Approved
20 14
CJSC “Stock Exchange Market “MICEX”
(stock exchange name)
(name of position and signature of the authorized person of the stock exchange)
Seal
CHANGES IN THE PROSPECTUS OF SECURITIES
Joint Stock Company
“Moscow United Electric Grid Company”
certified interest-bearing non-convertible commercial papers to bearer of series BO-04 with the
compulsory centralized storage in the number of 5,000,000 (Five million) pieces, par value of 1,000
(One thousand) rubles each, with the maturity on the 3,640th (Three thousand six hundred and
fortieth) day as from the date of the beginning of the commercial papers placement, with a possibility
of early repayment on the owners’ demand and at the Issuer’s discretion, placed via public offering
certified interest-bearing non-convertible commercial papers to bearer of series BO-05 with the
compulsory centralized storage in the number of 5,000,000 (Five million) pieces, par value of 1,000
(One thousand) rubles each, with the maturity on the 3,640th (Three thousand six hundred and
fortieth) day as from the date of the beginning of the commercial papers placement, with a possibility
of early repayment on the owners’ demand and at the Issuer’s discretion, placed via public offering
certified interest-bearing non-convertible commercial papers to bearer of series BO-06 with the
compulsory centralized storage in the number of 5,000,000 (Five million) pieces, par value of 1,000
(One thousand) rubles each, with the maturity on the 3,640th (Three thousand six hundred and
fortieth) day as from the date of the beginning of the commercial papers placement, with a possibility
of early repayment on the owners’ demand and at the Issuer’s discretion, placed via public offering
certified interest-bearing non-convertible commercial papers to bearer of series BO-07 with the
compulsory centralized storage in the number of 7,000,000 (Seven million) pieces, par value of 1,000
(One thousand) rubles each, with the maturity on the 3,640th (Three thousand six hundred and
fortieth) day as from the date of the beginning of the commercial papers placement, with a possibility
of early repayment on the owners’ demand and at the Issuer’s discretion, placed via public offering
certified interest-bearing non-convertible commercial papers to bearer of series BO-08 with the
compulsory centralized storage in the number of 8,000,000 (Eight million) pieces, par value of 1,000
(One thousand) rubles each, with the maturity on the 3,640th (Three thousand six hundred and
fortieth) day as from the date of the beginning of the commercial papers placement, with a possibility
of early repayment on the owners’ demand and at the Issuer’s discretion, placed via public offering
certified interest-bearing non-convertible commercial papers to bearer of series BO-09 with the
compulsory centralized storage in the number of 10,000,000 (Ten million) pieces, par value of 1,000
(One thousand) rubles each, with the maturity on the 3,640th (Three thousand six hundred and
fortieth) day as from the date of the beginning of the commercial papers placement, with a possibility
of early repayment on the owners’ demand and at the Issuer’s discretion, placed via public offering
certified interest-bearing non-convertible commercial papers to bearer of series BO-10 with the
compulsory centralized storage in the number of 10,000,000 (Ten million) pieces, par value of 1,000
(One thousand) rubles each, with the maturity on the 3,640th (Three thousand six hundred and
fortieth) day as from the date of the beginning of the commercial papers placement, with a possibility
of early repayment on the owners’ demand and at the Issuer’s discretion, placed via public offering
individual identification number of the securities issue
4 B 0 2
-
0 4
-
6 5 1 1 6
- D
4 B 0 2
-
0 5
-
6 5 1 1 6
- D
4 B 0 2
-
0 6
-
6 5 1 1 6
- D
4 B 0 2
-
0 7
-
6 5 1 1 6
- D
4 B 0 2
-
0 8
-
6 5 1 1 6
- D
4 B 0 2
-
0 9
-
6 5 1 1 6
- D
4 B 0 2
-
1 0
-
6 5 1 1 6
- D
date of assigning the individual identification number of the securities issue
09
07
20 13
Changes are introduced based on the resolution of the Board of Directors of Joint Stock Company
“Moscow United Electric Grid Company”,
which was passed on 23.06.2014, Minutes #234 dd. 24.06.2014
Seat of the issuer: 115114, Russian Federation, Moscow, the 2nd Paveletsky passageway, 3, bld. 2
Director General of
Joint Stock Company
“Moscow United Electric Grid Company”
Sinyutin P.A.
(signature)
Date
20 14
Place of seal
Chief Accountant –
Director of the Department of
Joint Stock Company
“Moscow United Electric Grid Company”
Vitinskiy V.V.
(signature)
Date
20 14
(surname, initials)
(surname, initials)
А) Changes in the Prospectus of Securities
To introduce changes in the section “Introduction”, paragraphs “A: Commercial Papers of series BО-04”, “B:
Commercial Papers of series BО-05”, “C: Commercial Papers of series BО-06”, “D: Commercial Papers of series
BО-07”, “E: Commercial Papers of series BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial
Papers of series BО-10”, subclause а) in relation to the data on the date of the placement beginning and date of the
placement completion:
Text of the version to be changed:
Text of the new version, including changes:
Placement of the Commercial Papers begins not
Placement of the Commercial Papers begins not
earlier than on the date, as from which the Issuer provides earlier than on the date, as from which the Issuer provides
access to the prospectus of securities.
access to the prospectus of securities.
Commercial Papers can be placed provided that
Commercial Papers can be placed provided that they
they are fully paid.
are fully paid.
Within the period of not more than 2 (Two) days as
Within the period of not more than 2 (Two) days as
from the date of admission of the Commercial Papers for from the date of admission of the Commercial Papers for
bidding during the process of their placement, the Issuer bidding during the process of their placement, the Issuer
publishes the text of the Prospectus of Securities on the publishes the text of the Prospectus of Securities on the
Internet webpage.
Internet webpage.
Notice on admission of the Commercial Papers for
Notice on admission of the Commercial Papers for
bidding during their placement and on procedure for bidding during their placement and on procedure for getting
getting access to the information contained in the access to the information contained in the Prospectus of
Prospectus of Securities is published by the Issuer in the Securities is published by the Issuer in the manner and within
manner and within time limits, as specified in paragraph time limits, as specified in paragraph 11 of the Securities
11 of the Securities Issuance Resolution and clause 2.9. of Issuance Resolution and clause 2.9. of the Prospectus of
the Prospectus of Securities.
Securities.
Date of beginning of the Commercial Papers
Date of beginning of the Commercial Papers
placement is defined by the sole executive body of the placement is defined by the sole executive body of the Issuer.
Issuer.
If at the moment of occurrence of an event, about
If at the moment of occurrence of an event, about which the Issuer must disclose information in accordance
which the Issuer must disclose information in accordance with the applicable federal laws and normative regulations in
with the applicable federal laws and normative the financial markets sector, a different procedure and time
regulations of the federal executive body for the securities limits of information disclosure on such an event is
market, a different procedure and time limits of determined, rather than the procedure and time limits
information disclosure on such an event is determined, established by the Securities Issuance Resolution and
rather than the procedure and time limits established by Prospectus of Securities, but at the same time applying to
the Securities Issuance Resolution and Prospectus of such an issue of the Commercial Papers based on the date of
Securities, the information about such an event is the assignment of the identification number to it, the
disclosed in the manner and within the time limits, as information about such an event is disclosed in the manner
stipulated by the federal laws and normative regulations and within the time limits, as stipulated by the federal laws
of the federal executive body for the securities market, and normative regulations in the financial markets sector,
applicable at the time of the event occurrence.
applicable at the time of the event occurrence.
Notice of the date of the Commercial Papers
Notice of the date of the Commercial Papers placement
placement beginning is disclosed by the Issuer by way of beginning is disclosed by the Issuer by way of publication of
publication of the notice within the time limits and in the the notice within the time limits and in the manner, as
manner, as provided for in paragraph 11 of the Securities provided for in paragraph 11 of the Securities Issuance
Issuance Resolution and clause 2.9 of the Prospectus of Resolution and clause 2.9 of the Prospectus of Securities.
Securities.
Issuer shall notify the Exchange and NSD of the
Issuer shall notify the Exchange and NSD of the determined date of the placement beginning no later than 5
determined date of the placement beginning no later than (Five) days prior to the relevant date.
5 (Five) days prior to the relevant date.
Date of beginning of the Commercial Papers
Date of beginning of the Commercial Papers placement, which is determined by the sole executive body of
placement, which is determined by the sole executive body the Issuer, may be changed by the resolution of the same
of the Issuer, may be changed by the resolution of the management body of the Issuer, provided that the
same management body of the Issuer, provided that the requirements to the procedure for disclose of information
requirements to the procedure for disclose of information about the changed date of the Commercial Papers placement,
about the changed date of the Commercial Papers as defined by the Russian Federation laws, Securities
placement, as defined by the Russian Federation laws, Issuance Resolution and Prospectus of Securities are
Securities Issuance Resolution and Prospectus of observed.
Securities are observed.
If the Issuer takes a resolution to change the date of the
If the Issuer takes a resolution to change the date of securities placement beginning, which is disclosed in the
the securities placement beginning, which is disclosed in manner provided above, the Issuer shall publish a notice "on
the manner provided above, the Issuer shall publish a change in the date of the securities placement" in the
notice "on change in the date of the securities placement"
in the newswire of the information agencies which are
authorized by the federal executive body for the securities
market for the disclosure of information on the securities
market (hereinafter - "in the Newswire") on the page on
the information and telecommunications network
"Internet" (hereinafter - the "Internet")1 no later than 1
(One) day prior to such a date.
Issuer shall notify the Exchange and NSD of the
changed date of the placement beginning not later than
the next day after the date of drawing up the minutes (date
of expiration of the period, as set forth by the Russian
Federation laws for drawing up minutes) of the meeting
(proceedings) of the Issuer's management body, which
took the respective resolution, or as from the date of
taking such a resolution by the authorized management
body of the Issuer, if minutes drawing up is not required,
but not later than one day prior to the relevant date.
Date of the placement completion or the procedure
for its determining:
Date of the Commercial Papers placement
completion is the earliest of the following dates:
a) the 3rd (Third) business day as from the date of
the Commercial Papers placement beginning;
b) date of placement of the last Commercial Paper
of the issue, but not later than one month as from the
beginning of the Commercial Papers placement.
Issue of the Commercial Papers is not intended to
be placed in tranches.
newswire of the information agencies which are authorized
for the disclosure of information on the securities market
(hereinafter - "in the Newswire") on the page on the
information and telecommunications network "Internet"
(hereinafter - the "Internet")2 no later than 1 (One) day prior
to such a date.
Issuer shall notify the Exchange and NSD of the
changed date of the placement beginning not later than the
next day after the date of drawing up the minutes (date of
expiration of the period, as set forth by the Russian
Federation laws for drawing up minutes) of the meeting
(proceedings) of the Issuer's management body, which took
the respective resolution, or as from the date of taking such a
resolution by the authorized management body of the Issuer,
if minutes drawing up is not required, but not later than one
day prior to the relevant date.
Date of the placement completion or the procedure for
its determining:
Date of the Commercial Papers placement completion
is the earliest of the following dates:
a) the 3rd (Third) business day as from the date of the
Commercial Papers placement beginning;
b) date of placement of the last Commercial Paper of
the issue.
Issue of the Commercial Papers is not intended to be
placed in tranches.
To introduce changes in the section “Introduction”, paragraphs “A: Commercial Papers of series BО-04”, “B:
Commercial Papers of series BО-05”, “C: Commercial Papers of series BО-06”, “D: Commercial Papers of series
BО-07”, “E: Commercial Papers of series BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial
Papers of series BО-10”, clause 2.5. “Procedure and time limits for placement of equity securities”:
Text of the version to be changed:
Text of the new version, including changes:
Date of beginning and date of completion of the
If at the moment of taking (approval by the authorized
securities placement or procedure for determining the body) by the Issuer of the resolution on the date of the
period for the securities placement:
beginning of the Commercial Papers placement and/or
Date of placement beginning or procedure for its resolution on change in the date of the beginning of the
determining:
Commercial Papers placement, according to the applicable
Placement of the Commercial Papers begins not laws of the Russian Federation and/or normative regulations
earlier than on the date, as from which the Issuer provides in the financial markets sector, another proceduer and time
access to the prospectus of securities.
limits for taking (approval by the authorized body) by the
Commercial Papers can be placed provided that Issuer of the resolution on the specified events is established,
they are fully paid.
than the procedure and time limits stipulated by this clause,
Within the period of not more than 2 (Two) days as but at the same time applying to this issue of the Commercial
from the date of admission of the Commercial Papers for Papers proceeding from the date of assignment of the
bidding during the process of their placement, the Issuer identification number to it, taking (approval by the authorized
publishes the text of the Prospectus of Securities on the body) by the Issuer of the specified resolutions is carried out
Internet webpage.
in the procedure and within the time frames, as specified by
Notice on admission of the Commercial Papers for the Russian Federation laws and/or normative regulations in
bidding during their placement and on procedure for the financial markets sector, applicable at the moment of
getting access to the information contained in the taking (approval by the authorized body) by the Issuer of the
1
Hereinafter disclosure of information “on the webpage on the Internet” means disclosure of information on the Internet
webpage, which is provided by one of the distributors of information on the securities market - _ http://www.edisclosure.ru/portal/company.aspx?id=5563, as well as on the Internet webpage, the electronic address of which includes the
domain name - http://www.moesk.ru 2
Hereinafter disclosure of information “on the webpage on the Internet” means disclosure of information on the Internet
webpage, which is provided by one of the distributors of information on the securities market - _ http://www.edisclosure.ru/portal/company.aspx?id=5563, as well as on the Internet webpage, the electronic address of which includes the
domain name - http://www.moesk.ru Prospectus of Securities is published by the Issuer in the
manner and within time limits, as specified in paragraph
11 of the Securities Issuance Resolution and clause 2.9. of
the Prospectus of Securities.
Date of beginning of the Commercial Papers
placement is defined by the sole executive body of the
Issuer.
If at the moment of occurrence of an event, about
which the Issuer must disclose information in accordance
with the applicable federal laws and normative
regulations of the federal executive body for the securities
market, a different procedure and time limits of
information disclosure on such an event is determined,
rather than the procedure and time limits established by
the Securities Issuance Resolution and Prospectus of
Securities, the information about such an event is
disclosed in the manner and within the time limits, as
stipulated by the federal laws and normative regulations
of the federal executive body for the securities market,
applicable at the time of the event occurrence.
Notice of the date of the Commercial Papers
placement beginning is disclosed by the Issuer by way of
publication of the notice within the time limits and in the
manner, as provided for in paragraph 11 of the Securities
Issuance Resolution and clause 2.9 of the Prospectus of
Securities.
Issuer shall notify the Exchange and NSD of the
determined date of the placement beginning no later than
5 (Five) days prior to the relevant date.
Date of beginning of the Commercial Papers
placement, which is determined by the sole executive body
of the Issuer, may be changed by the resolution of the
same management body of the Issuer, provided that the
requirements to the procedure for disclose of information
about the changed date of the Commercial Papers
placement, as defined by the Russian Federation laws,
Securities Issuance Resolution and Prospectus of
Securities are observed.
If the Issuer takes a resolution to change the date of
the securities placement beginning, which is disclosed in
the manner provided above, the Issuer shall publish a
notice "on change in the date of the securities placement"
in the newswire of the information agencies which are
authorized by the federal executive body for the securities
market for the disclosure of information on the securities
market (hereinafter - "in the Newswire") on the page on
the information and telecommunications network
"Internet" (hereinafter - the "Internet")3 no later than 1
(One) day prior to such a date.
Issuer shall notify the Exchange and NSD of the
changed date of the placement beginning not later than
the next day after the date of drawing up the minutes (date
of expiration of the period, as set forth by the Russian
Federation laws for drawing up minutes) of the meeting
(proceedings) of the Issuer's management body, which
took the respective resolution, or as from the date of
taking such a resolution by the authorized management
body of the Issuer, if minutes drawing up is not required,
specified resolutions.
If at the moment of information disclosure on the date
of the beginning of the Commercial Papers placement and/or
resolution on change in the date of the beginning of the
Commercial Papers placement, according to the applicable
laws of the Russian Federation and/or normative regulations
in the financial markets sector, another proceduer and time
limits for information disclosure on the specified events is
established, than the procedure and time limits stipulated by
this clause, but at the same time applying to this issue of the
Commercial Papers proceeding from the date of assignment
of the identification number to it, information on the specified
events is disclosed by the Issuer in the procedure and within
the time frames, as specified by the Russian Federation laws
and/or normative regulations in the financial markets sector,
applicable at the moment of information disclosure of the
specified events.
Date of beginning and date of completion of the
securities placement or procedure for determining the period
for the securities placement:
Date of placement beginning or procedure for its
determining:
Placement of the Commercial Papers begins not
earlier than on the date, as from which the Issuer provides
access to the prospectus of securities.
Commercial Papers can be placed provided that they
are fully paid.
Within the period of not more than 2 (Two) days as
from the date of admission of the Commercial Papers for
bidding during the process of their placement, the Issuer
publishes the text of the Prospectus of Securities on the
Internet webpage.
Notice on admission of the Commercial Papers for
bidding during their placement and on procedure for getting
access to the information contained in the Prospectus of
Securities is published by the Issuer in the manner and within
time limits, as specified in paragraph 11 of the Securities
Issuance Resolution and clause 2.9. of the Prospectus of
Securities.
Date of beginning of the Commercial Papers
placement is defined by the sole executive body of the Issuer.
If at the moment of occurrence of an event, about
which the Issuer must disclose information in accordance
with the applicable federal laws and normative regulations in
the financial markets sector, a different procedure and time
limits of information disclosure on such an event is
determined, rather than the procedure and time limits
established by the Securities Issuance Resolution and
Prospectus of Securities, but at the same time applying to
such an issue of the Commercial Papers based on the date of
the assignment of the identification number to it, the
information about such an event is disclosed in the manner
and within the time limits, as stipulated by the federal laws
and normative regulations in the financial markets sector,
applicable at the time of the event occurrence.
Notice of the date of the Commercial Papers placement
beginning is disclosed by the Issuer by way of publication of
the notice within the time limits and in the manner, as
3
Hereinafter disclosure of information “on the webpage on the Internet” means disclosure of information on the Internet
webpage, which is provided by one of the distributors of information on the securities market - _ http://www.edisclosure.ru/portal/company.aspx?id=5563, as well as on the Internet webpage, the electronic address of which includes the
domain name - http://www.moesk.ru but not later than one day prior to the relevant date.
Date of the placement completion or the procedure
for its determining:
Date of the Commercial Papers placement
completion is the earliest of the following dates:
a) the 3rd (Third) business day as from the date of
the Commercial Papers placement beginning;
b) date of placement of the last Commercial Paper
of the issue, but not later than one month as from the
beginning of the Commercial Papers placement.
Way of securities placement: public offering.
Presence of the preemptive right to purchase placed
securities and date of drawing up the list of the persons
having such preemptive right: Preemptive right to
purchase placed securities is not stipulated.
if placement of securities by way of public offering
is carried out with the opportunity of their purchase
outside the Russian Federation, including by way of
purchase of foreign securities - presence of such an
opportunity: none.
other material terms of the securities placement, in
the issuer’s opinion:
1. Placement of the Commercial Papers can be
carried out during bidding at the stock exchange only.
Completion of transactions resulting in transition
of ownership in respect of the Commercial Papers
(circulation of equity securities) is allowed after the issue
is assigned the identification number. Owner of the
Commercial Papers is entitled to sell the Commercial
Papers free or alienate them otherwise in accordance with
the Russian Federation laws. Circulation of the
Commercial Papers can be carried out on the stock
exchange and off-stock exchange market.
Transition of ownership in respect of the
Commercial Papers is prohibited till they are fully paid.
Nonresidents can purchase the Commercial Papers
in accordance with the applicable laws and normative
regulations of the Russian Federation.
On the stock exchange market, the Commercial
Papers are traded subject to withdrawals, as set forth by
the organizers of bidding on the securities market.
provided for in paragraph 11 of the Securities Issuance
Resolution and clause 2.9 of the Prospectus of Securities.
Issuer shall notify the Exchange and NSD of the
determined date of the placement beginning no later than 5
(Five) days prior to the relevant date.
Date of beginning of the Commercial Papers
placement, which is determined by the sole executive body of
the Issuer, may be changed by the resolution of the same
management body of the Issuer, provided that the
requirements to the procedure for disclose of information
about the changed date of the Commercial Papers placement,
as defined by the Russian Federation laws, Securities
Issuance Resolution and Prospectus of Securities are
observed.
If the Issuer takes a resolution to change the date of the
securities placement beginning, which is disclosed in the
manner provided above, the Issuer shall publish a notice "on
change in the date of the securities placement" in the
newswire of the information agencies which are authorized
for the disclosure of information on the securities market
(hereinafter - "in the Newswire") on the page on the
information and telecommunications network "Internet"
(hereinafter - the "Internet")4 no later than 1 (One) day prior
to such a date.
Issuer shall notify the Exchange and NSD of the
changed date of the placement beginning not later than the
next day after the date of drawing up the minutes (date of
expiration of the period, as set forth by the Russian
Federation laws for drawing up minutes) of the meeting
(proceedings) of the Issuer's management body, which took
the respective resolution, or as from the date of taking such a
resolution by the authorized management body of the Issuer,
if minutes drawing up is not required, but not later than one
day prior to the relevant date.
Date of the placement completion or the procedure for
its determining:
Date of the Commercial Papers placement completion
is the earliest of the following dates:
a) the 3rd (Third) business day as from the date of the
Commercial Papers placement beginning;
b) date of placement of the last Commercial Paper of
the issue.
Way of securities placement: public offering.
