The second issue of Yaroslavl Region bonds will be distributed on 6 July 2004 on the MICEXounting to 1 billion roubles of nominal value.
The issue of fixed yield Government bonds of the Yaroslavl Region was registered on 11 June 2004 (official registration number is RU25002YRS0); tenor is 3 years (1,092 days); the bonds have 12 quarter coupons attached. Interest rate with respect to coupons 1 to 4 will be determined on the auction when distributed, interest rate with respect to coupons 5 to 8 is equal to the interest rate of the 1-st coupon less 0.5% p.a., and interest rate with respect to coupons 9 to 12 is equal to the interest rate of the 1-st coupon less 1% p.a.
Vneshtorgbank acts as arranger and underwriter of the issue, and Renaissance Capital, as co-arranger.
Soyuz Bank and Web-invest Bank will be co-underwriters of the issue.
For more details on the bond issue and financial position of the Issuer, please see issue-related documents and the information memorandum of the issue on Vneshtorgbank` s Web-site (www.vtb.ru)