, maturity date for fifth tranche OVGVZs falls on May 14, 2008.
At present, Vnesheconombank’s Custody Department accepts OVGVZs from their holders to pay the last coupon and redeem the said bonds.
In accordance with the Terms of Issuing OVGVZs, acceptance of fifth tranche OVGVZs to pay the last coupon is to be terminated a month before the bonds’ redemption, that is, Vnesheconombank’s Custody Department is to accept fifth tranche OVGVZs till April 11, inclusive. After the said date till May 14, 2008 Vnesheconombank’s Custody Department is to terminate all transactions in the said bonds. Vnesheconombank is to start accepting fifth tranche OVGVZs to make coupon payments and redeem them on May 16, 2008. The period for presenting bonds and coupons for payment is set at 10 years as from the end of the calendar year in which the maturity date for relevant bonds and coupons comes due. For fifth tranche OVGVZs this period is to end on December 31, 2018.
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