2. On any day between the date of placement
beginning and date of the issuer repayment, the amount of
the accumulated coupon yield (ACY) on the Commercial
Paper is calculated using the following formula:
Procedure for definition of the accumulated coupon
yield on the Commercial Papers:
ACY = Cj * Nom * (T - T (j-1)) / 365/100%,
where
j - ordinal number of the coupon period, j=1, 2, 3...
20;
ACY - accumulated coupon yield, in rubles;
Nom - outstanding part of the nominal value of one
Commercial Paper, in rubles;
Presence of the preemptive right to purchase placed
securities and date of drawing up the list of the persons
having such preemptive right: Preemptive right to purchase
placed securities is not stipulated.
if placement of securities by way of public offering is
carried out with the opportunity of their purchase outside the
Russian Federation, including by way of purchase of foreign
securities - presence of such an opportunity: none.
other material terms of the securities placement, in the
issuer’s opinion:
1. Placement of the Commercial Papers can be carried
out during bidding at the stock exchange only.
4
Hereinafter disclosure of information “on the webpage on the Internet” means disclosure of information on the Internet
webpage, which is provided by one of the distributors of information on the securities market - _ http://www.edisclosure.ru/portal/company.aspx?id=5563, as well as on the Internet webpage, the electronic address of which includes the
domain name - http://www.moesk.ru C j - amount of the interest rate of the j coupon, in
per cent per annum;
T (j-1) - date of beginning of the j coupon period
(for the first coupon period, Т (j-1) is the date of
beginning of the Commercial Papers placement);
T - date of calculation of the accumulated coupon
yield inside the j coupon period.
Amount of the accumulated coupon yield is
calculated with the accuracy of one kopeck. (Rounding-off
is performed using the mathematical rounding-off rules.
The rules of mathematical rounding-off should be
understood as the method of rounding-off, when the value
of the whole kopeck (whole kopecks) does not change if
the first figure after the rounded-off one is in the interval
from 0 to 4, and increases by one if the first figure after
the rounded-off one is in the interval from 5 to 9).
Completion of transactions resulting in transition of
ownership in respect of the Commercial Papers (circulation
of equity securities) is allowed after the issue is assigned the
identification number. Owner of the Commercial Papers is
entitled to sell the Commercial Papers free or alienate them
otherwise in accordance with the Russian Federation laws.
Circulation of the Commercial Papers can be carried out on
the stock exchange and off-stock exchange market.
Transition of ownership in respect of the Commercial
Papers is prohibited till they are fully paid.
Nonresidents can purchase the Commercial Papers in
accordance with the applicable laws and normative
regulations of the Russian Federation.
On the stock exchange market, the Commercial Papers
are traded subject to withdrawals, as set forth by the
organizers of bidding on the securities market.
If the placement of securities is carried out by the
issuer with the involvement of the persons providing
services of placement and/or organization of placement of
the securities , the following is specified in respect of each
such person:
Organizations providing services to the Issuer
which are related with placement organization and
placement of the Commercial Papers (hereinafter
individually – the "Organizer" or collectively - the
"Organizers") are "Gazprombank" (Open Joint Stock
Company), Closed Joint Stock Company "VTB Capital",
CJSC "Sberbank CIB", Closed Joint Stock Company
"Raiffeisenbank",
Joint-Stock
Commercial
Bank
"ROSBANK" (open joint stock company), Open Joint
Stock Company "BANK URALSIB", Limited Liability
Company "URALSIB Capital", Open Joint Stock Company
Bank "Otkrytie", Open Joint Stock Company
"Promsvyazbank", Open Joint Stock Company "ALFABANK",
Interregional
Commercial
Bank
of
Communications Development and Informatics (Open
Joint Stock Company), Limited Liability Company
"Investment Company of Vnesheconombank" ("VEB
Capital")."
Placement of the Commercial Papers will be
carried out by the Issuer with the involvement of one of
the Organizers as a person providing services to the
Issuer in respect of the Commercial Papers placement
(hereinafter - the "Underwriter").
Before the date of the placement beginning, the
Issuer discloses information about the Underwriters, to
which the participants in a bidding process of SEM
MICEX will forward applications for the purchase of the
Commercial Papers during the term of the Commercial
Papers placement in the form of a notice on essential fact
in accordance with paragraph 11 of the Securities
Issuance Resolution and p. 2.9 of the Prospectus of
Securities.
2. On any day between the date of placement
beginning and date of the issuer repayment, the amount of the
accumulated coupon yield (ACY) on the Commercial Paper is
calculated using the following formula:
Procedure for definition of the accumulated coupon
yield on the Commercial Papers:
ACY = Cj * Nom * (T - T (j-1)) / 365/100%,
where
j - ordinal number of the coupon period, j=1, 2, 3...
20;
ACY - accumulated coupon yield, in rubles;
Nom - outstanding part of the nominal value of one
Commercial Paper, in rubles;
C j - amount of the interest rate of the j coupon, in per
cent per annum;
T (j-1) - date of beginning of the j coupon period (for
the first coupon period, Т (j-1) is the date of beginning of the
Commercial Papers placement);
T - date of calculation of the accumulated coupon
yield inside the j coupon period.
Amount of the accumulated coupon yield is calculated
with the accuracy of one kopeck. (Rounding-off is performed
using the mathematical rounding-off rules. The rules of
mathematical rounding-off should be understood as the
method of rounding-off, when the value of the whole kopeck
(whole kopecks) does not change if the first figure after the
rounded-off one is in the interval from 0 to 4, and increases
by one if the first figure after the rounded-off one is in the
interval from 5 to 9).
Full corporate name: "Gazprombank" (Open Joint
Stock Company)
Abbreviated name: GPB (OJSC)
TIN: 7744001497
PSRN: 1027700167110
Location: 117420, Moscow, Nametkina Street, 16,
bldg. 1
Postal address: 117420, Moscow, Nametkina Street,
3. If at the moment of taking by the Issuer of the
resolution on the events at the stages of issuance and
circulation of the Commercial Papers and other events
described in the Securities Issuance Resolution and
Prospectus of Securities, according to the applicable laws of
the Russian Federation and/or normative regulations in the
financial markets sector, another procedure and time limits
for taking by the Issuer of the resolution on the specified
events is established, than the procedure and time limits
stipulated by Securities Issuance Resolution and Prospectus
of Securities, but at the same time applying to this issue of the
Commercial Papers proceeding from the date of assignment
of the identification number to it, resolutions on these events
are taken by the Issuer in the procedure and within the time
frames, as specified by the Russian Federation laws and/or
normative regulations in the financial markets sector,
16, bldg. 1
License number: License for brokerage activities
#177-04229-100000
Date of issue: 27.12.2000
Validity: no expiration date
Issuing authority: FCS (Federal Securities
Commission) of Russia
Full corporate name: Closed Joint Stock Company
"VTB Capital"
Abbreviated name: CJSC "VTB Capital"
TIN: 7703585780
PSRN: 1067746393780
Location: Moscow, Presnenskaya Embankment, 12
Postal address: 123100, Moscow, Presnenskaya
Embankment, 12
License number: License for brokerage activities
#177-11463-100000
Date of issue: 31.07. 2008
Validity: no expiration date
Issuing authority: FFMS of Russia
Full corporate name: Closed Joint Stock Company
"Sberbank CIB"
Abbreviated name: CJSC "Sberbank CIB"
TIN: 7710048970
PSRN: 1027739007768
Location: Russian Federation, 125009, Moscow,
Romanov side-street, 4
Postal address: Russian Federation, 125009,
Moscow, Romanov side-street, 4
License number: License for brokerage activities
#177-06514-100000
Date of issue: 08.04.2003
Validity: no expiration date
Issuing authority: FCS of Russia
Full corporate name: Closed Joint Stock Company
"Raiffeisenbank"
Abbreviated name: CJSC "Raiffeisenbank"
TIN: 7744000302
PSRN: 1027739326449
Location: 129090, Moscow, Troitskaya Street, 17,
bldg. 1
Postal address: 129090, Moscow, Troitskaya Street,
17, bldg. 1
License number: License for brokerage activities
#177-02900-100000
Date of issue: 27.11.2000
Validity: no expiration date
Issuing authority: FCS of Russia
Full company name: Joint Stock Commercial Bank
"ROSBANK" (Open Joint Stock Company)
Abbreviated name: OJSC JSCB “ROSBANK”
TIN: 7730060164
PSRN: 1027739460737
Location: 107078, Moscow, Mashi Poryvayevoi
Street, 11
Postal address: 107078, Moscow, Mashi
Poryvayevoi Street, 11
License number: License for brokerage activities
#177-05721-100000
applicable at the moment of taking by the Issuer of the
resolutions on the specified events.
If at the moment of information disclosure on the
events at the stages of issuance and circulation of the
Commercial Papers and other events described in the
Securities Issuance Resolution and Prospectus of Securities,
according to the applicable laws of the Russian Federation
and/or normative regulations in the financial markets sector,
another procedure and time limits for information disclosure
on the specified events is established, than the procedure and
time limits stipulated by Securities Issuance Resolution and
Prospectus of Securities, but at the same time applying to this
issue of the Commercial Papers proceeding from the date of
assignment of the identification number to it, information on
these events is disclosed by the Issuer in the procedure and
within the time frames, as specified by the Russian Federation
laws and/or normative regulations in the financial markets
sector, applicable at the moment of information disclosure on
the specified events.
If at the moment of implementation of certain actions
related with the early repayment of the Commercial
Papers/purchase of the Commercial Papers/execution of
liabilities by the issuer on the Commercial Papers (payment
of coupon and/or repayment), the Russian Federation laws
and/or normative regulations in the financial markets sector
establish
conditions,
procedure,
and
(or)
rules
(requirements), other than those contained in the Securities
Issuance Resolution and the Prospectus of Securities, but at
the same time applying to this issue of the Commercial
Papers proceeding from the date of the assignment of the
identification number to it, the early repayment of the
Commercial
Papers/purchase
of
the
Commercial
Papers/execution of liabilities by the issuer on the
Commercial Papers (payment of coupon and/or repayment)
will be carried out subject to the requirements of the Russian
laws and/or normative regulations in the financial markets
sector, applicable at the moment of the relevant actions.
4. Information in relation to the names, locations,
licenses and other details of the companies (entities) specified
in the Securities Issuance Resolution are presented in
accordance with the constituent / statutory documents, and /
or other relevant documents in the versions, which were
applicable at the moment of approval of the Securities
Issuance Resolution.
If the name, location, licenses and other details of the
companies (entities) specified in the Securities Issuance
Resolution are changed, this information should be read
subject to the changes introduced.
5. Information concerning names, locations, licenses
and other details of the companies (entities) specified in the
changes in the securities issuance resolution are presented in
accordance with the constituent / statutory documents, and /
or other relevant documents in the versions, which were
applicable at the moment of approval of the Securities
Issuance Resolution.
If the placement of securities is carried out by the
issuer with the involvement of the persons providing services
of placement and/or organization of placement of the
securities , the following is specified in respect of each such
person:
Organizations providing services to the Issuer which
are related with placement organization and placement of the
Commercial Papers (hereinafter individually – the
Date of issue: 06.11.2001
Validity: no expiration date
Issuing authority: FCS of Russia
Full company name: Open Joint Stock Company
"BANK URALSIB"
Abbreviated name: OJSC "URALSIB"
TIN: 0274062111
PSRN: 1020280000190
Location: 119048, Moscow, Efremova Street, 8
Postal address: 119048, Moscow, Efremova Street,
8
License number: License for brokerage activities
#177-06461-100000
Date of issue: 07.03.2003
Validity: no expiration date
Issuing authority: FFMS of Russia
Full company name: Limited Liability Company
"URALSIB Capital"
Abbreviated name: "URALSIB Capital"
TIN: 7707194868
PSRN: 1027739000739
Location: 119048, Moscow, Efremova Street, 8
Postal address: 119048, Moscow, Efremova Street,
8
License number: License for brokerage activities
#177-04926-100000
Date of issue: 28.03.2001
Validity: no expiration date
Issuing authority: FCS of Russia
Full company name: Open Joint Stock Company
Bank "Otkrytie"
Abbreviated name: OJSC Bank "Otkrytie"
TIN: 7744003399
PSRN: 1037711013295
Location: 119021, Moscow, Timura Frunze Street,
11, bldg. 13
Postal address: 119021, Moscow, Timura Frunze
Street, 11, bldg. 13
License number: License for brokerage activities
#177-03454-100000
Date of issue: 07.12.2000
Validity: no expiration date
Issuing authority: FFMS of Russia
Full company name: Open Joint Stock Company
"Promsvyazbank"
Abbreviated name: OJSC "Promsvyazbank"
TIN: 7744000912
PSRN: 1027739019142
Location: Russian Federation, 109052, Moscow,
Smirnovskaya Street, 10, bldg. 22
Postal address: Russian Federation, 109052,
Moscow, Smirnovskaya Street, 10, bldg. 22
License number: License for brokerage activities
#177-03816-100000
Date of issue: 13.12.2000
Validity: no expiration date
Issuing authority: FFMS of Russia
Full corporate name: Open Joint Stock Company
"Organizer" or collectively - the "Organizers") are
"Gazprombank" (Open Joint Stock Company), Closed Joint
Stock Company "VTB Capital", CJSC "Sberbank CIB",
Closed Joint Stock Company "Raiffeisenbank", Joint-Stock
Commercial Bank "ROSBANK" (open joint stock company),
Open Joint Stock Company "BANK URALSIB", Limited
Liability Company "URALSIB Capital", Open Joint Stock
Company Bank "Otkrytie", Open Joint Stock Company
"Promsvyazbank", Open Joint Stock Company "ALFABANK", Interregional Commercial Bank of Communications
Development and Informatics (Open Joint Stock Company),
Limited Liability Company "Investment Company of
Vnesheconombank" ("VEB Capital")."
Placement of the Commercial Papers will be carried
out by the Issuer with the involvement of one of the
Organizers as a person providing services to the Issuer in
respect of the Commercial Papers placement (hereinafter the "Underwriter").
Before the date of the placement beginning, the Issuer
discloses information about the Underwriters, to which the
participants in a bidding process of SEM MICEX will
forward applications for the purchase of the Commercial
Papers during the term of the Commercial Papers placement
in the form of a notice on essential fact in accordance with
paragraph 11 of the Securities Issuance Resolution and p. 2.9
of the Prospectus of Securities.
Full corporate name: "Gazprombank" (Open Joint
Stock Company)
Abbreviated name: GPB (OJSC)
TIN: 7744001497
PSRN: 1027700167110
Location: 117420, Moscow, Nametkina Street, 16,
bldg. 1
Postal address: 117420, Moscow, Nametkina Street, 16,
bldg. 1
License number: License for brokerage activities #17704229-100000
Date of issue: 27.12.2000
Validity: no expiration date
Issuing
authority:
FCS
(Federal
Securities
Commission) of Russia
Full corporate name: Closed Joint Stock Company
"VTB Capital"
Abbreviated name: CJSC "VTB Capital"
TIN: 7703585780
PSRN: 1067746393780
Location: Moscow, Presnenskaya Embankment, 12
Postal address: 123100, Moscow, Presnenskaya
Embankment, 12
License number: License for brokerage activities #17711463-100000
Date of issue: 31.07. 2008
Validity: no expiration date
Issuing authority: FFMS of Russia
Full corporate name: Closed Joint Stock Company
"Sberbank CIB"
Abbreviated name: CJSC "Sberbank CIB"
TIN: 7710048970
PSRN: 1027739007768
Location: Russian Federation, 125009, Moscow,
"ALFA-BANK"
Abbreviated name: OJSC "ALFA-BANK"
TIN: 7728168971
PSRN: 1027700067328
Location: 107078, Moscow, Kalanchevskaya Street,
27
Postal address: 107078, Moscow, Akademika
Sakharova Avenue, 12
License number: License for brokerage activities
#177-03471-100000
Date of issue: 07.12.2000
Validity: no expiration date
Issuing authority: FCS of Russia
Full corporate name: Interregional Commercial
Bank of Communications Development and Informatics
(Open Joint Stock Company)
Abbreviated name: OJSC JSCB "Svyaz-Bank"
TIN: 7710301140
PSRN: 1027700159288
Location: 125375, Moscow, Tverskaya Street, 7
Postal address: 125375, Moscow, Tverskaya Street,
7
License number: License for brokerage activities
#177-10817-100000
Date of issue: 06.12.2007
Validity: no expiration date
Issuing authority: FFMS of Russia
Full company name: Limited Liability Company
"Investment Company of Vnesheconombank ("VEB
Capital")"
Abbreviated name: LLC "VEB Capital"
TIN: 7708710924
PSRN: 1097746831709
Location: Russia, GSP-6, 107996, Moscow,
Akademika Sakharova Avenue, 9
Postal address: Russia, 107078, Moscow, Mashi
Poryvayevoi Street, 7
License number: License for brokerage activities
#077-13226-100000
Date of issue: 27.07.2010
Validity: no expiration date
Issuing authority: FFMS of Russia
Any of the specified Organizers can act as the
Underwriter of the Commercial Papers, acting on behalf
and at the expense of the Issuer.
Before the date of the placement beginning, the
Issuer discloses information about the Underwriters, to
which the Participants in a bidding process of SEM
MICEX will forward applications for the purchase of the
Commercial Papers during the term of the Commercial
Papers placement in the form of a notice on essential fact
in accordance with paragraph 11 of the Securities
Issuance Resolution and p. 2.9 of the Prospectus of
Securities.
The Issuer shall notify the Exchange of the
Underwriter, to which Participants in a bidding process
will apply for the purchase of the Commercial Papers
during the placement of the Commercial Papers, not later
than 1 (one) day as from the date of taking by the Issuer’s
authorized management body of the resolution and no
Romanov side-street, 4
Postal address: Russian Federation, 125009, Moscow,
Romanov side-street, 4
License number: License for brokerage activities #17706514-100000
Date of issue: 08.04.2003
Validity: no expiration date
Issuing authority: FCS of Russia
Full corporate name: Closed Joint Stock Company
"Raiffeisenbank"
Abbreviated name: CJSC "Raiffeisenbank"
TIN: 7744000302
PSRN: 1027739326449
Location: 129090, Moscow, Troitskaya Street, 17,
bldg. 1
Postal address: 129090, Moscow, Troitskaya Street, 17,
bldg. 1
License number: License for brokerage activities #17702900-100000
Date of issue: 27.11.2000
Validity: no expiration date
Issuing authority: FCS of Russia
Full company name: Joint Stock Commercial Bank
"ROSBANK" (Open Joint Stock Company)
Abbreviated name: OJSC JSCB “ROSBANK”
TIN: 7730060164
PSRN: 1027739460737
Location: 107078, Moscow, Mashi Poryvayevoi Street,
11
Postal address: 107078, Moscow, Mashi Poryvayevoi
Street, 11
License number: License for brokerage activities #17705721-100000
Date of issue: 06.11.2001
Validity: no expiration date
Issuing authority: FCS of Russia
Full company name: Open Joint Stock Company
"BANK URALSIB"
Abbreviated name: OJSC "URALSIB"
TIN: 0274062111
PSRN: 1020280000190
Location: 119048, Moscow, Efremova Street, 8
Postal address: 119048, Moscow, Efremova Street, 8
License number: License for brokerage activities #17706461-100000
Date of issue: 07.03.2003
Validity: no expiration date
Issuing authority: FFMS of Russia
Full company name: Limited Liability Company
"URALSIB Capital"
Abbreviated name: "URALSIB Capital"
TIN: 7707194868
PSRN: 1027739000739
Location: 119048, Moscow, Efremova Street, 8
Postal address: 119048, Moscow, Efremova Street, 8
License number: License for brokerage activities #17704926-100000
Date of issue: 28.03.2001
Validity: no expiration date
later than 1 (One) day before the date of beginning of the
Commercial Papers placement.
Main functions of the Organizers:
• elaboration of recommendations in
respect of the parameters, conditions of
issue and placement of the Commercial
Papers;
• assistance in the drafting of the
documentation required for placement
and circulation of the Commercial
Papers;
• preparation,
organization
and
implementation of marketing and
presentation activities before placement
of the Commercial Papers;
• providing advice on the matters related
with the requirements of the applicable
Russian laws imposed on the procedure
of issuance of the Commercial Papers,
their placement, circulation and
repayment, including the provision of
advice when disclosing information on
the stages of the issuance of securities
and help in preparing relevant
informational messages;
• implementation of other actions
required for the placement of the
Commercial Papers placed.
