OREANDA-NEWS. March 22, 2011. In accordance with the terms of issuing OVGVZ bonds approved by the Russian Government Resolution dated March 4, 1996, № 229, the maturity date of OVGVZ bonds of the 7th tranche comes due on May 16, 2011.

At present, Vnesheconombank is accepting certificates of OVGVZ bonds of the 7th tranche from their holders to pay the last coupon and redeem the abovementioned bonds.

In accordance with the terms of issuing, acceptance of OVGVZ bonds of the 7th tranche for paying the last coupon and redeeming them on the basic payment date (May 16, 2011) is to terminate 30 calendar days prior to the set bond redemption date, that is, April 15, 2011. Bonds presented to Vnesheconombank after the said date are to be redeemed upon the expiry of the basic payment period as the Russian Finance Ministry allocates monetary funds on the basis of Vnesheconombank’s additional requests.

A period of presenting bonds and coupons for payment is to be 10 years starting from the end of the calendar year during which the date to pay appropriate bonds and coupons comes due. For OVGVZ bonds of the 7th tranche this period expires on December 31, 2021.

A list and forms of documents required to present bonds for payment as well as additional information are given in the section “Information on OVGVZ bonds”.

Payment of the last coupon and redemption of OVGVZ bonds of the 7th tranche booked in the customers’ custody accounts with Vnesheconombank’s Custody Department are to be made automatically at maturity.