Russia - Ministry of Finance Compensation Bonds (Min Fin Bonds) - Terms
Article Index
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| Obligor: | The Ministry of Finance of the Russian Federation |
| Issue Size: | Tranche II:..............................USD 1,518,000,000 Tranche III:.............................USD 1,307,000,000 Tranche IV:.............................USD 2,627,000,000 Tranche V:..............................USD 2,167,000,000 Tranche VI:.............................? |
| Maturity: | Tranche II:..............................May 14, 1996 Tranche III:.............................May 14, 1999 Tranche IV:.............................May 14, 2003 Tranche V:..............................May 14, 2008 Tranche VI:.............................May 14, 2011 |
| Interest Rate: | 3% fixed |
| Coupon Frequency: | Annual |
| Day Count: | 30/360 |
| Issue Date: | May 14, 1993 |
| Amortisation: | None, bullet at maturity |
| Options: | Non-call for life |
| Currency: | USD only |
| Form of Instrument: | Bearer bonds |
| Denominations: | $100,000; $10,000 and $1,000 |
| Paying Agent: | Central Bank of the Russian Federation |
| Servicing Agents: | Vneshekonombank (Bank for Foreign Economic Affairs) Rosvneshtorgbank (Russian Foreign Trade Bank) |
| Credit Rating: | Not rated |
| Principal Collateral: | None |
| Interest Payment Collateral: | None |
| Listing: | Not Listed |
| Settlement Information | Physical delivery or domestic settlement using a custodian account at a local bank. The bonds represent the refinancing of hard- currency deposits at Vneshekonombank, frozen in March 1992. The bonds cannot be physically transferred out of Russia. |