Main functions of the Underwriter:
• implementation of meeting the bids for
purchase of the Commercial Papers,
submitted by participants in a bidding
process on the Exchange in an initial
placement of the Commercial Papers, in
accordance
with
the
conditions
established by the Commercial Papers
Issuance
Resolution,
Commercial
Papers Prospectus;
• as from the date of beginning of the
Commercial
Papers
placement,
completion of deals related with the
Commercial Papers placement by way
of meeting the bids for the purchase of
the Commercial Papers in accordance
with the Bidding Rules of the Exchange
and in accordance with the conditions
established by the Securities Issuance
Resolution and the Commercial Papers
Prospectus;
• transfer of funds received during the
placement of the Commercial Papers
and credited with the account of the
Underwriter in NSD, to the Issuer's
account no later than 1 (One) business
day after they are credited;
• provision of a report to the Issuer on the
transactions and operations with the
securities, completed in the interests of
the Issuer during a day, no later than 1
(One) business day after completion of
Issuing authority: FCS of Russia
Full company name: Open Joint Stock Company Bank
"Otkrytie"
Abbreviated name: OJSC Bank "Otkrytie"
TIN: 7744003399
PSRN: 1037711013295
Location: 119021, Moscow, Timura Frunze Street, 11,
bldg. 13
Postal address: 119021, Moscow, Timura Frunze
Street, 11, bldg. 13
License number: License for brokerage activities #17703454-100000
Date of issue: 07.12.2000
Validity: no expiration date
Issuing authority: FFMS of Russia
Full company name: Open Joint Stock Company
"Promsvyazbank"
Abbreviated name: OJSC "Promsvyazbank"
TIN: 7744000912
PSRN: 1027739019142
Location: Russian Federation, 109052, Moscow,
Smirnovskaya Street, 10, bldg. 22
Postal address: Russian Federation, 109052, Moscow,
Smirnovskaya Street, 10, bldg. 22
License number: License for brokerage activities #17703816-100000
Date of issue: 13.12.2000
Validity: no expiration date
Issuing authority: FFMS of Russia
Full corporate name: Open Joint Stock Company
"ALFA-BANK"
Abbreviated name: OJSC "ALFA-BANK"
TIN: 7728168971
PSRN: 1027700067328
Location: 107078, Moscow, Kalanchevskaya Street, 27
Postal address: 107078, Moscow, Akademika
Sakharova Avenue, 12
License number: License for brokerage activities #17703471-100000
Date of issue: 07.12.2000
Validity: no expiration date
Issuing authority: FCS of Russia
Full corporate name: Interregional Commercial Bank
of Communications Development and Informatics (Open Joint
Stock Company)
Abbreviated name: OJSC JSCB "Svyaz-Bank"
TIN: 7710301140
PSRN: 1027700159288
Location: 125375, Moscow, Tverskaya Street, 7
Postal address: 125375, Moscow, Tverskaya Street, 7
License number: License for brokerage activities #17710817-100000
Date of issue: 06.12.2007
Validity: no expiration date
Issuing authority: FFMS of Russia
Full company name: Limited Liability Company
"Investment Company of Vnesheconombank ("VEB Capital")"
Abbreviated name: LLC "VEB Capital"
the
Commercial
Papers
sale
transactions to the first owners.
main functions of a person providing services on
placement and/or organization of placement of the
securities , including:
whether such a person has duties to acquire the
securities which were not placed in time; if such a duty is
available – besides, the number (procedure for
determining the number) of securities which were not
placed in time, which shall be purchased by such a person,
and time (procedure for determining the time), after which
the person shall purchase such a number of securities:
Persons providing services of placement and/or
organization of placement of the securities in accordance
with the agreement between the Issuer and such persons
have no duties for the acquisition of the securities which
were not placed in time.
whether such a person has duties related with
maintaining prices for the placed securities at a certain
level for a certain period after the completion of their
placement (stabilization), including duties related with the
provision of market-maker services; in the presence of
such a duty – besides, the time (procedure for determining
the time), during which the person shall perform
stabilization or provide market maker services: Duty
associated with maintaining prices for the placed
securities at a certain level for a certain period after the
completion of their placement (stabilization) is not
established by the agreement between the Issuer and the
persons providing services of placement and/or
organization of placement of the securities. The persons
providing services of placement and/or organization of
placement of the securities have no duties related with the
provision of market-maker services.
whether such a person has the right to acquire
additional number of securities of the issuer out of the
number of placed (outstanding) securities of the issuer of
the same kind, category (type) as the placed securities,
which may be exercised or not exercised, depending on
the results of the securities placement, and in the presence
of such a right - an additional number (procedure for
determining the number) of the securities that may be
purchased by such a person, and time (procedure for
determining the time), within which the said person may
exercise the right to acquire additional number of
securities: Persons providing services of placement and/or
organization of placement of the securities have no right
to acquire additional number of securities of the Issuer
out of the placed (outstanding) securities of the Issuer of
the same kind, category (type) as the placed securities,
which may be exercised or not exercised, depending on
the results of the securities placement.
amount of remuneration of the person rendering
services on placement and/or organization of placement of
the securities: Remuneration of the persons providing
services of placement and/or organization of placement of
the securities will not exceed 1.0% (One percent) of the
nominal value of the issue of the Commercial Papers
(including VAT).
It is not planned to offer the previously placed
TIN: 7708710924
PSRN: 1097746831709
Location: Russia, GSP-6, 107996, Moscow, Akademika
Sakharova Avenue, 9
Postal address: Russia, 107078, Moscow, Mashi
Poryvayevoi Street, 7
License number: License for brokerage activities #07713226-100000
Date of issue: 27.07.2010
Validity: no expiration date
Issuing authority: FFMS of Russia
Any of the specified Organizers can act as the
Underwriter of the Commercial Papers, acting on behalf and
at the expense of the Issuer.
Before the date of the placement beginning, the Issuer
discloses information about the Underwriters, to which the
Participants in a bidding process of SEM MICEX will
forward applications for the purchase of the Commercial
Papers during the term of the Commercial Papers placement
in the form of a notice on essential fact in accordance with
paragraph 11 of the Securities Issuance Resolution and p. 2.9
of the Prospectus of Securities.
The Issuer shall notify the Exchange of the
Underwriter, to which Participants in a bidding process will
apply for the purchase of the Commercial Papers during the
placement of the Commercial Papers, not later than 1 (one)
day as from the date of taking by the Issuer’s authorized
management body of the resolution and no later than 1 (One)
day before the date of beginning of the Commercial Papers
placement.
Main functions of the Organizers:
• elaboration of recommendations in respect
of the parameters, conditions of issue and
placement of the Commercial Papers;
• assistance in the drafting of the
documentation required for placement and
circulation of the Commercial Papers;
• preparation,
organization
and
implementation
of
marketing
and
presentation activities before placement of
the Commercial Papers;
• providing advice on the matters related
with the requirements of the applicable
Russian laws imposed on the procedure of
issuance of the Commercial Papers, their
placement, circulation and repayment,
including the provision of advice when
disclosing information on the stages of the
issuance of securities and help in preparing
relevant informational messages;
• implementation of other actions required
for the placement of the Commercial
Papers placed.
Main functions of the Underwriter:
• implementation of meeting the bids for
purchase of the Commercial Papers,
submitted by participants in a bidding
process on the Exchange in an initial
placement of the Commercial Papers, in
(outstanding) securities of the same kind, category (type)
for acquisition, including outside of the Russian
Federation, by way of placing relevant foreign securities,
simultaneously with the placement of the Commercial
Papers.
If it is planned to offer the previously placed
(outstanding) securities of the same kind, category (type)
for acquisition, including outside of the Russian
Federation, by way of placing relevant foreign securities,
simultaneously with the placement of the securities,
additional specification of the information: not planned.
accordance with the conditions established
by the Commercial Papers Issuance
Resolution,
Commercial
Papers
Prospectus;
• as from the date of beginning of the
Commercial Papers placement, completion
of deals related with the Commercial
Papers placement by way of meeting the
bids for the purchase of the Commercial
Papers in accordance with the Bidding
Rules of the Exchange and in accordance
with the conditions established by the
Securities Issuance Resolution and the
Commercial Papers Prospectus;
• transfer of funds received during the
placement of the Commercial Papers and
credited with the account of the
Underwriter in NSD, to the Issuer's account
no later than 1 (One) business day after
they are credited;
• provision of a report to the Issuer on the
transactions and operations with the
securities, completed in the interests of the
Issuer during a day, no later than 1 (One)
business day after completion of the
Commercial Papers sale transactions to the
first owners.
main functions of a person providing services on
placement and/or organization of placement of the securities ,
including:
whether such a person has duties to acquire the
securities which were not placed in time; if such a duty is
available – besides, the number (procedure for determining
the number) of securities which were not placed in time,
which shall be purchased by such a person, and time
(procedure for determining the time), after which the person
shall purchase such a number of securities: Persons providing
services of placement and/or organization of placement of the
securities in accordance with the agreement between the
Issuer and such persons have no duties for the acquisition of
the securities which were not placed in time.
whether such a person has duties related with
maintaining prices for the placed securities at a certain level
for a certain period after the completion of their placement
(stabilization), including duties related with the provision of
market-maker services; in the presence of such a duty –
besides, the time (procedure for determining the time), during
which the person shall perform stabilization or provide
market maker services: Duty associated with maintaining
prices for the placed securities at a certain level for a certain
period after the completion of their placement (stabilization)
is not established by the agreement between the Issuer and
the persons providing services of placement and/or
organization of placement of the securities. The persons
providing services of placement and/or organization of
placement of the securities have no duties related with the
provision of market-maker services.
whether such a person has the right to acquire
additional number of securities of the issuer out of the number
of placed (outstanding) securities of the issuer of the same
kind, category (type) as the placed securities, which may be
exercised or not exercised, depending on the results of the
securities placement, and in the presence of such a right - an
additional number (procedure for determining the number) of
the securities that may be purchased by such a person, and
time (procedure for determining the time), within which the
said person may exercise the right to acquire additional
number of securities: Persons providing services of
placement and/or organization of placement of the securities
have no right to acquire additional number of securities of the
Issuer out of the placed (outstanding) securities of the Issuer
of the same kind, category (type) as the placed securities,
which may be exercised or not exercised, depending on the
results of the securities placement.
amount of remuneration of the person rendering
services on placement and/or organization of placement of the
securities: Remuneration of the persons providing services of
placement and/or organization of placement of the securities
will not exceed 1.0% (One percent) of the nominal value of
the issue of the Commercial Papers (including VAT).
It is not planned to offer the previously placed
(outstanding) securities of the same kind, category (type) for
acquisition, including outside of the Russian Federation, by
way of placing relevant foreign securities, simultaneously
with the placement of the Commercial Papers.
If it is planned to offer the previously placed
(outstanding) securities of the same kind, category (type) for
acquisition, including outside of the Russian Federation, by
way of placing relevant foreign securities, simultaneously
with the placement of the securities, additional specification
of the information: not planned
To introduce changes in the paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series
BО-05”, “C: Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial
Papers of series BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause
2.6. “Procedure and terms of payment of placed equity securities” with respect to the details of the credit entity:
Text of the version to be changed:
Text of the new version, including changes:
Credit entity:
Credit entity:
Full firm name in the Russian language:
Full firm name in the Russian language: Небанковская
Небанковская кредитная организация закрытое кредитная организация закрытое акционерное общество
акционерное общество «Национальный расчетный «Национальный расчетный депозитарий» (Nonbank
депозитарий» (Nonbank Credit Organization Closed Credit Organization Closed Joint Stock Company “National
Joint Stock Company “National Settlement Depositary”).
Settlement Depositary”).
Abbreviated firm name in the Russian language:
Abbreviated firm name in the Russian language: НКО
НКО ЗАО НРД (NCO CJSC NSD).
ЗАО НРД (NCO CJSC NSD).
Seat: 125009, Moscow, Sredniy Kislovskiy sideSeat: Moscow, Spartakovskaya Street, 12.
street, 1/13, bldg. 8.
Address for sending correspondence (postal address):
Address for sending correspondence (postal 105066, Moscow, Spartakovskaya Street, 12.
address): 105066, Moscow, Spartakovskaya Street, 12.
RRC: 044583505
RRC: 044583505
Corr. account: #30105810100000000505 in Division
Corr. account: #30105810100000000505 in #1 of the Main Administration of the Central Bank of the for
Division #1 of Moscow MTA (main territorial the Central Federal District of the city of Moscow
administration) of the Bank of Russia
To introduce changes in the paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series
BО-05”, “C: Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial
Papers of series BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause
2.7. “Procedure and terms of conclusion of agreements during placement of equity securities”:
Text of the version to be changed:
Text of the new version, including changes:
In case of placement of securities by way of
In case of placement of securities by way of
subscription - description of the procedure and conditions of
entering into agreements during the placement of securities,
including the form and method of entering into agreements,
place and time of entering into them.
Placement of the Commercial Papers can be carried
out with or without the inclusion of the Commercial Papers
in one of the quotation lists CJSC "MICEX SEM". At the
same time, when the Commercial Papers are included in the
quotation list, such inclusion will be implemented in
accordance with the rules applicable in CJSC "Stock
Exchange Market MICEX".
Procedure and conditions of entering into
agreements (order and conditions of submitting and meeting
bids) during the securities placement:
The Commercial Papers placement is carried out by
entering into sale and purchase transactions at the price of
placement of the Commercial Papers, which is specified in
paragraph 8.4 of the Securities Issuance Resolution and
paragraph 2.4 of the Prospectus of Securities (hereinafter the "Placement Price").
In the process of placement of the Commercial
Papers, transactions are entered into at CJSC " Stock
Exchange Market MICEX" (hereinafter - the "Exchange",
"MICEX SEM") by way of meeting targeted applications for
the purchase of the Commercial Papers filed via the
Exchange Bidding System in accordance with the Rules on
Securities Bidding in CJSC "Stock Exchange Market
MICEX" (hereinafter - the "Exchange Bidding Rules",
"Exchange Rules")
Organizations providing services to the Issuer which
are related with placement organization and placement of
the Commercial Papers (hereinafter individually – the
"Organizer" or collectively - the "Organizers") are
"Gazprombank" (Open Joint Stock Company), Closed Joint
Stock Company "VTB Capital", CJSC "Sberbank CIB",
Closed Joint Stock Company "Raiffeisenbank", Joint-Stock
Commercial Bank "ROSBANK" (open joint stock company),
Open Joint Stock Company "BANK URALSIB", Limited
Liability Company "URALSIB Capital", Open Joint Stock
Company Bank "Otkrytie", Open Joint Stock Company
"Promsvyazbank", Open Joint Stock Company "ALFABANK",
Interregional
Commercial
Bank
of
Communications Development and Informatics (Open Joint
Stock Company), Limited Liability Company "Investment
Company of Vnesheconombank" ("VEB Capital")."
Placement of the Commercial Papers will be carried
out by the Issuer with the involvement of one of the
Organizers as a person providing services to the Issuer in
respect of the Commercial Papers placement (hereinafter the "Underwriter").
Before the date of the placement beginning, the
Issuer discloses information about the Underwriters, to
which the participants in a bidding process of SEM MICEX
will forward applications for the purchase of the
Commercial Papers during the term of the Commercial
Papers placement in the form of a notice on essential fact in
accordance with paragraph 11 of the Securities Issuance
Resolution and p. 2.9 of the Prospectus of Securities.
subscription - description of the procedure and conditions of
entering into agreements during the placement of securities,
including the form and method of entering into agreements,
place and time of entering into them.
Placement of the Commercial Papers can be carried
out with or without the inclusion of the Commercial Papers
in one of the quotation lists CJSC "MICEX SEM". At the
same time, when the Commercial Papers are included in the
quotation list, such inclusion will be implemented in
accordance with the rules applicable in CJSC "Stock
Exchange Market MICEX".
Procedure and conditions of entering into
agreements (order and conditions of submitting and meeting
bids) during the securities placement:
The Commercial Papers placement is carried out by
entering into sale and purchase transactions at the price of
placement of the Commercial Papers, which is specified in
paragraph 8.4 of the Securities Issuance Resolution and
paragraph 2.4 of the Prospectus of Securities (hereinafter the "Placement Price").
In the process of placement of the Commercial
Papers, transactions are entered into at CJSC " Stock
Exchange Market MICEX" (hereinafter - the "Exchange",
"MICEX SEM") by way of meeting targeted applications for
the purchase of the Commercial Papers filed via the
Exchange Bidding System in accordance with the Rules on
Securities Bidding in CJSC "Stock Exchange Market
MICEX" (hereinafter - the "Exchange Bidding Rules",
"Exchange Rules")
Organizations providing services to the Issuer which
are related with placement organization and placement of
the Commercial Papers (hereinafter individually – the
"Organizer" or collectively - the "Organizers") are
"Gazprombank" (Open Joint Stock Company), Closed Joint
Stock Company "VTB Capital", CJSC "Sberbank CIB",
Closed Joint Stock Company "Raiffeisenbank", Joint-Stock
Commercial Bank "ROSBANK" (open joint stock company),
Open Joint Stock Company "BANK URALSIB", Limited
Liability Company "URALSIB Capital", Open Joint Stock
Company Bank "Otkrytie", Open Joint Stock Company
"Promsvyazbank", Open Joint Stock Company "ALFABANK",
Interregional
Commercial
Bank
of
Communications Development and Informatics (Open Joint
Stock Company), Limited Liability Company "Investment
Company of Vnesheconombank" ("VEB Capital")."
Placement of the Commercial Papers will be carried
out by the Issuer with the involvement of one of the
Organizers as a person providing services to the Issuer in
respect of the Commercial Papers placement (hereinafter the "Underwriter").
Before the date of the placement beginning, the
Issuer discloses information about the Underwriters, to
which the participants in a bidding process of SEM MICEX
will forward applications for the purchase of the
Commercial Papers during the term of the Commercial
Papers placement in the form of a notice on essential fact in
accordance with paragraph 11 of the Securities Issuance
Resolution and p. 2.9 of the Prospectus of Securities.
Full corporate name: "Gazprombank" (Open Joint
Stock Company)
Abbreviated name: GPB (OJSC)
TIN: 7744001497
Full corporate name: "Gazprombank" (Open Joint
Stock Company)
Abbreviated name: GPB (OJSC)
TIN: 7744001497
PSRN: 1027700167110
Location: 117420, Moscow, Nametkina Street, 16,
bldg. 1
Postal address: 117420, Moscow, Nametkina Street,
16, bldg. 1
License number: License for brokerage activities
#177-04229-100000
Date of issue: 27.12.2000
Validity: no expiration date
Issuing authority: FCS (Federal Securities
Commission) of Russia
PSRN: 1027700167110
Location: 117420, Moscow, Nametkina Street, 16,
bldg. 1
Postal address: 117420, Moscow, Nametkina Street,
16, bldg. 1
License number: License for brokerage activities
#177-04229-100000
Date of issue: 27.12.2000
Validity: no expiration date
Issuing authority: FCS (Federal Securities
Commission) of Russia
Full corporate name: Closed Joint Stock Company
"VTB Capital"
Abbreviated name: CJSC "VTB Capital"
TIN: 7703585780
PSRN: 1067746393780
Location: Moscow, Presnenskaya Embankment, 12
Postal address: 123100, Moscow, Presnenskaya
Embankment, 12
License number: License for brokerage activities
#177-11463-100000
Date of issue: 31.07. 2008
Validity: no expiration date
Issuing authority: FFMS of Russia
Full corporate name: Closed Joint Stock Company
"VTB Capital"
Abbreviated name: CJSC "VTB Capital"
TIN: 7703585780
PSRN: 1067746393780
Location: Moscow, Presnenskaya Embankment, 12
Postal address: 123100, Moscow, Presnenskaya
Embankment, 12
License number: License for brokerage activities
#177-11463-100000
Date of issue: 31.07. 2008
Validity: no expiration date
Issuing authority: FFMS of Russia
Full corporate name: Closed Joint Stock Company
"Sberbank CIB"
Abbreviated name: CJSC "Sberbank CIB"
TIN: 7710048970
PSRN: 1027739007768
Location: Russian Federation, 125009, Moscow,
Romanov side-street, 4
Postal address: Russian Federation, 125009,
Moscow, Romanov side-street, 4
License number: License for brokerage activities
#177-06514-100000
Date of issue: 08.04.2003
Validity: no expiration date
Issuing authority: FCS of Russia
Full corporate name: Closed Joint Stock Company
"Sberbank CIB"
Abbreviated name: CJSC "Sberbank CIB"
TIN: 7710048970
PSRN: 1027739007768
Location: Russian Federation, 125009, Moscow,
Romanov side-street, 4
Postal address: Russian Federation, 125009,
Moscow, Romanov side-street, 4
License number: License for brokerage activities
#177-06514-100000
Date of issue: 08.04.2003
Validity: no expiration date
Issuing authority: FCS of Russia
Full corporate name: Closed Joint Stock Company
"Raiffeisenbank"
Abbreviated name: CJSC "Raiffeisenbank"
TIN: 7744000302
PSRN: 1027739326449
Location: 129090, Moscow, Troitskaya Street, 17,
bldg. 1
Postal address: 129090, Moscow, Troitskaya Street,
17, bldg. 1
License number: License for brokerage activities
#177-02900-100000
Date of issue: 27.11.2000
Validity: no expiration date
Issuing authority: FCS of Russia
Full corporate name: Closed Joint Stock Company
"Raiffeisenbank"
Abbreviated name: CJSC "Raiffeisenbank"
TIN: 7744000302
PSRN: 1027739326449
Location: 129090, Moscow, Troitskaya Street, 17,
bldg. 1
Postal address: 129090, Moscow, Troitskaya Street,
17, bldg. 1
License number: License for brokerage activities
#177-02900-100000
Date of issue: 27.11.2000
Validity: no expiration date
Issuing authority: FCS of Russia
Full company name: Joint Stock Commercial Bank
"ROSBANK" (Open Joint Stock Company)
Abbreviated name: OJSC JSCB “ROSBANK”
TIN: 7730060164
PSRN: 1027739460737
Location: 107078, Moscow, Mashi Poryvayevoi
Street, 11
Full company name: Joint Stock Commercial Bank
"ROSBANK" (Open Joint Stock Company)
Abbreviated name: OJSC JSCB “ROSBANK”
TIN: 7730060164
PSRN: 1027739460737
Location: 107078, Moscow, Mashi Poryvayevoi
Street, 11
Postal address: 107078, Moscow, Mashi Poryvayevoi
Street, 11
License number: License for brokerage activities
#177-05721-100000
Date of issue: 06.11.2001
Validity: no expiration date
Issuing authority: FCS of Russia
Postal address: 107078, Moscow, Mashi Poryvayevoi
Street, 11
License number: License for brokerage activities
#177-05721-100000
Date of issue: 06.11.2001
Validity: no expiration date
Issuing authority: FCS of Russia
Full company name: Open Joint Stock Company
"BANK URALSIB"
Abbreviated name: OJSC "URALSIB"
TIN: 0274062111
PSRN: 1020280000190
Location: 119048, Moscow, Efremova Street, 8
Postal address: 119048, Moscow, Efremova Street, 8
License number: License for brokerage activities
#177-06461-100000
Date of issue: 07.03.2003
Validity: no expiration date
Issuing authority: FFMS of Russia
Full company name: Open Joint Stock Company
"BANK URALSIB"
Abbreviated name: OJSC "URALSIB"
TIN: 0274062111
PSRN: 1020280000190
Location: 119048, Moscow, Efremova Street, 8
Postal address: 119048, Moscow, Efremova Street, 8
License number: License for brokerage activities
#177-06461-100000
Date of issue: 07.03.2003
Validity: no expiration date
Issuing authority: FFMS of Russia
Full company name: Limited Liability Company
"URALSIB Capital"
Abbreviated name: "URALSIB Capital"
TIN: 7707194868
PSRN: 1027739000739
Location: 119048, Moscow, Efremova Street, 8
Postal address: 119048, Moscow, Efremova Street, 8
License number: License for brokerage activities
#177-04926-100000
Date of issue: 28.03.2001
Validity: no expiration date
Issuing authority: FCS of Russia
Full company name: Limited Liability Company
"URALSIB Capital"
Abbreviated name: "URALSIB Capital"
TIN: 7707194868
PSRN: 1027739000739
Location: 119048, Moscow, Efremova Street, 8
Postal address: 119048, Moscow, Efremova Street, 8
License number: License for brokerage activities
#177-04926-100000
Date of issue: 28.03.2001
Validity: no expiration date
Issuing authority: FCS of Russia
Full company name: Open Joint Stock Company
Bank "Otkrytie"
Abbreviated name: OJSC Bank "Otkrytie"
TIN: 7744003399
PSRN: 1037711013295
Location: 119021, Moscow, Timura Frunze Street,
11, bldg. 13
Postal address: 119021, Moscow, Timura Frunze
Street, 11, bldg. 13
License number: License for brokerage activities
#177-03454-100000
Date of issue: 07.12.2000
Validity: no expiration date
Issuing authority: FFMS of Russia
Full company name: Open Joint Stock Company
Bank "Otkrytie"
Abbreviated name: OJSC Bank "Otkrytie"
TIN: 7744003399
PSRN: 1037711013295
Location: 119021, Moscow, Timura Frunze Street,
11, bldg. 13
Postal address: 119021, Moscow, Timura Frunze
Street, 11, bldg. 13
License number: License for brokerage activities
#177-03454-100000
Date of issue: 07.12.2000
Validity: no expiration date
Issuing authority: FFMS of Russia
Full company name: Open Joint Stock Company
"Promsvyazbank"
Abbreviated name: OJSC "Promsvyazbank"
TIN: 7744000912
PSRN: 1027739019142
Location: Russian Federation, 109052, Moscow,
Smirnovskaya Street, 10, bldg. 22
Postal address: Russian Federation, 109052,
Moscow, Smirnovskaya Street, 10, bldg. 22
License number: License for brokerage activities
#177-03816-100000
Date of issue: 13.12.2000
Validity: no expiration date
Issuing authority: FFMS of Russia
Full company name: Open Joint Stock Company
"Promsvyazbank"
Abbreviated name: OJSC "Promsvyazbank"
TIN: 7744000912
PSRN: 1027739019142
Location: Russian Federation, 109052, Moscow,
Smirnovskaya Street, 10, bldg. 22
Postal address: Russian Federation, 109052,
Moscow, Smirnovskaya Street, 10, bldg. 22
License number: License for brokerage activities
#177-03816-100000
Date of issue: 13.12.2000
Validity: no expiration date
Issuing authority: FFMS of Russia
Full corporate name: Open Joint Stock Company
"ALFA-BANK"
Abbreviated name: OJSC "ALFA-BANK"
TIN: 7728168971
PSRN: 1027700067328
Location: 107078, Moscow, Kalanchevskaya Street,
27
Postal address: 107078, Moscow, Akademika
Sakharova Avenue, 12
License number: License for brokerage activities
#177-03471-100000
Date of issue: 07.12.2000
Validity: no expiration date
Issuing authority: FCS of Russia
Full corporate name: Open Joint Stock Company
"ALFA-BANK"
Abbreviated name: OJSC "ALFA-BANK"
TIN: 7728168971
PSRN: 1027700067328
Location: 107078, Moscow, Kalanchevskaya Street,
27
Postal address: 107078, Moscow, Akademika
Sakharova Avenue, 12
License number: License for brokerage activities
#177-03471-100000
Date of issue: 07.12.2000
Validity: no expiration date
Issuing authority: FCS of Russia
Full corporate name: Interregional Commercial Bank
of Communications Development and Informatics (Open
Joint Stock Company)
Abbreviated name: OJSC JSCB "Svyaz-Bank"
TIN: 7710301140
PSRN: 1027700159288
Location: 125375, Moscow, Tverskaya Street, 7
Postal address: 125375, Moscow, Tverskaya Street, 7
License number: License for brokerage activities
#177-10817-100000
Date of issue: 06.12.2007
Validity: no expiration date
Issuing authority: FFMS of Russia
Full corporate name: Interregional Commercial Bank
of Communications Development and Informatics (Open
Joint Stock Company)
Abbreviated name: OJSC JSCB "Svyaz-Bank"
TIN: 7710301140
PSRN: 1027700159288
Location: 125375, Moscow, Tverskaya Street, 7
Postal address: 125375, Moscow, Tverskaya Street, 7
License number: License for brokerage activities
#177-10817-100000
Date of issue: 06.12.2007
Validity: no expiration date
Issuing authority: FFMS of Russia
Full company name: Limited Liability Company
"Investment Company of Vnesheconombank ("VEB
Capital")"
Abbreviated name: LLC "VEB Capital"
TIN: 7708710924
PSRN: 1097746831709
Location: Russia, GSP-6, 107996, Moscow,
Akademika Sakharova Avenue, 9
Postal address: Russia, 107078, Moscow, Mashi
Poryvayevoi Street, 7
License number: License for brokerage activities
#077-13226-100000
Date of issue: 27.07.2010
Validity: no expiration date
Issuing authority: FFMS of Russia
Full company name: Limited Liability Company
"Investment Company of Vnesheconombank ("VEB
Capital")"
Abbreviated name: LLC "VEB Capital"
TIN: 7708710924
PSRN: 1097746831709
Location: Russia, GSP-6, 107996, Moscow,
Akademika Sakharova Avenue, 9
Postal address: Russia, 107078, Moscow, Mashi
Poryvayevoi Street, 7
License number: License for brokerage activities
#077-13226-100000
Date of issue: 27.07.2010
Validity: no expiration date
Issuing authority: FFMS of Russia
Bidding is held in accordance with the Exchange
Rules, which are registered in the prescribed manner by the
federal executive body for the securities market, and
effective at the date of the bidding.
In this case, placement of the Commercial Papers
can be carried out in the form of the tender for the
definition of the coupon rate for the first coupon period
(hereinafter - the "Tender") or by way of collecting direct
applications from purchasers for the purchase of the
Commercial Papers at a fixed price and coupon rate for the
first coupon period, determined beforehand by the Issuer in
the manner and on the terms specified in the Securities
Issuance Resolution and Prospectus of Securities. The
resolution on the procedure for placement of the
Commercial Papers is taken by the sole executive body of
the Issuer before the date of commencement of the
Commercial Papers placement and is disclosed in
Bidding is held in accordance with the Exchange
Rules, which are registered in the prescribed manner by the
Central Bank of the Russian Federation or another
authorized body for regulation, control and supervision in
the financial markets sector, and effective at the date of the
bidding.
In this case, placement of the Commercial Papers
can be carried out in the form of the tender for the
definition of the coupon rate for the first coupon period
(hereinafter - the "Tender") or by way of collecting direct
applications from purchasers for the purchase of the
Commercial Papers at a fixed price and coupon rate for the
first coupon period, determined beforehand by the Issuer in
the manner and on the terms specified in the Securities
Issuance Resolution and Prospectus of Securities. The
resolution on the procedure for placement of the
Commercial Papers is taken by the sole executive body of
accordance with clause 11 of Securities Issuance Resolution
and clause 2.9 of the Prospectus of Securities.
Issuer shall inform the Exchange and NSD about
taken resolutions not later than 1 (One) day from the date of
taking by the Issuer’s sole executive body of the resolution
on the order of placement of the Commercial Papers and no
later than 1 (One) day before the date of commencement of
the Commercial Papers placement.
1) Placement of the Commercial Papers in the form
of the Tender for the definition of the coupon rate for the
first coupon period:
Completion of transactions related with placement of
the Commercial Papers begins on the date of placement of
the Commercial Papers after summing up the Tender and
ends on the date of completion of the Commercial Papers
placement.
Resolution on approval of the Commercial Papers
purchase transaction completed during placement of the
Commercial Papers, which is an interested party
transaction, must be taken before its conclusion in the
manner prescribed by the federal laws.
Coupon interest rate for the first coupon period of
the Commercial Papers is determined following the results
of holding the Tender at the Exchange among potential
buyers of the Commercial Papers on the date of
commencement of the Commercial Papers placement.
If a potential buyer is not Participant in a Bidding
Process of the Exchange (hereinafter - the "Participant in a
Bidding Process"), it must enter into a respective agreement
with any Participant in a Bidding Process and instruct it to
purchase the Commercial Papers. A potential buyer of the
Commercial Papers which is the Participant in a Bidding
Process acts independently.
Potential buyer is obliged to open a custodial
account with the appropriate NSD or Depositary.
Procedure and terms for opening custodial accounts are
determined by the provisions envisaged by the regulations
of the respective depositaries.
On the day of holding the Tender, Participants in a
Bidding Process submit targeted applications for the
purchase of the Commercial Papers for the Tender using
the Exchange Bidding System both at their own expense and
at clients’ expense. Time and procedure for submitting
applications to the Tender are set by the Exchange, as
agreed by the Issuer and/or Underwriter.
Applications for the purchase of the Commercial
Papers are submitted by Participants in a Bidding Process
to the Underwriter.
Application for the purchase must contain the
following material terms:
- purchase price (100% of the nominal value);
- number of Commercial Papers;
- coupon interest rate of the first coupon period;
- code of calculations used when entering into the
transaction related with securities to be included in the
clearing pool of the clearing organization under the
conditions of multilateral or simple clearing, and
determining that the collateral control procedure is carried
out during entering into the transaction, and the date of
entering into the transaction is the due date of the
transaction execution with securities;
- other parameters in accordance with the Exchange
Rules.
the Issuer before the date of commencement of the
Commercial Papers placement and is disclosed in
accordance with clause 11 of Securities Issuance Resolution
and clause 2.9 of the Prospectus of Securities.
Issuer shall inform the Exchange and NSD about
taken resolutions not later than 1 (One) day from the date of
taking by the Issuer’s sole executive body of the resolution
on the order of placement of the Commercial Papers and no
later than 1 (One) day before the date of commencement of
the Commercial Papers placement.
1) Placement of the Commercial Papers in the form
of the Tender for the definition of the coupon rate for the
first coupon period:
Completion of transactions related with placement of
the Commercial Papers begins on the date of placement of
the Commercial Papers after summing up the Tender and
ends on the date of completion of the Commercial Papers
placement.
Coupon interest rate for the first coupon period of
the Commercial Papers is determined following the results
of holding the Tender at the Exchange among potential
buyers of the Commercial Papers on the date of
commencement of the Commercial Papers placement.
If a potential buyer is not Participant in a Bidding
Process of the Exchange (hereinafter - the "Participant in a
Bidding Process"), it must enter into a respective agreement
with any Participant in a Bidding Process and instruct it to
purchase the Commercial Papers. A potential buyer of the
Commercial Papers which is the Participant in a Bidding
Process acts independently.
Potential buyer is obliged to open a custodial
account with the appropriate NSD or Depositary.
Procedure and terms for opening custodial accounts are
determined by the provisions envisaged by the regulations
of the respective depositaries.
On the day of holding the Tender, Participants in a
Bidding Process submit targeted applications for the
purchase of the Commercial Papers for the Tender using
the Exchange Bidding System both at their own expense and
at clients’ expense. Time and procedure for submitting
applications to the Tender are set by the Exchange, as
agreed by the Issuer and/or Underwriter.
Applications for the purchase of the Commercial
Papers are submitted by Participants in a Bidding Process
to the Underwriter.
Application for the purchase must contain the
following material terms:
- purchase price (100% of the nominal value);
- number of Commercial Papers;
- coupon interest rate of the first coupon period;
- code of calculations used when entering into the
transaction related with securities to be included in the
clearing pool of the clearing organization under the
conditions of multilateral or simple clearing, and
determining that the collateral control procedure is carried
out during entering into the transaction, and the date of
entering into the transaction is the due date of the
transaction execution with securities;
- other parameters in accordance with the Exchange
Rules.
Price of Commercial Papers Placement, which is
established by the Securities Issuance Resolution and
Prospectus of Securities shall be specified as the purchase
Price of Commercial Papers Placement, which is
established by the Securities Issuance Resolution and
Prospectus of Securities shall be specified as the purchase
price.
Number of the Commercial Papers, which a potential
buyer would like to purchase, if the issuer's authorized body
sets a coupon interest rate of the first coupon period equal
to or greater to the amount of the coupon interest rate for
the first coupon period specified in the application shall be
specified as the number of the Commercial Papers.
Amount (in numerical expression within the accuracy
of two figures following a point) of the coupon interest rate
for the first coupon period, the announcement of which by
the Issuer enables the potential buyer to be ready to buy the
number of the Commercial Papers specified in the
application at the price of 100% of the nominal value is
specified as the amount of coupon interest rate for the first
coupon period.
Amount of the interest rate shall be expressed in per
cent per annum with the accuracy of basis point.
For this purpose, money shall be reserved in bidding
accounts of the Participants in a Bidding Process in the
Nonbank Credit Organization Closed Joint Stock Company
“National Settlement Depositary” in the amount, which is
sufficient for full payment of the Commercial Papers
specified in the applications for acquisition of the
Commercial Papers, subject to all necessary commission
fees.
Full name: Non-Banking Credit Organization Closed
Joint Stock Company "National Settlement Depositary"
Abbreviation: NCO CJSC NSD
Location: 125009, Moscow, Kislovsky side-street,
1/13, bldg. 8
Postal address: 105066, Moscow, Spartakovskaya
Street, 12
Number of license for banking operations: #3294
Validity: no expiration date
Date of issue: 26.07.2012
Issuing authority: CB RF
RCBIC: 044583505
Corr. account: 30105810100000000505
Applications which do not meet the requirements
stated above are not admitted for participation in the
Tender.
Upon termination of the period of submitting
applications for the Tender, the Exchange makes a summary
register of applications for acquisition of securities
(hereinafter referred to as the “Summary Register of
Applications”) and transfers it to the Underwriter.
Summary Register of Applications contains all
significant conditions of each application - the purchase
price, number of securities, date and time of receipt of the
application, application number, amount of the appropriate
coupon interest rate for the first coupon period, and other
details according to the Exchange Rules.
On the basis of the analysis of the applications
submitted to the Tender, the Issuer’s authorized
management body takes the decision on the coupon interest
rate amount for the first coupon period and reports the
decision taken to the Exchange in writing not later than 30
minutes prior to its sending to the news agency for
price.
Number of the Commercial Papers, which a potential
buyer would like to purchase, if the issuer's authorized body
sets a coupon interest rate of the first coupon period equal
to or greater to the amount of the coupon interest rate for
the first coupon period specified in the application shall be
specified as the number of the Commercial Papers.
Amount (in numerical expression within the accuracy
of two figures following a point) of the coupon interest rate
for the first coupon period, the announcement of which by
the Issuer enables the potential buyer to be ready to buy the
number of the Commercial Papers specified in the
application at the price of 100% of the nominal value is
specified as the amount of coupon interest rate for the first
coupon period.
Amount of the interest rate shall be expressed in per
cent per annum with the accuracy of basis point.
For this purpose, money shall be reserved in bidding
accounts of the Participants in a Bidding Process in the
Nonbank Credit Organization Closed Joint Stock Company
“National Settlement Depositary” in the amount, which is
sufficient for full payment of the Commercial Papers
specified in the applications for acquisition of the
Commercial Papers, subject to all necessary commission
fees.
Full name: Non-Banking Credit Organization Closed
Joint Stock Company "National Settlement Depositary"
Abbreviation: NCO CJSC NSD
Location: Moscow, Spartakovskaya Street, 12
Postal address: 105066, Moscow, Spartakovskaya
Street, 12
Number of license for banking operations: #3294
Validity: no expiration date
Date of issue: 26.07.2012
Issuing authority: Central Bank of the Russian
Federation
RCBIC: 044583505
Corr. account: 30105810100000000505 in Division
#1 of the Main Administration of the Central Bank of the for
the Central Federal District of the city of Moscow
Applications which do not meet the requirements
stated above are not admitted for participation in the
Tender.
Upon termination of the period of submitting
applications for the Tender, the Exchange makes a summary
register of applications for acquisition of securities
(hereinafter referred to as the “Summary Register of
Applications”) and transfers it to the Underwriter.
Summary Register of Applications contains all
significant conditions of each application - the purchase
price, number of securities, date and time of receipt of the
application, application number, amount of the appropriate
coupon interest rate for the first coupon period, and other
details according to the Exchange Rules.
On the basis of the analysis of the applications
submitted to the Tender, the Issuer’s authorized
management body takes the decision on the coupon interest
rate amount for the first coupon period and reports the
decision taken to the Exchange in writing simultaneously
with publication of such information in the Newswire. The
information on the coupon interest rate amount for the first
publication in the Newswire. The information on the coupon
interest rate amount for the first coupon period is disclosed
by the Issuer in the order described in clause 11 of the
Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities. After publication in the Newswire
of the notice on the coupon interest rate amount for the first
coupon period (according to the order provided by clause
11 of the Securities Issuance Resolution and clause 2.9 of
the Prospectus of Securities), the Issuer reports the coupon
interest rate amount for the first coupon period to the
Underwriter.
After obtaining the information on the interest rate
amount on the first coupon from the Issuer, the Underwriter
concludes transactions by way of satisfying the
applications, according to the order established by the
Securities Issuance Resolution, Prospectus of Securities and
the Exchange Rules, and only those applications are
satisfied, the amount of the coupon interest rate for the first
coupon period of which is less than or equal to the amount
of the established coupon interest rate for the first coupon
period.
When satisfying applications for acquisition of the
Commercial Papers submitted during the Tender held,
applications with the minimum amount of the coupon
interest rate for the first coupon period have a priority.
In the event of presence of applications with the
identical coupon interest rate for the first coupon period,
those applications have the priority in being satisfied, which
were submitted earlier as to time. Unsatisfied applications
of the Participants in a Bidding Process are rejected by the
Underwriter.
After definition of the coupon rate for the first
coupon period and satisfaction of the applications submitted
during the Tender, the Participants in a Bidding Process
acting both at their own expense, and at the expense and on
the instructions of potential buyers can submit targeted
applications during the placement period for acquisition of
the Commercial Papers at the price of placement, to the
address of the Underwriter in case of incomplete placement
of the issue of the Commercial Papers during the Tender.
Starting from the second day of placement of the
Commercial Papers, the purchaser, when entering into the
Commercial Papers sale and purchase transaction, pays
additionally the accumulated coupon yield (ACY) on the
Commercial Papers.
Submitted applications for acquisition of the
Commercial Papers are satisfied by the Underwriter in full
if the number of the Commercial Papers in the application
for acquisition of the Commercial Papers does not exceed
the number of incompletely placed Commercial Papers
(within the limits of the total number of the Commercial
Papers offered for placement). If the volume of the
application for acquisition of the Commercial Papers
exceeds the number of the Commercial Papers which have
remained unplaced, such an application for acquisition of
the Commercial Papers is satisfied in the amount of the
unplaced rest. In the event of placement of the whole volume
of the Commercial Papers assumed for placement,
satisfaction of the subsequent applications for acquisition of
the Commercial Papers is not performed.
Acquisition of the Issuer’s Commercial Papers
during their placement cannot be carried out at the Issuer’s
expense.
coupon period is disclosed by the Issuer in the order
described in clause 11 of the Securities Issuance Resolution
and clause 2.9 of the Prospectus of Securities. After
publication in the Newswire of the notice on the coupon
interest rate amount for the first coupon period (according
to the order provided by clause 11 of the Securities Issuance
Resolution and clause 2.9 of the Prospectus of Securities),
the Issuer reports the coupon interest rate amount for the
first coupon period to the Underwriter.
After obtaining the information on the interest rate
amount on the first coupon from the Issuer, the Underwriter
concludes transactions by way of satisfying the
applications, according to the order established by the
Securities Issuance Resolution, Prospectus of Securities and
the Exchange Rules, and only those applications are
satisfied, the amount of the coupon interest rate for the first
coupon period of which is less than or equal to the amount
of the established coupon interest rate for the first coupon
period.
When satisfying applications for acquisition of the
Commercial Papers submitted during the Tender held,
applications with the minimum amount of the coupon
interest rate for the first coupon period have a priority.
In the event of presence of applications with the
identical coupon interest rate for the first coupon period,
those applications have the priority in being satisfied, which
were submitted earlier as to time. Unsatisfied applications
of the Participants in a Bidding Process are rejected by the
Underwriter.
After definition of the coupon rate for the first
coupon period and satisfaction of the applications submitted
during the Tender, the Participants in a Bidding Process
acting both at their own expense, and at the expense and on
the instructions of potential buyers can submit targeted
applications during the placement period for acquisition of
the Commercial Papers at the price of placement, to the
address of the Underwriter in case of incomplete placement
of the issue of the Commercial Papers during the Tender.
Starting from the second day of placement of the
Commercial Papers, the purchaser, when entering into the
Commercial Papers sale and purchase transaction, pays
additionally the accumulated coupon yield (ACY) on the
Commercial Papers.
Submitted applications for acquisition of the
Commercial Papers are satisfied by the Underwriter in full
if the number of the Commercial Papers in the application
for acquisition of the Commercial Papers does not exceed
the number of incompletely placed Commercial Papers
(within the limits of the total number of the Commercial
Papers offered for placement). If the volume of the
application for acquisition of the Commercial Papers
exceeds the number of the Commercial Papers which have
remained unplaced, such an application for acquisition of
the Commercial Papers is satisfied in the amount of the
unplaced rest. In the event of placement of the whole volume
of the Commercial Papers assumed for placement,
satisfaction of the subsequent applications for acquisition of
the Commercial Papers is not performed.
Acquisition of the Issuer’s Commercial Papers
during their placement cannot be carried out at the Issuer’s
expense.
2) Placement of the Commercial Papers by way of
gathering targeted applications from purchasers for
2) Placement of the Commercial Papers by way of
gathering targeted applications from purchasers for
acquisition of the Commercial Papers at the fixed price and
the coupon rate for the first coupon period:
In case of placement of the Commercial Papers by
way of gathering targeted applications from purchasers for
acquisition of the Commercial Papers at the fixed price and
the coupon rate for the first coupon period, the Issuer’s sole
executive body makes the decision on the coupon interest
rate amount for the first coupon period before the date of
the Commercial Papers placement, not later than 1 (One)
day before the date of beginning of the Commercial Papers
placement. The information on the coupon interest rate
amount for the first coupon period is disclosed by the Issuer
according to clause 11 of the Securities Issuance Resolution
and clause 2.9 of the Prospectus of Securities. The Issuer
notifies the Exchange and NSD of the established rate not
later than 1 (One) day prior to beginning of the placement
date.
Placement of the Commercial Papers by way of
gathering targeted applications from purchasers for
acquisition of the Commercial Papers at the fixed price and
the coupon rate for the first coupon period stipulates an
invitation addressed to public at large to make a bid (offer)
on acquisition of placed securities. Targeted applications
from purchasers are offers of the participants in a bidding
process for acquisition of the placed Commercial Papers.
Answer about acceptance of bids (offers) about
acquisition of the placed Commercial Papers is sent to the
participants in a bidding process defined at the Issuer’s
discretion from among the participants in a bidding
process, which made such bids (offers) by way of putting
counter targeted applications. For this purpose, the
Participant in a Bidding Process agrees that its application
can be rejected, accepted completely or partially.
On the date of the placement beginning, Participants
in a Bidding Process, during the period of submitting
applications for acquisition of the Commercial Papers at
the fixed price and the coupon rate for the first coupon
period, submit targeted applications for acquisition of the
Commercial Papers, using the Exchange Bidding System
both at their own expense, and at clients’ expense.
Time and order of submitting targeted applications
during the period of submitting applications at the fixed
price and the coupon rate for the first coupon period is
established by the Exchange, as agreed by the Issuer and/or
Underwriter.
Upon termination of the period of submitting
applications for acquisition of the Commercial Papers at
the fixed price and the coupon rate for the first coupon
period, the Exchange makes the summary register of
applications for acquisition of the securities (hereinafter
referred to as the “Summary Register of Applications”) and
transfers it to the Underwriter.
Summary Register of Applications contains all
significant conditions of each application - the purchase
price, number of securities, date and time of receipt of the
application, application number, and other details
according to the Exchange Rules.
On the basis of the analysis of the Summary Register
of Applications, the Issuer defines purchasers, to which it
intends to sell the Commercial Papers, and the number of
the Commercial Papers it intends to sell to these
acquisition of the Commercial Papers at the fixed price and
the coupon rate for the first coupon period:
In case of placement of the Commercial Papers by
way of gathering targeted applications from purchasers for
acquisition of the Commercial Papers at the fixed price and
the coupon rate for the first coupon period, the Issuer’s sole
executive body makes the decision on the coupon interest
rate amount for the first coupon period before the date of
the Commercial Papers placement, not later than 1 (One)
day before the date of beginning of the Commercial Papers
placement. The information on the coupon interest rate
amount for the first coupon period is disclosed by the Issuer
according to clause 11 of the Securities Issuance Resolution
and clause 2.9 of the Prospectus of Securities. The Issuer
notifies the Exchange and NSD of the established rate not
later than 1 (One) day prior to beginning of the placement
date.
Placement of the Commercial Papers by way of
gathering targeted applications from purchasers for
acquisition of the Commercial Papers at the fixed price and
the coupon rate for the first coupon period stipulates an
invitation addressed to public at large to make a bid (offer)
on acquisition of placed securities. Targeted applications
from purchasers are offers of the participants in a bidding
process for acquisition of the placed Commercial Papers.
Answer about acceptance of bids (offers) about
acquisition of the placed Commercial Papers is sent to the
participants in a bidding process defined at the Issuer’s
discretion from among the participants in a bidding
process, which made such bids (offers) by way of putting
counter targeted applications. For this purpose, the
Participant in a Bidding Process agrees that its application
can be rejected, accepted completely or partially.
On the date of the placement beginning, Participants
in a Bidding Process, during the period of submitting
applications for acquisition of the Commercial Papers at
the fixed price and the coupon rate for the first coupon
period, submit targeted applications for acquisition of the
Commercial Papers, using the Exchange Bidding System
both at their own expense, and at clients’ expense.
Time and order of submitting targeted applications
during the period of submitting applications at the fixed
price and the coupon rate for the first coupon period is
established by the Exchange, as agreed by the Issuer and/or
Underwriter.
Upon termination of the period of submitting
applications for acquisition of the Commercial Papers at
the fixed price and the coupon rate for the first coupon
period, the Exchange makes the summary register of
applications for acquisition of the securities (hereinafter
referred to as the “Summary Register of Applications”) and
transfers it to the Underwriter.
Summary Register of Applications contains all
significant conditions of each application - the purchase
price, number of securities, date and time of receipt of the
application, application number, and other details
according to the Exchange Rules.
On the basis of the analysis of the Summary Register
of Applications, the Issuer defines purchasers, to which it
intends to sell the Commercial Papers, and the number of
the Commercial Papers it intends to sell to these
purchasers, and provides this information to the
Underwriter.
purchasers, and provides this information to the
Underwriter.
Upon obtaining from the Issuer of the information on
purchasers, to which the Issuer intends to sell the
Commercial Papers, and the number of the Commercial
Papers it intends to sell to these purchasers, the
Underwriter concludes transactions with the purchasers the
Issuer intends to sell the Commercial Papers to, by way of
putting counter targeted applications according to the
Exchange Rules, specifying number of the securities the
Issuer intends to sell to this purchaser, according to the
order established by the Securities Issuance Resolution and
Prospectus of Securities.
Upon satisfaction of the applications submitted
during the period of submitting applications, in case of
incomplete placement of the issue of the Commercial
Papers based on its results, the Participants in a Bidding
Process acting both at their own expense, and at the
expense and on the instructions of potential buyers, can
submit targeted applications for acquisition of the
Commercial Papers during the placement period at the
price of placement, to the Underwriter. The Issuer considers
such applications and defines purchasers it intends to sell
the Commercial Papers to, as well as the number of the
Commercial Papers it intends to sell to these purchasers,
and provides this information to the Underwriter.
If the potential buyer is not Participant in a Bidding
Process, it must conclude a respective agreement with any
Participant in a Bidding Process, and charge it with
acquisition of the Commercial Papers. The potential buyer
of the Commercial Papers representing the Participant in a
Bidding Process acts independently.
Potential buyer is obliged to open a respective
custodial account with NSD or Depositary. The order and
terms of opening custodial accounts are defined by the
provisions of respective depositaries.
Applications for acquisition of the Commercial
Papers are sent by the Participants in a Bidding Process to
the Underwriter.
Application for the purchase must contain the
following material terms:
- purchase price (100% of the nominal value);
- number of Commercial Papers;
- code of calculations used when entering into the
transaction related with securities to be included in the
clearing pool of the clearing organization under the
conditions of multilateral or simple clearing, and
determining that the collateral control procedure is carried
out during entering into the transaction, and the date of
entering into the transaction is the due date of the
transaction execution with securities;
- other parameters in accordance with the Exchange
Rules.
Price of the Commercial Papers Placement, which is
established by the Securities Issuance Resolution and
Prospectus of Securities shall be specified as the purchase
price.
Number of the Commercial Papers, which a potential
buyer would like to purchase at the coupon rate for the first
coupon period, which was defined before the date of
placement beginning shall be specified as the number of the
Commercial Papers.
For this purpose, money shall be reserved in bidding
Upon obtaining from the Issuer of the information on
purchasers, to which the Issuer intends to sell the
Commercial Papers, and the number of the Commercial
Papers it intends to sell to these purchasers, the
Underwriter concludes transactions with the purchasers the
Issuer intends to sell the Commercial Papers to, by way of
putting counter targeted applications according to the
Exchange Rules, specifying number of the securities the
Issuer intends to sell to this purchaser, according to the
order established by the Securities Issuance Resolution and
Prospectus of Securities.
Upon satisfaction of the applications submitted
during the period of submitting applications, in case of
incomplete placement of the issue of the Commercial
Papers based on its results, the Participants in a Bidding
Process acting both at their own expense, and at the
expense and on the instructions of potential buyers, can
submit targeted applications for acquisition of the
Commercial Papers during the placement period at the
price of placement, to the Underwriter. The Issuer considers
such applications and defines purchasers it intends to sell
the Commercial Papers to, as well as the number of the
Commercial Papers it intends to sell to these purchasers,
and provides this information to the Underwriter.
If the potential buyer is not Participant in a Bidding
Process, it must conclude a respective agreement with any
Participant in a Bidding Process, and charge it with
acquisition of the Commercial Papers. The potential buyer
of the Commercial Papers representing the Participant in a
Bidding Process acts independently.
Potential buyer is obliged to open a respective
custodial account with NSD or Depositary. The order and
terms of opening custodial accounts are defined by the
provisions of respective depositaries.
Applications for acquisition of the Commercial
Papers are sent by the Participants in a Bidding Process to
the Underwriter.
Application for the purchase must contain the
following material terms:
- purchase price (100% of the nominal value);
- number of Commercial Papers;
- code of calculations used when entering into the
transaction related with securities to be included in the
clearing pool of the clearing organization under the
conditions of multilateral or simple clearing, and
determining that the collateral control procedure is carried
out during entering into the transaction, and the date of
entering into the transaction is the due date of the
transaction execution with securities;
- other parameters in accordance with the Exchange
Rules.
Price of the Commercial Papers Placement, which is
established by the Securities Issuance Resolution and
Prospectus of Securities shall be specified as the purchase
price.
Number of the Commercial Papers, which a potential
buyer would like to purchase at the coupon rate for the first
coupon period, which was defined before the date of
placement beginning shall be specified as the number of the
Commercial Papers.
For this purpose, money shall be reserved in bidding
accounts of the Participants in a Bidding Process in the
Nonbank Credit Organization Closed Joint Stock Company
accounts of the Participants in a Bidding Process in the
Nonbank Credit Organization Closed Joint Stock Company
“National Settlement Depositary” in the amount, which is
sufficient for full payment of the Commercial Papers
specified in the applications for acquisition of the
Commercial Papers, subject to all necessary commission
fees.
Full name: Non-Banking Credit Organization Closed
Joint Stock Company "National Settlement Depositary"
Abbreviation: NCO CJSC NSD
Location: 125009, Moscow, Kislovsky side-street,
1/13, bldg. 8
Postal address: 105066, Moscow, Spartakovskaya
Street, 12
Number of license for banking operations: #3294
Validity: no expiration date
Date of issue: 26.07.2012
Issuing authority: CB RF
RCBIC: 044583505
Corr. account: 30105810100000000505
“National Settlement Depositary” in the amount, which is
sufficient for full payment of the Commercial Papers
specified in the applications for acquisition of the
Commercial Papers, subject to all necessary commission
fees.
Full name: Non-Banking Credit Organization Closed
Joint Stock Company "National Settlement Depositary"
Abbreviation: NCO CJSC NSD
Location: Moscow, Spartakovskaya Street, 12
Postal address: 105066, Moscow, Spartakovskaya
Street, 12
Number of license for banking operations: #3294
Validity: no expiration date
Date of issue: 26.07.2012
Issuing authority: Central Bank of the Russian
Federation
RCBIC: 044583505
Corr. account: 30105810100000000505 in Division
#1 of the Main Administration of the Central Bank of the for
the Central Federal District of the city of Moscow
Applications, which do not meet the requirements
stated above, are not accepted.
Applications, which do not meet the requirements
stated above, are not accepted.
Acquisition of the Issuer’s Commercial Papers
during their placement cannot be carried out at the expense
of the Issuer.
When placing the Commercial Papers by way of
gathering targeted applications from purchasers for
acquisition of the Commercial Papers at the fixed price and
the coupon rate for the first coupon period, the Issuer
and/or the Underwriter intend to conclude preliminary
agreements with potential buyers of the Commercial
Papers, containing the duty to conclude main agreements in
the future with them or with the Participant in a Bidding
Process acting in their interests, which are aimed to
alienate placed securities.
Conclusion of such preliminary agreements is
carried out by way of acceptance by the Issuer and/or
Underwriter of offers from potential investors on conclusion
of preliminary agreements, according to which the
purchaser and the Issuer undertake to conclude main
agreements for acquisition of the Commercial Papers on the
date of beginning of the Commercial Papers placement
(hereinafter referred to as the “Preliminary Agreements”).
For this purpose, any offer with the proposal to conclude
the Preliminary Agreement, at the Issuer’s discretion, can
be rejected, accepted completely or partially.
Gathering of offers from potential purchases on
conclusion of the Preliminary Agreements starts not earlier
than on the date of admission by SEM MICEX of this issue
of the Commercial Papers for bidding in the course of their
placement and ends not later than on the date which is
directly followed by the date of the Commercial Papers
placement beginning.
Acquisition of the Issuer’s Commercial Papers
during their placement cannot be carried out at the expense
of the Issuer.
When placing the Commercial Papers by way of
gathering targeted applications from purchasers for
acquisition of the Commercial Papers at the fixed price and
the coupon rate for the first coupon period, the Issuer
and/or the Underwriter intend to conclude preliminary
agreements with potential buyers of the Commercial
Papers, containing the duty to conclude main agreements in
the future with them or with the Participant in a Bidding
Process acting in their interests, which are aimed to
alienate placed securities.
Conclusion of such preliminary agreements is
carried out by way of acceptance by the Issuer and/or
Underwriter of offers from potential investors on conclusion
of preliminary agreements, according to which the
purchaser and the Issuer undertake to conclude main
agreements for acquisition of the Commercial Papers on the
date of beginning of the Commercial Papers placement
(hereinafter referred to as the “Preliminary Agreements”).
For this purpose, any offer with the proposal to conclude
the Preliminary Agreement, at the Issuer’s discretion, can
be rejected, accepted completely or partially.
Gathering of offers from potential purchases on
conclusion of the Preliminary Agreements starts not earlier
than on the date of admission by SEM MICEX of this issue
of the Commercial Papers for bidding in the course of their
placement and ends not later than on the date which is
directly followed by the date of the Commercial Papers
placement beginning.
Order of disclosure of the information on the period
for sending offers by potential buyers of the Commercial
Papers with the offer to conclude the Preliminary
Agreements:
Issuer shall disclose information on the period for
submitting offers to enter into the Preliminary Agreement in
the form of a notice on essential fact in accordance with
Order of disclosure of the information on the period
for sending offers by potential buyers of the Commercial
Papers with the offer to conclude the Preliminary
Agreements:
Issuer shall disclose information on the period for
submitting offers to enter into the Preliminary Agreement in
the form of a notice on essential fact in accordance with
paragraph 11 of the Securities Issuance Resolution and
clause 2.9 of the Prospectus of Securities.
paragraph 11 of the Securities Issuance Resolution and
clause 2.9 of the Prospectus of Securities.
The specified information shall contain the form of
the offers from the potential buyer with the proposal to
conclude the Preliminary Agreement, and the order and
period of sending these offers.
In the offers sent with the proposal to conclude the
Preliminary Agreement, the potential buyer specifies the
maximum amount, for which it is ready to buy the
Commercial Papers, and the minimum coupon rate for the
first coupon period on the Commercial Papers (interval of
values of the coupon rate for the first coupon period), at
which it is ready to purchase the Commercial Papers for the
specified maximum amount. Sending the offer with the
proposal to conclude the Preliminary Agreement, the
potential buyer agrees that it can be rejected, accepted
completely or partially.
Receipt of offers from potential buyers with the
proposal to conclude the Preliminary Agreement is allowed
as from the date of disclosure of the information about
sending offers from potential buyers with the proposal to
conclude Preliminary Agreements in the Newswire only.
Date of completion of the period for sending offers
from potential buyers for conclusion of the Preliminary
Agreements, which was originally established by the
resolution of the Issuer, can be changed by the resolution of
the Issuer. This information is disclosed in the form of a
notice on essential fact in accordance with paragraph 11 of
the Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities.
The specified information shall contain the form of
the offers from the potential buyer with the proposal to
conclude the Preliminary Agreement, and the order and
period of sending these offers.
In the offers sent with the proposal to conclude the
Preliminary Agreement, the potential buyer specifies the
maximum amount, for which it is ready to buy the
Commercial Papers, and the minimum coupon rate for the
first coupon period on the Commercial Papers (interval of
values of the coupon rate for the first coupon period), at
which it is ready to purchase the Commercial Papers for the
specified maximum amount. Sending the offer with the
proposal to conclude the Preliminary Agreement, the
potential buyer agrees that it can be rejected, accepted
completely or partially.
Receipt of offers from potential buyers with the
proposal to conclude the Preliminary Agreement is allowed
as from the date of disclosure of the information about
sending offers from potential buyers with the proposal to
conclude Preliminary Agreements in the Newswire only.
Date of completion of the period for sending offers
from potential buyers for conclusion of the Preliminary
Agreements, which was originally established by the
resolution of the Issuer, can be changed by the resolution of
the Issuer. This information is disclosed in the form of a
notice on essential fact in accordance with paragraph 11 of
the Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities.
Order of disclosure of the information on expiration
of the period for sending offers by potential buyers of the
Commercial Papers with the proposal to conclude the
Preliminary Agreement:
Information on expiration of the period for sending
offers by potential buyers of the Commercial Papers with
the proposal to conclude the Preliminary Agreement is
disclosed by the Issuer in the form of a notice on essential
fact in accordance with clause 11 of Securities Issuance
Resolution and clause 2.9 of the Prospectus of Securities.
Order of disclosure of the information on expiration
of the period for sending offers by potential buyers of the
Commercial Papers with the proposal to conclude the
Preliminary Agreement:
Information on expiration of the period for sending
offers by potential buyers of the Commercial Papers with
the proposal to conclude the Preliminary Agreement is
disclosed by the Issuer in the form of a notice on essential
fact in accordance with clause 11 of Securities Issuance
Resolution and clause 2.9 of the Prospectus of Securities.
Main agreements for acquisition of the Commercial
Papers are concluded at the Price of Placement of the
Commercial Papers, specified in clause 8.4 of the Securities
Issuance Resolution and clause 2.4 of the Prospectus of
Securities by way of putting targeted applications into the
Bidding System of SEM MICEX in the order established by
this subparagraph.
Main agreements for acquisition of the Commercial
Papers are concluded at the Price of Placement of the
Commercial Papers, specified in clause 8.4 of the Securities
Issuance Resolution and clause 2.4 of the Prospectus of
Securities by way of putting targeted applications into the
Bidding System of SEM MICEX in the order established by
this subparagraph.
If placement of securities is supposed to be carried
out outside the Russian Federation, including by means of
placement of respective foreign securities, specification of
this circumstance:
Placement of securities is not supposed to be carried
out outside the Russian Federation.
If placement of securities is supposed to be carried
out outside the Russian Federation, including by means of
placement of respective foreign securities, specification of
this circumstance:
Placement of securities is not supposed to be carried
out outside the Russian Federation.
Organizations involved in the securities placement:
Information on the trade in the securities market:
Full corporate name: Closed Joint Stock Company "
Stock Exchange Market MICEX "
Abbreviated name: CJSC “SEM “MICEX”
Organizations involved in the securities placement:
Information on the trade in the securities market:
Full corporate name: Closed Joint Stock Company "
Stock Exchange Market MICEX "
Abbreviated name: CJSC “SEM “MICEX”
Location: 125009, Moscow, Bolshoi Kislovskiy sidestreet, 13
Postal address: 125009, Moscow, Bolshoi Kislovskiy
side-street, 13
State registration date: 02.12.2003
Registration number: 1037789012414
Name of the authority performing the state
registration: Interdistrict Inspectorate #46 of the Taxation
Ministry of Russia for Moscow
License number: 077-10489-000001
Date of issuance: 23.08.2007
Period of validity: unlimited
Licensing authority: FFMS of Russia
If the activity of CJSC “Stock Exchange Market
“MICEX” is terminated in connection with its
reorganization, the functions of the organizer of trade on
the securities market, where placement of the Commercial
Papers is made during bidding, will be carried out by its
assignee. When the Securities Issuance Resolution mentions
CJSC “Stock Exchange Market “MICEX”, it means CJSC
“Stock Exchange Market “MICEX” or its assignee.
When placing the Commercial Papers at the Tender,
provided that the conditions of applications meet the
requirements specified above, they are registered at the
Exchange, and then are satisfied by the Underwriter at the
Exchange.
In the event of placement of the Commercial Papers
by way of gathering targeted applications for acquisition of
the Commercial Papers at the fixed price and the coupon
rate for the first coupon period defined by the Issuer before
the date of beginning of the Commercial Papers placement,
provided that the conditions of applications meet the
requirements specified above, they are registered at the
Exchange, and then are satisfied (or rejected) by the
Underwriter at the Exchange according to the resolution of
the Issuer (as established above).
Placed Commercial Papers are credited by the
depositaries with the custodial accounts of purchasers of
the Commercial Papers according to the Rules for
Implementation of Clearing Activity of the Clearing
Organization on the Securities Market and Conditions of
Implementation by the Depositary of the Depositary
Activity.
To complete a transaction on acquisition of the
Commercial Papers in the process of their placement, the
potential buyer is obliged in advance (before the date of
beginning of the Commercial Papers placement) to open the
respective custodial account with the depositary, which
carries out centralized storage of the Commercial Papers,
or another Depositary. The order and terms of opening
custodial accounts are defined by the provisions of the
regulations of respective depositaries.
Change and/or cancellation of the agreements
concluded during placement of the Commercial Papers are
carried out on the bases and in the order provided by
Section 29 of the Russian Federation Civil Code.
For certified securities with the compulsory
centralized custody, description of the procedure for
entering a credit record on custodial accounts of the first
owners in the depositary carrying out centralized custody of
such securities.
Location: 125009, Moscow, Bolshoi Kislovskiy sidestreet, 13
Postal address: 125009, Moscow, Bolshoi Kislovskiy
side-street, 13
State registration date: 02.12.2003
Registration number: 1037789012414
Name of the authority performing the state
registration: Interdistrict Inspectorate #46 of the Taxation
Ministry of Russia for Moscow
License number: 077-007
Date of issuance: 20.12.2013
Period of validity: unlimited
Licensing authority: Central Bank of the Russian
Federation
If the activity of CJSC “Stock Exchange Market
“MICEX” is terminated in connection with its
reorganization, the functions of the organizer of trade on
the securities market, where placement of the Commercial
Papers is made during bidding, will be carried out by its
assignee. When the Securities Issuance Resolution mentions
CJSC “Stock Exchange Market “MICEX”, it means CJSC
“Stock Exchange Market “MICEX” or its assignee.
When placing the Commercial Papers at the Tender,
provided that the conditions of applications meet the
requirements specified above, they are registered at the
Exchange, and then are satisfied by the Underwriter at the
Exchange.
In the event of placement of the Commercial Papers
by way of gathering targeted applications for acquisition of
the Commercial Papers at the fixed price and the coupon
rate for the first coupon period defined by the Issuer before
the date of beginning of the Commercial Papers placement,
provided that the conditions of applications meet the
requirements specified above, they are registered at the
Exchange, and then are satisfied (or rejected) by the
Underwriter at the Exchange according to the resolution of
the Issuer (as established above).
Placed Commercial Papers are credited by the
depositaries with the custodial accounts of purchasers of
the Commercial Papers according to the Rules for
Implementation of Clearing Activity of the Clearing
Organization on the Securities Market and Conditions of
Implementation by the Depositary of the Depositary
Activity.
To complete a transaction on acquisition of the
Commercial Papers in the process of their placement, the
potential buyer is obliged in advance (before the date of
beginning of the Commercial Papers placement) to open the
respective custodial account with the depositary, which
carries out centralized storage of the Commercial Papers,
or another Depositary. The order and terms of opening
custodial accounts are defined by the provisions of the
regulations of respective depositaries.
Change and/or cancellation of the agreements
concluded during placement of the Commercial Papers are
carried out on the bases and in the order provided by
Section 29 of the Russian Federation Civil Code.
For certified securities with the compulsory
centralized custody, description of the procedure for
entering a credit record on custodial accounts of the first
owners in the depositary carrying out centralized custody of
To complete a transaction on the Commercial Papers
sale and purchase in the process of their placement, the
potential buyer is obliged in advance (before the date of
beginning of the Commercial Papers placement) to open the
respective custodial account with NSD, which carries out
centralized storage of the Commercial Papers, or another
Depositary. The order and terms of opening custodial
accounts are defined by the provisions of the regulations of
respective depositaries.
Credit entry under the custodial account of the first
buyer in NSD is entered on the basis of the information
received from the clearing organization, which attends the
calculations under the transactions, in the course of
placement of the Commercial Papers by the Bidding
Organizer (Exchange) (hereinafter – the “Clearing
Organization”), the placed Commercial Papers are credited
by NSD with the custodial accounts of the Commercial
Papers buyers in accordance with the rules of
implementation of the clearing activity of the Clearing
Organization and conditions of implementation of the
depositary activity of NSD.
such securities.
To complete a transaction on the Commercial Papers
sale and purchase in the process of their placement, the
potential buyer is obliged in advance (before the date of
beginning of the Commercial Papers placement) to open the
respective custodial account with NSD, which carries out
centralized storage of the Commercial Papers, or another
Depositary. The order and terms of opening custodial
accounts are defined by the provisions of the regulations of
respective depositaries.
Credit entry under the custodial account of the first
buyer in NSD is entered on the basis of the information
received from the clearing organization, which attends the
calculations under the transactions, in the course of
placement of the Commercial Papers by the Bidding
Organizer (Exchange) (hereinafter – the “Clearing
Organization”), the placed Commercial Papers are credited
by NSD with the custodial accounts of the Commercial
Papers buyers in accordance with the rules of
implementation of the clearing activity of the Clearing
Organization and conditions of implementation of the
depositary activity of NSD.
To introduce changes in the paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series
BО-05”, “C: Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial
Papers of series BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause
2.9. “Procedure of information disclosure on placement and placement results of equity securities” in relation to the
preamble:
Text of the version to be changed:
Text of the new version, including changes:
Form, procedure and time limits for information
Form, procedure and time limits for information
disclosure by the issuer on the beginning and completion disclosure by the issuer on the beginning and completion of
of securities placement, price (procedure for price securities placement, price (procedure for price definition) of
definition) of securities placement, on state registration of securities placement, on state registration of the report on the
the report on the results of issuance (additional issuance) results of issuance (additional issuance) of securities or
of securities or submission of a notice of the securities submission of a notice of the securities issuance (additional
issuance (additional issuance) results to the registering issuance) results to the registering authority.
authority.
Issuer carries out information disclosure at each stage
Issuer carries out information disclosure at each of the procedure of issuance of securities in the order, which
stage of the procedure of issuance of securities in the is established by the Federal Law “On the Securities
order, which is established by the Federal Law “On the Market”, Federal Law “On Joint Stock Companies”, and
Securities Market”, Federal Law “On Joint Stock normative regulations in the financial markets sector, as well
Companies”, and normative acts of the federal executive as the exchange rules, which establish the procedure for
authority for the securities market, as well as the admission of commercial papers for bidding, in the procedure
exchange rules specifying the procedure for admission of and within the timeframes, as stipulated by the Securities
commercial papers for bidding, in the order and within Issuance Resolution and Prospectus of Securities. If at the
the timeframes, as provided by the Securities Issuance moment of taking by the Issuer of the resolution on the events
Resolution and the Prospectus of Securities. If at the at the stages of issuance and circulation of the Commercial
moment of occurrence of the event, about which the Issuer Papers, and other events described in clause 11 of the
shall disclose the information according to the current Securities Issuance Resolution and clause 2.9. of the
federal laws, as well as normative legal acts of the federal Securities Prospectus, in accordance with the applicable laws
executive authority for the securities market, another of the Russian Federation and/or normative regulations in the
order and timeframes of disclosure of the information on financial markets sector, another procedure and time limits
such an event is established, rather than the order and for taking by the Issuer of the resolution on the specified
timeframes, as provided by the Securities Issuance events is established, than the procedure and time limits
Resolution and the Prospectus of Securities, the stipulated by this clause, but at the same time applying to this
information on such an event is disclosed in the order and issue of the Commercial Papers proceeding from the date of
within the timeframes, as provided by the federal laws, as assignment of the identification number to it, resolutions on
well as normative legal acts of the federal executive these events are taken by the Issuer in the procedure and
authority for the securities market, applicable at the within the time frames, as specified by the Russian Federation
moment of the event occurrence.
laws and/or normative regulations in the financial markets
sector, applicable at the moment of taking by the Issuer of the
resolutions on the specified events.
To introduce changes in the paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series
BО-05”, “C: Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial
Papers of series BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause
2.9. “Procedure of information disclosure on placement and placement results of equity securities”, subclause c):
Text of the version to be changed:
Text of the new version, including changes:
If the Commercial Papers are admitted for bidding
If the Commercial Papers are admitted for bidding at
at CJSC “Stock Exchange Market “MICEX” in the course CJSC “Stock Exchange Market “MICEX” in the course of
of their placement and/or circulation, their Issuer and their placement, their Issuer and CJSC “Stock Exchange
CJSC “Stock Exchange Market “MICEX” are obliged to Market “MICEX” are obliged to provide access to the
provide access to the information contained in the information contained in the issuance resolution and
prospectus of the Commercial Papers, to any concerned prospectus of the Commercial Papers, to any concerned
persons irrespective of the purposes of receipt of this persons irrespective of the purposes of receipt of this
information no later than the date of the Commercial information no later than the date of the Commercial Papers
Papers placement beginning.
placement beginning.
To introduce changes in the paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series
BО-05”, “C: Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial
Papers of series BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause
2.9. “Procedure of information disclosure on placement and placement results of equity securities”, subclause d):
Text of the version to be changed:
Text of the new version, including changes:
Information on admission of the Commercial
Information on admission of the Commercial Papers
Papers for bidding in the course of their placement is for bidding in the course of their placement is disclosed by
disclosed by the Issuer in the form of the notice “on the Issuer in the form of the notice “on inclusion of the
inclusion of the issuer’s equity securities in the list of the issuer’s equity securities in the list of the securities admitted
securities admitted for bidding by the Russian organizer of for bidding by the Russian organizer of bidding on the
bidding on the securities market, or on their exclusion securities market, or on their exclusion from the specified
from the specified list” within the following timeframes as list” within the following timeframes as from the date of
from the date of disclosure by the Exchange of the disclosure by the Exchange of the information on admission
information on admission of the Commercial Papers for of the Commercial Papers for bidding in the course of
bidding in the course of placement through the placement through the representative office of CJSC “Stock
representative office of CJSC “Stock Exchange Market Exchange Market “MICEX” or receipt by the Issuer of the
“MICEX” or receipt by the Issuer of the notice in writing notice in writing on admission of the Commercial Papers for
on admission of the Commercial Papers for bidding at bidding at CJSC “Stock Exchange Market “MICEX” by
CJSC “Stock Exchange Market “MICEX” by means of means of post, fax, e-mail, serving against a signed receipt,
post, fax, e-mail, serving against a signed receipt, whichever of the dates comes earlier:
whichever of the dates comes earlier:
• in the Newswire - not later than 1 (One) day;
• in the Newswire - not later than 1 (One) day;
• on the Issuer’s webpage on the network Internet • on the Issuer’s webpage on the network Internet not later than 2 (Two) days.
not later than 2 (Two) days.
For this purpose, publication on the Internet webpage
For this purpose, publication on the Internet is carried out after publication in the Newswire.
webpage is carried out after publication in the Newswire.
Text of the notice on essential fact shall be available
Text of the notice on essential fact shall be on the webpage on the network Internet within at least 12
available on the webpage on the network Internet within months as from the expiration date, established by the
at least 12 months as from the expiration date, established Regulation on Information Disclosure for its publication on
by the Regulation on Information Disclosure for its the network Internet, and if the notice is published on the
publication on the network Internet, and if the notice is network Internet after the expiration of such a period - as
published on the network Internet after the expiration of from the date of its publication on the network Internet.
such a period - as from the date of its publication on the
Issuer discloses information on assignment of
network Internet.
identification number to the Commercial Papers issue by
Issuer discloses information on assignment of way of publication of the notice on essential fact “On stages
identification number to the Commercial Papers issue by of the procedure of the issuer’s securities issuance” within
way of publication of the notice on essential fact “On the following timeframes as from the date of publication by
stages of the procedure of the issuer’s securities issuance” SEM MICEX of information on assignment of identification
within the following timeframes as from the date of number to the Commercial Papers issue and admission of the
publication by SEM MICEX of information on assignment Commercial Papers for bidding at the exchange in the course
of identification number to the Commercial Papers issue of placement on the webpage of SEM MICEX on the network
and admission of the Commercial Papers for bidding at Internet or receipt by the Issuer of a notice in writing on
the exchange in the course of placement on the webpage
of SEM MICEX on the network Internet or receipt by the
Issuer of a notice in writing on assignment of
identification number to the Commercial Papers issue
and admission of the Commercial Papers for bidding at
the stock exchange in the course of placement, whichever
of the dates comes earlier:
• in the Newswire - not later than 1 (One) day;
• on the Issuer’s webpage on the network Internet not later than 2 (Two) days.
For this purpose, publication on the Internet
webpage is carried out after publication in the Newswire.
Text of the notice on essential fact shall be
available on the webpage on the network Internet within
at least 12 months as from the expiration date, established
by the Regulation on Information Disclosure for its
publication on the network Internet, and if the notice is
published on the network Internet after the expiration of
such a period - as from the date of its publication on the
network Internet.
assignment of identification number to the Commercial
Papers issue and admission of the Commercial Papers for
bidding at the exchange in the course of placement,
whichever of the dates comes earlier:
• in the Newswire - not later than 1 (One) day;
• on the Issuer’s webpage on the network Internet not later than 2 (Two) days.
For this purpose, publication on the Internet webpage
is carried out after publication in the Newswire.
Text of the notice on essential fact shall be available
on the webpage on the network Internet within at least 12
months as from the expiration date, established by the
Regulation on Information Disclosure for its publication on
the network Internet, and if the notice is published on the
network Internet after the expiration of such a period - as
from the date of its publication on the network Internet.
To introduce changes in the paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series
BО-05”, “C: Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial
Papers of series BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause
2.9. “Procedure of information disclosure on placement and placement results of equity securities”, subclause e):
Text of the version to be changed:
Text of the new version, including changes:
In the period that does not exceed 2 (Two) days as
In the period that does not exceed 2 (Two) days as
from the date of admission of the Commercial Papers for from the date of admission of the Commercial Papers for
bidding in the course of their placement, the Issuer bidding in the course of their placement, the Issuer publishes
publishes the text of the Prospectus of Securities and the the text of the Prospectus of Securities and the Securities
Securities Issuance Resolution on the webpage on the Issuance Resolution on the webpage on the network Internet.
network Internet.
When publishing the text of the Securities Issuance
When publishing the text of the Securities Issuance Resolution on the webpage on the network Internet, the
Resolution on the webpage on the network Internet, the following shall be specified: individual identification number
following shall be specified: individual identification which was appropriated to the issue of the Commercial
number which was appropriated to the issue of the Papers and the date of its assignment, name of the exchange
Commercial Papers and the date of its assignment, name which carried out admission of the Commercial Papers for
of the stock exchange which carried out admission of the bidding.
Commercial Papers for bidding.
Text of the resolution on the Commercial Papers
Text of the resolution on the Commercial Papers issuance shall be available on the network Internet as from
issuance shall be available on the network Internet as the date of its publication on the network Internet and before
from the date of its publication on the network Internet repayment of all Commercial Papers.
and before repayment of all Commercial Papers.
When publishing the text of the Prospectus of
When publishing the text of the Prospectus of Securities on the webpage on the network Internet, the
Securities on the webpage on the network Internet, the following shall be specified: individual identification number
following shall be specified: individual identification which was appropriated to the issue of the Commercial
number which was appropriated to the issue of the Papers and the date of its assignment, name of the exchange
Commercial Papers and the date of its assignment, name which carried out admission of the Commercial Papers for
of the stock exchange which carried out admission of the bidding.
Commercial Papers for bidding.
Text of the Prospectus of the Commercial Papers shall
Text of the Prospectus of the Commercial Papers be available on the webpage on the network Internet as from
shall be available on the webpage on the network Internet the date of its publication on the network Internet and before
as from the date of its publication on the network Internet repayment of all Commercial Papers.
and before repayment of all Commercial Papers.
To introduce changes in the paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series
BО-05”, “C: Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial
Papers of series BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause
2.9. “Procedure of information disclosure on placement and placement results of equity securities”, subclause g):
Text of the version to be changed:
Text of the new version, including changes:
Information on the date of beginning of placement
Information on the date of beginning of placement of
of the Commercial Papers issue is disclosed in the form of the Commercial Papers issue is disclosed in the form of the
the notice “on the date of beginning of the securities
placement” as follows:
• not later than 5 (Five) days prior to the date of
beginning of the Commercial Papers placement
by way of publication by the Issuer of the notice
in the Newswire;
• not later than 4 (Four) days prior to the date of
beginning of the Commercial Papers placement
by way of publication by the Issuer of the notice
on the webpage on the network Internet.
For this purpose, publication on the Issuer’s
webpage on the network Internet is carried out after
publication in the Newswire.
Issuer informs the Exchange on the resolution made
not later than 1 (One) day as from the date of taking by
the Issuer’s authorized management body of the resolution
on the date of the Commercial Papers placement and not
later than 5 (Five) days prior to beginning of the
Commercial Papers placement.
Date of beginning of the Commercial Papers
placement, which is defined by the Issuer’s sole executive
body, can be changed by the resolution of the same
management body of the Issuer, provided that the
requirements are met as to the order of disclosure of the
information on change of the date of the Commercial
Papers placement beginning, which is defined by the
Russian Federation laws, Securities Issuance Resolution
and Prospectus of Securities.
If the Issuer takes the resolution on change of the
date of the Commercial Papers placement beginning,
disclosed in the order mentioned above, the Issuer is
obliged to publish the notice “on change of the date of
beginning of the securities placement” in the Newswire
and on the webpage on the network Internet not later than
1 (One) day before such a date.
Issuer notifies the Exchange on change of the date
of the placement beginning not later than on the next day
after the date of minutes drawing up (period expiration
date, established by the Russian Federation laws for
minutes drawing up) of the meeting (proceedings) of the
Issuer’s authorized management body, which took the
respective resolution, or the next day after the date of
taking of such a resolution by the Issuer’s authorized
management body, if minutes drawing up is not required.
notice “on the date of beginning of the securities placement”
as follows:
• not later than 5 (Five) days prior to the date of
beginning of the Commercial Papers placement by
way of publication by the Issuer of the notice in the
Newswire;
• not later than 4 (Four) days prior to the date of
beginning of the Commercial Papers placement by
way of publication by the Issuer of the notice on the
webpage on the network Internet.
For this purpose, publication on the Issuer’s webpage
on the network Internet is carried out after publication in the
Newswire.
Issuer informs the Exchange on the resolution made
not later than 1 (One) day as from the date of taking by the
Issuer’s authorized management body of the resolution on the
date of the Commercial Papers placement and not later than
5 (Five) days prior to the date of beginning of the
Commercial Papers placement.
Date of beginning of the Commercial Papers
placement, which is defined by the Issuer’s sole executive
body, can be changed by the resolution of the same
management body of the Issuer, provided that the
requirements are met as to the order of disclosure of the
information on change of the date of the Commercial Papers
placement beginning, which is defined by the Russian
Federation laws, Securities Issuance Resolution and
Prospectus of Securities.
If the Issuer takes the resolution on change of the date
of the Commercial Papers placement beginning, disclosed in
the order mentioned above, the Issuer is obliged to publish
the notice “on change of the date of beginning of the
securities placement” in the Newswire and on the webpage
on the network Internet not later than 1 (One) day before
such a date.
Issuer notifies the Exchange on change of the date of
the placement beginning not later than on the next day after
the date of minutes drawing up (period expiration date,
established by the Russian Federation laws for minutes
drawing up) of the meeting (proceedings) of the Issuer’s
authorized management body, which took the respective
resolution, or the next day after the date of taking of such a
resolution by the Issuer’s authorized management body, if
minutes drawing up is not required, but not later than one day
before the respective date.
To introduce changes in the paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series
BО-05”, “C: Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial
Papers of series BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause
2.9. “Procedure of information disclosure on placement and placement results of equity securities”, subclause l):
Text of the version to be changed:
Text of the new version, including changes:
If the Issuer makes the resolution on placement of
If the Issuer makes the resolution on placement of the
the Commercial Papers at the Tender - information on the Commercial Papers at the Tender - information on the
coupon interest rate amount for the first coupon period of coupon interest rate amount for the first coupon period of the
the Commercial Papers, established by the Issuer’s Commercial Papers, established by the Issuer’s authorized
authorized management body based on the results of the management body based on the results of the held Tender is
held Tender is disclosed by the Issuer in the form of the disclosed by the Issuer in the form of the notice on essential
notice on essential fact “on accrued and (or) paid yields fact “on accrued and (or) paid yields on the issuer’s equity
on the issuer’s equity securities”. Information disclosure securities”. Information disclosure is performed in the
is performed in the following periods as from the date of following periods as from the date of making the resolution
making the resolution on the coupon interest rate on the coupon interest rate establishment for the first coupon
establishment for the first coupon period:
period:
in the Newswire - not later than 1 (One) day;
on the webpage on the network Internet - not
later than 2 (Two) days.
For this purpose, publication on the webpage on
the network Internet is carried out after publication in the
Newswire.
Additionally, on the placement beginning date, the
Underwriter publishes the notice on the coupon interest
rate amount for the first coupon period by means of the
Exchange Bidding System by way of sending an electronic
message to all Participants in a Bidding Process of the
Exchange.
Text of the notice on essential fact shall be
available on the webpage on the network Internet within
at least 12 months as from the expiration date, established
by the Regulation on Information Disclosure for its
publication on the network Internet; if the notice is
published on the network Internet after expiration of such
a period - as from the date of its publication on the
network Internet.
•
•
in the Newswire - not later than 1 (One) day;
on the webpage on the network Internet - not later
than 2 (Two) days.
For this purpose, publication on the webpage on the
network Internet is carried out after publication in the
Newswire.
Text of the notice on essential fact shall be available
on the webpage on the network Internet within at least 12
months as from the expiration date, established by the
Regulation on Information Disclosure for its publication on
the network Internet; if the notice is published on the network
Internet after expiration of such a period - as from the date of
its publication on the network Internet.
•
•
To introduce changes in the paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series
BО-05”, “C: Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial
Papers of series BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause
2.9. “Procedure of information disclosure on placement and placement results of equity securities”, subclause o):
Text of the version to be changed:
Text of the new version, including changes:
Not later than the next day after termination of the
Not later than the next day after termination of the
period for placement of the Commercial Papers or not period for placement of the Commercial Papers or not later
later than the next day after completion of placement of than the next day after completion of placement of the last
the last Commercial Paper if all Commercial Papers are Commercial Paper if all Commercial Papers are placed
placed before expiry of placement deadline, CJSC “SEM before expiry of placement deadline, CJSC “SEM “MICEX”
“MICEX” discloses the information on the results of discloses the information on the results of issuance of the
issuance of the Commercial Papers and notifies of this the Commercial Papers and notifies of this the Central Bank of
federal executive authority for the securities market in the the Russian Federation or another authorized authority for
order established by it.
regulation, control and supervision in the financial markets
Disclosed information and notice of the results of sector, which admitted the Commercial Papers for organized
issuance of the Commercial Papers shall contain:
bidding and assigned the identification number to their issue.
1) dates of beginning and completion of the
Disclosed information and notice of the results of
Commercial Papers placement;
issuance of the Commercial Papers shall contain:
2) actual price (prices) of the Commercial Papers
1) dates of beginning and completion of the
placement;
Commercial Papers placement;
3) number of placed Commercial Papers;
2) actual price (prices) of the Commercial Papers
4) share of placed and unplaced securities of the placement;
issue (additional issue);
3) number of placed Commercial Papers;
5) total value of money paid for placed Commercial
4) share of placed and unplaced securities of the issue
Papers;
(additional issue);
6) transactions recognized by federal laws to be
5) total value of money paid for placed Commercial
large transactions and interested party transactions, and Papers;
which were entered into in the process of the Commercial
6) transactions recognized by federal laws to be large
Papers placement.
transactions and interested party transactions, and which
were entered into in the process of the Commercial Papers
Issuer is obliged to provide information to the placement.
Exchange on the transactions recognized by federal laws
to be large transactions and interested party transactions,
Issuer is obliged to provide information to the
and which were entered into in the process of the Exchange on the transactions recognized by federal laws to
Commercial Papers placement, no later than the day of be large transactions and interested party transactions, and
completion of the Commercial Papers placement.
which were entered into in the process of the Commercial
Papers placement, no later than the day of completion of the
Commercial Papers placement.
To introduce changes in the paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series
BО-05”, “C: Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial
Papers of series BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause
2.9. “Procedure of information disclosure on placement and placement results of equity securities”, subclause p):
Text of the version to be changed:
Text of the new version, including changes:
Notice on performance of obligations of the Issuer
Notice on performance of obligations of the Issuer on
on repayment / early repayment / partial early repayment repayment / early repayment / partial early repayment of the
of the nominal value of the Commercial Papers (in case of nominal value of the Commercial Papers (in case of early
early repayment of the Commercial Papers on request of repayment of the Commercial Papers on request of their
their owners – on the results of early repayment of the owners and/or at the issuer’s discretion – on the results of
Commercial Papers, including on quantity of early repaid early repayment of the Commercial Papers, including on
Commercial Papers) and/or yield payment on them is quantity of early repaid Commercial Papers) and/or yield
disclosed by the Issuer in the manner of disclosing the payment on them is disclosed by the Issuer in the manner of
information on essential facts “on repayment of the disclosing the information on essential facts “on repayment of
issuer’s equity securities” and “on paid and (or) accrued the issuer’s equity securities” and “on paid and (or) accrued
yields on the issuer’s equity securities”, and in the event yields on the issuer’s equity securities”, and in the event of
of early repayment - the notice on essential fact “on early repayment - the notice on essential fact “on occurrence
occurrence and (or) termination of the right of the issuer’s and (or) termination of the right of the issuer’s bonds owners
bonds owners to demand early repayment of the issuer’s to demand early repayment of the issuer’s bonds belonging to
bonds belonging to them from the issuer” is additionally them from the issuer” is additionally published.
published.
Disclosure of the information by the Issuer is held
Disclosure of the information by the Issuer is held within the following time frames:
within the following time frames:
• in the Newswire - not later than 1 (One) day as from
• in the Newswire - not later than 1 (One) day as
the date of performance by the Issuer of the
from the date of performance by the Issuer of the
obligations on repayment / early repayment / partial
obligations on repayment / early repayment /
early repayment of the nominal value of the
partial early repayment of the nominal value of
Commercial Papers and/or yield payment on them as
the Commercial Papers and/or yield payment on
from the date of occurrence of the event entitling the
them as from the date of occurrence of the event
Commercial Papers owners to present the
entitling the Commercial Papers owners to
Commercial Papers for early repayment;
present the Commercial Papers for early
• on the webpage on the network Internet - not later
repayment;
than 2 (Two) days as from the date of performance
• on the webpage on the network Internet - not
by the Issuer of the obligations on repayment / early
later than 2 (Two) days as from the date of
repayment / partial early repayment of the nominal
performance by the Issuer of the obligations on
value of the Commercial Papers and/or yield
repayment / early repayment / partial early
payment on them as from the date of occurrence of
repayment of the nominal value of the
the event entitling the Commercial Papers owners to
Commercial Papers and/or yield payment on
present the Commercial Papers for early
them as from the date of occurrence of the event
repayment.
entitling the Commercial Papers owners to
For this purpose, publication on the webpage on the
present the Commercial Papers for early network Internet is carried out after publication on the
repayment.
Newswire.
For this purpose, publication on the webpage on
Text of the notice on essential fact shall be available
the network Internet is carried out after publication on the on the webpage on the network Internet within at least 12
Newswire.
months as from the expiration date, established by the
Text of the notice on essential fact shall be Regulation on Information Disclosure for its publication on
available on the webpage on the network Internet within the network Internet and if the notice is published on the
at least 12 months as from the expiration date, established network Internet after expiration of such a period - as from
by the Regulation on Information Disclosure for its the date of its publication on the network Internet.
publication on the network Internet and if the notice is
published on the network Internet after expiration of such
a period - as from the date of its publication on the
network Internet.
To introduce changes in the paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series
BО-05”, “C: Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial
Papers of series BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause
2.9. “Procedure of information disclosure on placement and placement results of equity securities”, subclause s):
Text of the version to be changed:
Text of the new version, including changes:
Notice on appointment by the Issuer of other Agents
Notice on appointment by the Issuer of other Agents for
for acquisition of the Commercial Papers and acquisition of the Commercial Papers and cancellation of
cancellation of such appointments in accordance with such appointments in accordance with clause 10.1. is
clause 10.1. is disclosed by the Issuer in the form of the
notice on essential fact “on involvement or replacement of
the organizations providing the issuer with the services of
the intermediary in the process of performance by the
issuer of obligations on the bonds or other equity
securities of the issuer, and on change of the data on the
specified organizations” as follows:
• in the Newswire - within 1 (One) day as from the
date of fulfilment of such appointments or their
cancellation and not later than 5 (Five) days
prior to beginning of the Period of the
Commercial Papers Presentation for Acquisition
by the Issuer;
• on the webpage on the network Internet - within
2 (Two) days as from the date of fulfilment of
such appointments or their cancellation and not
later than 5 (Five) days prior to beginning of the
Period of the Commercial Papers Presentation
for Acquisition by the Issuer.
Notice on appointment of other Agents for
acquisition of the Commercial Papers and cancellation of
such appointments is published by the Issuer on the
webpage on the network Internet after publication in the
Newswire.
Notice on appointment by the Issuer of other Agents
for acquisition of the Commercial Papers and
cancellation of such appointments in accordance with
clause 10.2. is disclosed by the Issuer in the form of the
notice on essential fact “on involvement or replacement of
the organizations providing the issuer with the services of
the intermediary in the process of performance by the
issuer of obligations on the bonds or other equity
securities of the issuer, and on change of the data on the
specified organizations” as follows:
• in the Newswire - within 1 (One) day as from the
date of fulfilment of such appointments or their
cancellation and not later than 7 (Seven) days
prior to beginning of the period for accepting the
offer on the Commercial Papers acquisition;
• on the webpage on the network Internet - within
2 (Two) days as from the date of fulfilment of
such appointments or their cancellation and not
later than 7 (Seven) days prior to beginning of
the period for accepting the offer on the
Commercial Papers acquisition.
Notice on appointment or cancellation of
appointment of Agents for acquisition of the Commercial
Papers is published by the Issuer on the webpage on the
network Internet after publication in the Newswire.
disclosed by the Issuer in the form of the notice on essential
fact “on involvement or replacement of the organizations
providing the issuer with the services of the intermediary in
the process of performance by the issuer of obligations on the
bonds or other equity securities of the issuer, and on change
of the data on the specified organizations” as follows:
• in the Newswire - within 1 (One) day as from the
date of fulfilment of such appointments or their
cancellation and not later than 7 (Seven) business
days prior to beginning of the Period of the
Commercial Papers Presentation for Acquisition by
the Issuer;
• on the webpage on the network Internet - within 2
(Two) days as from the date of fulfilment of such
appointments or their cancellation and not later than
7 (Seven) business days prior to beginning of the
Period of the Commercial Papers Presentation for
Acquisition by the Issuer.
Notice on appointment of other Agents for acquisition
of the Commercial Papers and cancellation of such
appointments is published by the Issuer on the webpage on
the network Internet after publication in the Newswire.
Notice on appointment by the Issuer of other Agents for
acquisition of the Commercial Papers and cancellation of
such appointments in accordance with clause 10.2. is
disclosed by the Issuer in the form of the notice on essential
fact “on involvement or replacement of the organizations
providing the issuer with the services of the intermediary in
the process of performance by the issuer of obligations on the
bonds or other equity securities of the issuer, and on change
of the data on the specified organizations” as follows:
• in the Newswire - within 1 (One) day as from the
date of fulfilment of such appointments or their
cancellation and not later than 7 (Seven) business
days prior to beginning of the period for accepting
the offer on the Commercial Papers acquisition;
• on the webpage on the network Internet - within 2
(Two) days as from the date of fulfilment of such
appointments or their cancellation and not later than
7 (Seven) business days prior to beginning of the
period for accepting the offer on the Commercial
Papers acquisition.
Notice on appointment or cancellation of appointment
of Agents for acquisition of the Commercial Papers is
published by the Issuer on the webpage on the network
Internet after publication in the Newswire.
To introduce changes in the paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series
BО-05”, “C: Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial
Papers of series BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause
2.9. “Procedure of information disclosure on placement and placement results of equity securities”, subclause v):
Text of the version to be changed:
Text of the new version, including changes:
Disclosure of information on possibility of early
Disclosure of information on possibility of early
repayment on owners’ demand:
repayment on owners’ demand:
1) In the event of occurrence of the event granting the 1) In the event of occurrence of the event granting the right to
right to owners to demand early repayment of the owners to demand early repayment of the Commercial
Commercial Papers, the Issuer publishes information in Papers, the Issuer publishes information in the form of the
the form of the notice on essential fact “on occurrence notice on essential fact “on occurrence and (or) termination
and (or) termination of the right of the Issuer’s bonds
owners to demand early repayment of the issuer’s bonds
belonging to them from the issuer” within 1 (One) day in
the Newswire and within 2 (Two) days on the webpage on
the network Internet as from the date of occurrence of the
event granting the right to owners of the Commercial
Papers to present the Commercial Papers for early
repayment.
For this purpose, publication on the network
Internet is carried out after publication in the Newswire.
Text of the notice on essential fact shall be
available on the webpage on the network Internet within
at least 12 months as from the expiration date, established
by the Regulation on Information Disclosure for its
publication on the network Internet and if the notice is
published on the network Internet after expiration of such
a period - as from the date of its publication on the
network Internet.
2) Information on obtaining of notice by the Issuer from
the exchange which has carried out admission of the
Commercial Papers for bidding, about delisting of the
Commercial Papers, if the Issuer’s Commercial Papers
were not included in the list of the securities admitted for
organized bidding, of other stock exchanges, and on
occurrence of the Commercial Papers owners’ right to
demand early repayment of the Commercial Papers is
published by the Issuer in the form of notices on essential
facts “on exclusion of the issuer’s equity securities from
the list of the securities, which are admitted for bidding by
the Russian organizer of trade on the securities market”,
“on occurrence of the issuer bonds owners’ right to
demand early repayment of the issuer’s bonds belonging
to them from the issuer” in the following periods of time
as from the date of obtaining by the Issuer of the specified
notice from the exchange:
in the Newswire - not later than 1 (One) day;
on the webpage on the network Internet - not
later than 2 (Two) days.
The specified notice shall contain conditions of
early repayment (including cost of early repayment).
For this purpose, publication on the network
Internet is carried out after publication in the Newswire.
Text of the notice on essential fact shall be
available on the page on the network Internet within at
least 12 months as from the expiration date, established by
the Regulation on Information Disclosure for its
publication on the network Internet and if the notice is
published on the network Internet after the expiration of
such a period - as from the date of its publication on the
network Internet.
Besides, the Issuer is obliged to send to NSD the
notice to the effect that the exchange, which has carried
out admission of the Commercial Papers for bidding, has
sent notice to it on delisting of the Commercial Papers (if
the Commercial Papers of the Issuer are not included in
the list of the securities admitted for organized bidding, of
other stock exchanges), to the effect that the Issuer accepts
Demands on Early Repayment of the Commercial Papers,
and on the date of the early repayment of the Commercial
Papers.
•
•
of the right of the Issuer’s bonds owners to demand early
repayment of the issuer’s bonds belonging to them from the
issuer” within 1 (One) day in the Newswire and within 2
(Two) days on the webpage on the network Internet as from
the date of occurrence of the event granting the right to
owners of the Commercial Papers to present the Commercial
Papers for early repayment. The specified notice shall
contain the terms of the early repayment (including cost of the
early repayment).
For this purpose, publication on the network Internet is
carried out after publication in the Newswire.
Text of the notice on essential fact shall be available
on the webpage on the network Internet within at least 12
months as from the expiration date, established by the
Regulation on Information Disclosure for its publication on
the network Internet and if the notice is published on the
network Internet after expiration of such a period - as from
the date of its publication on the network Internet.
2) Information on obtaining of notice by the Issuer from the
exchange which has carried out admission of the Commercial
Papers for bidding, about delisting of the Commercial
Papers, if the Issuer’s Commercial Papers were not included
in the list of the securities admitted for organized bidding, of
other exchanges, and on occurrence of the Commercial
Papers owners’ right to demand early repayment of the
Commercial Papers is published by the Issuer in the form of
notices on essential facts “on exclusion of the issuer’s equity
securities from the list of the securities, which are admitted
for bidding by the Russian organizer of trade on the securities
market”, “on occurrence of the issuer bonds owners’ right to
demand early repayment of the issuer’s bonds belonging to
them from the issuer” in the following periods of time as from
the date of obtaining by the Issuer of the specified notice from
the exchange:
in the Newswire - not later than 1 (One) day;
on the webpage on the network Internet - not later
than 2 (Two) days.
The specified notice shall contain conditions of early
repayment (including cost of early repayment).
For this purpose, publication on the network Internet is
carried out after publication in the Newswire.
Text of the notice on essential fact shall be available
on the page on the network Internet within at least 12 months
as from the expiration date, established by the Regulation on
Information Disclosure for its publication on the network
Internet and if the notice is published on the network Internet
after the expiration of such a period - as from the date of its
publication on the network Internet.
Besides, the Issuer is obliged to send to NSD the notice
to the effect that the exchange, which has carried out
admission of the Commercial Papers for bidding, has sent
notice to it on delisting of the Commercial Papers (if the
Commercial Papers of the Issuer are not included in the list
of the securities admitted for organized bidding, of other
exchanges), to the effect that the Issuer accepts Demands on
Early Repayment of the Commercial Papers, and on the date
of the early repayment of the Commercial Papers.
•
•
3) Information on occurrence of an event terminating the
Commercial Papers owners’ right to demand early repayment
of the Commercial Papers is disclosed by the Issuer in the
form of the notice on essential fact “On occurrence and (or)
termination of the right of the Issuer’s bonds owners to
demand early repayment of the issuer’s bonds belonging to
them from the issuer” within the following timeframes as
from the date of the respective event occurrence:
•
in the newswire – not later than 1 (One) day;
• on the webpage on the Internet at:
http://www.edisclosure.ru/portal/company.aspx?id=4772 –
not later than 2 (Two) days;
• on the Issuer’s webpage on the Internet at:
http://www.sistema.ru/ - not later than 2
(Two) days.
For this purpose, publication on the network Internet is
carried out after publication in the newswire.
Issuer is obliged to inform NSD and the Exchange on
occurrence of the event terminating the Commercial Papers
owners’ right to demand early repayment of the Commercial
Papers, and on the date or procedure for definition of the
date, as from which the right of the Commercial Papers
owners to demand early repayment of the Commercial Papers
is terminated.
To introduce changes in the paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series
BО-05”, “C: Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial
Papers of series BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause
2.9. “Procedure of information disclosure on placement and placement results of equity securities”, subclause w):
Text of the version to be changed:
Text of the new version, including changes:
Issuer of the Commercial Papers, the securities of
Issuer of the Commercial Papers, the securities of
which are included by the stock exchange in the Quotation which are included by the exchange in the list of the securities
List, is obliged to publish press releases in the Newswire admitted for bidding at the organizer of bidding on the
about the resolutions taken by the Issuer’s management securities market, is obliged to publish press releases in the
body and subject to disclosure according to the Newswire about the resolutions taken by the Issuer’s
Regulation on Information Disclosure by way of management body and subject to disclosure according to the
publication of the notice, including the notice on essential Regulation on Information Disclosure by way of publication
fact, in the Newswire.
of the notice, including the notice on essential fact, in the
The specified press releases shall be published Newswire.
within no later than 1 (One) day as from the date of
The specified press releases shall be published within
carrying out the meeting (proceedings) of the Issuer’s no later than 1 (One) day as from the date of carrying out the
management body, which took the respective resolution meeting (proceedings) of the Issuer’s management body,
and if such a resolution is taken by the person holding the which took the respective resolution and if such a resolution
position (carrying out the functions) of the Issuer’s sole is taken by the person holding the position (carrying out the
executive body - within no later than 1 (One) day as from functions) of the Issuer’s sole executive body - within no later
the date of such a resolution taking.
than 1 (One) day as from the date of such a resolution taking.
If within the time, established by the Regulation on
If within the time, established by the Regulation on
Information Disclosure for publication of the press Information Disclosure for publication of the press release in
release in the Newswire, the Issuer discloses the the Newswire, the Issuer discloses the information on the
information on the resolution taken by the Issuer’s resolution taken by the Issuer’s management body by way of
management body by way of publication of the respective publication of the respective notice, including the notice on
notice, including the notice on essential fact, in the essential fact, in the Newswire, the press release publication
Newswire, the press release publication is not required.
is not required.
To introduce changes in the paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series
BО-05”, “C: Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial
Papers of series BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause
2.9. “Procedure of information disclosure on placement and placement results of equity securities”, subclause x):
Text of the version to be changed:
Text of the new version, including changes:
If within the period of the securities placement, the
If within the period of the securities placement, the
Issuer resolves to amend the Securities Issuance Issuer resolves to amend the Securities Issuance Resolution
Resolution and (or) Prospectus of Securities, and (or) if and (or) Prospectus of Securities, and (or) if the Issuer
the Issuer obtains, during the period of the securities obtains, during the period of the securities placement, a
placement, a demand in writing (order, ruling) on
suspension of placement from the state authority or stock
exchange, which carried out admission of the Commercial
Papers for bidding, the Issuer is obliged to suspend the
Commercial Papers placement and publish the notice of
the securities placement suspension.
Notice of securities placement suspension shall be
published by the Issuer within the following timeframes as
from the date of drawing up the minutes (date of
expiration of the period specified by the Russian
Federation laws for minutes drawing up) of the meeting
(proceeding) of the Issuer’s authorized management body,
which took the resolution on amending the Securities
Issuance Resolution and (or) Prospectus of Securities, and
in the event of changes in the conditions set by the
resolution on the securities placement - date of drawing
up the minutes (date of expiration of the period specified
by the Russian Federation laws for minutes drawing up)
of the meeting (proceeding) of the Issuer’s authorized
management body, which took the resolution on amending
such conditions, or date of receipt by the Issuer of a
demand in writing (order, ruling) of the authorized body
/person on suspension of the Commercial Papers
placement by way of post, fax, electronic communication,
serving against a signed receipt, whichever of the dates
comes earlier:
• in the Newswire - not later than 1 (One) day as
from the date named above;
• on the webpage on the network Internet - not
later than 2 (Two) days as from the date named
above.
Suspension of placement of securities before
publication of the notice on suspension of placement of
securities in the Newswire and on the webpage on the
network Internet is not allowed.
If placement of securities is suspended due to
taking by the registering body of the decision on
suspension of issuance of securities, the information on
suspension of placement of securities is disclosed by the
Issuer in the form of the notice on essential fact “on
suspension of issuance of the issuer’s equity securities” in
the order and form stipulated by the Regulation on
Information Disclosure.
demand in writing (order, ruling) on suspension of placement
from the state authority or exchange, which carried out
admission of the Commercial Papers for bidding, the Issuer is
obliged to suspend the Commercial Papers placement and
publish the notice of the securities placement suspension.
Notice of securities placement suspension shall be
published by the Issuer within the following timeframes as
from the date of drawing up the minutes (date of expiration of
the period specified by the Russian Federation laws for
minutes drawing up) of the meeting (proceeding) of the
Issuer’s authorized management body, which took the
resolution on amending the Securities Issuance Resolution
and (or) Prospectus of Securities, and in the event of changes
in the conditions set by the resolution on the securities
placement - date of drawing up the minutes (date of
expiration of the period specified by the Russian Federation
laws for minutes drawing up) of the meeting (proceeding) of
the Issuer’s authorized management body, which took the
resolution on amending such conditions, or date of receipt by
the Issuer of a demand in writing (order, ruling) of the
authorized body /person on suspension of the Commercial
Papers placement by way of post, fax, electronic
communication, serving against a signed receipt, whichever
of the dates comes earlier:
• in the Newswire - not later than 1 (One) day as from
the date named above;
• on the webpage on the network Internet - not later
than 2 (Two) days as from the date named above.
Suspension of placement of securities before
publication of the notice on suspension of placement of
securities in the Newswire and on the webpage on the
network Internet is not allowed.
If placement of securities is suspended due to taking by
the registering body of the decision on suspension of issuance
of securities, the information on suspension of placement of
securities is disclosed by the Issuer in the form of the notice
on essential fact “on suspension of issuance of the issuer’s
equity securities” in the order and form stipulated by the
Regulation on Information Disclosure.
To introduce changes in the paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series
BО-05”, “C: Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial
Papers of series BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause
2.9. “Procedure of information disclosure on placement and placement results of equity securities” in relation to the
Issuer’s obligation to disclose information in the form of a quarterly report and notices on essential facts (events,
actions) covering its financial and economic activity:
Text of the version to be changed:
Text of the new version, including changes:
Issuer undertakes to carry out disclosure of
Issuer undertakes to carry out disclosure of
information in the form of notices on essential facts information in the form of notices on essential facts in the
covering the financial and economic activity of the Issuer, order provided for by the current Russian Federation laws,
in the order provided for by the current Russian including normative regulations in the financial markets
Federation laws, including normative legal acts of the sector.
federal executive authority for the securities market.
Information disclosure in the form of a notice on
Information disclosure in the form of a notice on essential fact will be carried out by the Issuer by way of
essential fact will be carried out by the Issuer by way of publication of the notice on essential fact within the following
publication of the notice on essential fact within the timeframes as from the moment of occurrence of such an
following timeframes as from the moment of occurrence of essential fact:
such an essential fact:
• in the Newswire - not later than 1 (One) day;
• on the Issuer’s webpage on the network Internet not later than 2 (Two) days.
For this purpose, publication on the Internet
webpage is carried out after publication in the Newswire.
Text of the notice on essential fact shall be
available on the webpage on the network Internet within
at least 12 months as from the expiration date, established
by the Regulation on Information Disclosure for its
publication on the network Internet, and if the notice is
published on the network Internet after the expiration of
such a period - as from the date of its publication on the
network Internet.
Issuer discloses the information in the form of a
quarterly report of the Issuer of securities in the order
provided for by the current Russian Federation laws,
including normative legal acts of the federal executive
authority for the securities market.
Quarterly report is made out following the results
of each quarter.
No later than 45 (Forty-five) days as from the date
of termination of the respective quarter, the Issuer
publishes the text of the quarterly report on the webpage
on the network Internet.
Information disclosure in the form of the notice on
essential fact “on disclosure of the quarterly report by the
Issuer” will be carried out by the Issuer by way of
publication of the notice on essential fact within the
following timeframes as from the moment of occurrence of
such an essential fact:
• in the Newswire - not later than 1 (One) day;
• on the webpage on the network Internet - not
later than 2 (Two) days.
Text of the quarterly report of the Issuer of equity
securities is available on the Issuer’s webpage on the
network Internet within at least 5 (Five) years as from the
expiration date for its publication established by the
Regulation on Information Disclosure for its publication
and if it is published on the network Internet after the
expiration of such a period - as from the date of its
publication on the network Internet.
in the Newswire - not later than 1 (One) day;
on the Issuer’s webpage on the network Internet not later than 2 (Two) days.
For this purpose, publication on the Internet webpage
is carried out after publication in the Newswire.
Text of the notice on essential fact shall be available
on the webpage on the network Internet within at least 12
months as from the expiration date, established by the
Regulation on Information Disclosure for its publication on
the network Internet, and if the notice is published on the
network Internet after the expiration of such a period - as
from the date of its publication on the network Internet.
•
•
Issuer discloses the information in the form of a
quarterly report of the Issuer of securities in the order
provided for by the current Russian Federation laws,
including normative regulations in the financial markets
sector.
Quarterly report is made out following the results of
each quarter.
No later than 45 (Forty-five) days as from the date of
termination of the respective quarter, the Issuer publishes the
text of the quarterly report on the webpage on the network
Internet.
Information disclosure in the form of the notice on
essential fact “on disclosure of the quarterly report by the
Issuer” will be carried out by the Issuer by way of publication
of the notice on essential fact within the following timeframes
as from the moment of occurrence of such an essential fact:
• in the Newswire - not later than 1 (One) day;
• on the webpage on the network Internet - not later
than 2 (Two) days.
Text of the quarterly report of the Issuer of equity
securities is available on the Issuer’s webpage on the network
Internet within at least 5 (Five) years as from the expiration
date for its publication established by the Regulation on
Information Disclosure for its publication and if it is
published on the network Internet after the expiration of such
a period - as from the date of its publication on the network
Internet.
To introduce changes in the paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series
BО-05”, “C: Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial
Papers of series BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause
9.1. “Information on placed securities”, subclause 9.1.1. “General information” in relation to the data on depositary:
Text of the version to be changed:
Text of the new version, including changes:
Depositary which will implement centralized
Depositary which will implement centralized storage:
storage:
Full corporate name: Non-bank Credit Organization
Full
corporate
name:
Non-bank
Credit Closed Joint Stock Company “National Settlement
Organization Closed Joint Stock Company “National Depositary”
Settlement Depositary”
Abbreviated corporate name: NCO CJSC NSD
Abbreviated corporate name: NCO CJSC NSD
Location: Moscow, Spartakovskaya Street, 12
Location: 125009, Moscow, Sredny Kislovsky SidePostal address: 105066, Moscow, Spartakovskaya
street, 1/13, building 8
Street, 12
Postal address: 105066, Moscow, Spartakovskaya
TIN: 7702165310
Str., 12
Telephone: (495) 956-27-90, (495) 956-0938
TIN: 7702165310
Number of license of the professional participant in the
Telephone: (495) 956-27-90, (495) 956-0938
securities market to carry out depositary activities: 177Number of license of the professional participant in 12042-000100
the securities market to carry out depositary activities:
177-12042-000100
Date of issue: 19.02.2009
Validity period: for an indefinite term
Licensing body: FFMS of Russia
In the event of termination of activity of NCO CJSC
NSD due to its reorganization, the compulsory centralized
storage of the Commercial Papers will be carried out by
its assignee. When the Securities Issuance Resolution
mentions NCO CJSC NSD, it means NCO CJSC NSD or
its assignee.
Issue of all Commercial Papers is made out by
means of one certificate (hereinafter - the “Certificate”),
which is subject to the compulsory centralized storage at
Nonbank Credit Organization Closed Joint Stock
Company “National Settlement Depositary” (hereinafter “NSD”). Before the date of placement beginning, the
Issuer transfers the Certificate to NSD for storage.
Delivery of separate certificates of the Commercial
Papers to owners of the Commercial Papers on hand is
not stipulated. Owners of the Commercial Papers are not
entitled to demand the Certificate delivery on hand.
In the event of contradictions between the text of
the Securities Issuance Resolution and the data included
in the Certificate, the owner has the right to demand
implementation of the rights fixed by this security in the
volume, which is established by the Certificate.
Registration and certification of the rights to the
Commercial Papers, registration and certification of
transfer of the Commercial Papers, including cases of
encumbrance of the Commercial Papers using the
obligations, is carried out by NSD and other depositaries,
which perform registration of rights to the Commercial
Papers, except for NSD (hereinafter - the
“Depositaries”).
Property rights to the Commercial Papers are
confirmed by extracts under the custodial accounts, issued
by NSD and Depositaries to the Commercial Papers
holders.
Property right to the Commercial Papers passes
from one person to another at the moment of making a
credit entry under the custodial account of the
Commercial Papers purchaser to NSD and Depositaries.
Potential purchaser of the Commercial Papers is
obliged to open a custodial account with NSD or with a
Depositary. Order and terms of opening custodial
accounts are defined by the provisions of regulations of
respective depositaries.
Write-off of the Commercial Papers from custodial
accounts at the moment of repayment is made after
performance by the Issuer of all obligations to owners of
the Commercial Papers, which are related with payment
of the nominal value of the Commercial Papers and
payment of the coupon yield on them for all coupon
periods. Removal of the Commercial Papers Certificate
from the storage is performed after writing off all
Commercial Papers from accounts with NSD.
Order of registration and transition of rights to
certified equity securities with the compulsory centralized
storage is regulated by Federal Law #39-FZ dated
22.04.1996 “On the securities market”, Regulation on
Depositary Activity in the Russian Federation, approved
Date of issue: 19.02.2009
Validity period: for an indefinite term
Licensing body: Central Bank of the Russian
Federation
In the event of termination of activity of NCO CJSC
NSD due to its reorganization, the compulsory centralized
storage of the Commercial Papers will be carried out by its
assignee. When the Securities Issuance Resolution mentions
NCO CJSC NSD, it means NCO CJSC NSD or its assignee.
Issue of all Commercial Papers is made out by means
of one certificate (hereinafter - the “Certificate”), which is
subject to the compulsory centralized storage at Nonbank
Credit Organization Closed Joint Stock Company “National
Settlement Depositary” (hereinafter - “NSD”). Before the
date of placement beginning, the Issuer transfers the
Certificate to NSD for storage. Delivery of separate
certificates of the Commercial Papers to owners of the
Commercial Papers on hand is not stipulated. Owners of the
Commercial Papers are not entitled to demand the Certificate
delivery on hand.
In the event of contradictions between the text of the
Securities Issuance Resolution and the data included in the
Certificate, the owner has the right to demand
implementation of the rights fixed by this security in the
volume, which is established by the Certificate.
Registration and certification of the rights to the
Commercial Papers, registration and certification of transfer
of the Commercial Papers, including cases of encumbrance of
the Commercial Papers using the obligations, is carried out
by NSD and other depositaries, which perform registration of
rights to the Commercial Papers, except for NSD (hereinafter
- the “Depositaries”).
Property rights to the Commercial Papers are
confirmed by extracts under the custodial accounts, issued by
NSD and Depositaries to the Commercial Papers holders.
Property right to the Commercial Papers passes from
one person to another at the moment of making a credit entry
under the custodial account of the Commercial Papers
purchaser to NSD and Depositaries.
Potential purchaser of the Commercial Papers is
obliged to open a custodial account with NSD or with a
Depositary. Order and terms of opening custodial accounts
are defined by the provisions of regulations of respective
depositaries.
Write-off of the Commercial Papers from custodial
accounts at the moment of repayment is made after
performance by the Issuer of all obligations to owners of the
Commercial Papers, which are related with payment of the
nominal value of the Commercial Papers and payment of the
coupon yield on them for all coupon periods. Removal of the
Commercial Papers Certificate from the storage is performed
after writing off all Commercial Papers from accounts with
NSD.
Order of registration and transition of rights to
certified equity securities with the compulsory centralized
storage is regulated by Federal Law #39-FZ dated
22.04.1996 “On the securities market”, Regulation on
Depositary Activity in the Russian Federation, approved by
decision #36 of the Federal Securities Commission of Russia
dated 16.10.1997, and other normative documents of the
Russian Federation and internal documents of the depositary.
According to Federal Law #39-FZ dated 22.04.1996
by decision #36 of the Federal Securities Commission of
Russia dated 16.10.1997, and other normative documents
of the federal executive authority for the securities market
and internal documents of the depositary.
According to Federal Law #39-FZ dated
22.04.1996 “On the securities market”:
- In case of storage of certificates of bearer
certified securities and/or registration of the rights to such
securities at a depositary, the right to bearer certified
security passes to a purchaser at the moment of making a
credit entry under the purchaser’s custodial account.
Rights fixed by the equity security pass to their
purchaser as from the moment of transition of the rights to
this security.
Depositary, which carries out registration of the
rights to equity securities with the compulsory centralized
storage, is obliged to provide the bailor with the services,
which are related with obtaining of yields on such
securities in money and other cash payments payable to
owners of such securities.
Owners of the Commercial Papers and other
persons exercising rights on the Commercial Papers in
accordance with the federal laws receive payments on the
Commercial Papers through a depositary, which carries
out registration of the rights to the Commercial Papers, at
which they are bailors.
Custody agreement between the depositary, which
carries out registration of the rights to the Commercial
Papers, and the bailor shall contain an order of transfer
of payments on the Commercial Papers to the bailor.
Issuer performs a duty of implementation of
payments on the Commercial Papers by way of transfer of
money to NSD, which carries out their compulsory
centralized storage.
The specified duty is considered performed by the
Issuer as from the date of receipt of money in the account
with NSD.
NSD is obliged to transfer payments on securities
to its bailors, which are nominal holders and trustees –
professional participants in the securities market, no later
than one business day after the day of their receipt, and in
the event of transfer of the last payment on the securities,
the duty on implementation of which in the established
timeframe is not performed or performed improperly - not
later than three business days after the date of their
receipt. Payments on securities to other bailors are
transferred by NSD not later than five business days after
the day of their receipt. The Issuer bears subsidiary
responsibility to NSD bailors for performance by NSD of
the specified duty. Transfer by NSD of payments on
securities to the bailor which is the nominal holder, is
carried out to its special custodial account or account of
bailor - nominal holder which is a credit organization.
Depositary, which carries out registration of the
rights to securities, is obliged to transfer payments on
securities to its bailors, which are nominal holders and
trustees – professional participants in the securities
market, no later than the next business days after their
receipt, and in respect of other bailors – no later than 5
(Five) business days after the day of receipt of respective
payments and no later than 15 (Fifteen) business days
after the date, as at which NSD disclosed the information
on transfer of payments payable to its bailors on the
“On the securities market”:
- In case of storage of certificates of bearer certified
securities and/or registration of the rights to such securities
at a depositary, the right to bearer certified security passes to
a purchaser at the moment of making a credit entry under the
purchaser’s custodial account.
Rights fixed by the equity security pass to their
purchaser as from the moment of transition of the rights to
this security.
Depositary, which carries out registration of the rights
to equity securities with the compulsory centralized storage,
is obliged to provide the bailor with the services, which are
related with obtaining of yields on such securities in money
and other cash payments payable to owners of such
securities.
Owners of the Commercial Papers and other persons
exercising rights on the Commercial Papers in accordance
with the federal laws receive payments on the Commercial
Papers through a depositary, which carries out registration
of the rights to the Commercial Papers, at which they are
bailors.
Custody agreement between the depositary, which
carries out registration of the rights to the Commercial
Papers, and the bailor shall contain an order of transfer of
payments on the Commercial Papers to the bailor.
Issuer performs a duty of implementation of payments
on the Commercial Papers by way of transfer of money to
NSD, which carries out their compulsory centralized storage.
The specified duty is considered performed by the
Issuer as from the date of receipt of money in the account
with NSD.
NSD is obliged to transfer payments on securities to its
bailors, which are nominal holders and trustees –
professional participants in the securities market, no later
than one business day after the day of their receipt, and in the
event of transfer of the last payment on the securities, the duty
on implementation of which in the established timeframe is
not performed or performed improperly - not later than three
business days after the date of their receipt. Payments on
securities to other bailors are transferred by NSD not later
than five business days after the day of their receipt. The
Issuer bears subsidiary responsibility to NSD bailors for
performance by NSD of the specified duty. Transfer by NSD
of payments on securities to the bailor which is the nominal
holder, is carried out to its special custodial account or
account of bailor - nominal holder which is a credit
organization.
Depositary, which carries out registration of the rights
to securities, is obliged to transfer payments on securities to
its bailors, which are nominal holders and trustees –
professional participants in the securities market, no later
than the next business days after their receipt, and in respect
of other bailors – no later than 7 (Seven) business days after
the day of receipt of respective payments and no later than 15
(Fifteen) business days after the date, as at which NSD
disclosed the information on transfer of payments payable to
its bailors on the securities, in accordance with the effective
laws. For this purpose, transfer of payments on securities to
the bailor which is a nominal holder, is carried out to its
special custodial account or account of bailor - nominal
holder which is a credit organization.
After expiration of the specified fifteen-day period,
bailors have the right to demand from the Depositary, with
securities, in accordance with the effective laws. For this
purpose, transfer of payments on securities to the bailor
which is a nominal holder, is carried out to its special
custodial account or account of bailor - nominal holder
which is a credit organization.
After expiration of the specified fifteen-day period,
bailors have the right to demand from the Depositary,
with which they concluded the custody agreement, the
implementation of payments payable to them on securities
irrespective of receipt of such payments by the Depositary.
Demand in respect of the Depositary’s duty to
transfer payments on securities to its bailors no later than
15 (Fifteen) business days after the date, as at which NSD
disclosed the information on transfer of payments on
securities payable to its bailors, which are nominal
holders and trustees – professional participants in the
securities market, does not apply to the Depositary which
has become a bailor of another Depositary according to
written instructions of its bailor and has not received
payments on securities which were subject to transfer
from another Depositary.
Transfer of payments on the Commercial Papers is
carried out by the depositary to the person who was its
bailor:
1) at the end of the transaction day, which is prior
to the date defined in accordance with the document
certifying the rights fixed in the securities, and at which
the duty in respect to effecting payments on securities is
subject to execution;
2) at the end of the transaction date following the
date, at which NSD, in accordance with the effective laws,
disclosed information on receipt by NSD of transferrable
payments on securities if the duty of implementation of the
last payment on securities is not performed by the Issuer
within the established period or performed improperly.
Depositary transfers payments to its bailors on
securities pro rata to the quantity of the Commercial
Papers which were registered with their custodial
accounts at the end of the transaction day defined
according to the above-stated paragraph.
NSD is obliged to disclose information on:
1) receipt by it of transferrable payments on
securities;
2) transfer of payments on securities, which were
received by it, to its bailors, which are nominal holders
and trustees – professional participants in the securities
market, including amount of payment per one security.
According to the Regulation on the Depositary
Activity in the Russian Federation, which was approved
by Decision #36 of the Federal Securities Commission of
Russia dated 16.10.1997 (hereinafter - the “Regulation
on the Depositary Activity”):
Depositary is obliged to provide isolated storage of
securities and (or) registration of the rights to securities
of each client (bailor) from securities of other clients
(bailors) in the depositary, in particular, by way of
opening a separate custodial account for each client
(bailor). The records entered by the depositary about the
rights to securities certify the rights to securities unless
otherwise established in the judicial order. The
Depositary is obliged to make operations with securities
of clients (bailors) on the instructions of these clients
(bailors) only or the persons authorized by them,
which they concluded the custody agreement, the
implementation of payments payable to them on securities
irrespective of receipt of such payments by the Depositary.
Demand in respect of the Depositary’s duty to transfer
payments on securities to its bailors no later than 15 (Fifteen)
business days after the date, as at which NSD disclosed the
information on transfer of payments on securities payable to
its bailors, which are nominal holders and trustees –
professional participants in the securities market, does not
apply to the Depositary which has become a bailor of another
Depositary according to written instructions of its bailor and
has not received payments on securities which were subject to
transfer from another Depositary.
Transfer of payments on the Commercial Papers is
carried out by the depositary to the person who was its
bailor:
1) at the end of the transaction day, which is prior to
the date defined in accordance with the document certifying
the rights fixed in the securities, and at which the duty in
respect to effecting payments on securities is subject to
execution;
2) at the end of the transaction date following the date,
at which NSD, in accordance with the effective laws,
disclosed information on receipt by NSD of transferrable
payments on securities if the duty of implementation of the
last payment on securities is not performed by the Issuer
within the established period or performed improperly.
Depositary transfers payments to its bailors on
securities pro rata to the quantity of the Commercial Papers
which were registered with their custodial accounts at the end
of the transaction day defined according to the above-stated
paragraph.
NSD is obliged to disclose information on:
1) receipt by it of transferrable payments on securities;
2) transfer of payments on securities, which were
received by it, to its bailors, which are nominal holders and
trustees – professional participants in the securities market,
including amount of payment per one security.
According to the Regulation on the Depositary Activity
in the Russian Federation, which was approved by Decision
#36 of the Federal Securities Commission of Russia dated
16.10.1997 (hereinafter - the “Regulation on the Depositary
Activity”):
Depositary is obliged to provide isolated storage of
securities and (or) registration of the rights to securities of
each client (bailor) from securities of other clients (bailors)
in the depositary, in particular, by way of opening a separate
custodial account for each client (bailor). The records
entered by the depositary about the rights to securities certify
the rights to securities unless otherwise established in the
judicial order. The Depositary is obliged to make operations
with securities of clients (bailors) on the instructions of these
clients (bailors) only or the persons authorized by them,
including trustees of accounts, and within the period,
established by the custody agreement. The Depositary is
obliged to enter records under the custodial account of the
client (bailor) only if the documents serving as a basis for
such records according to the Regulation on the Depositary
Activity, other normative legal acts and custody agreement
are available.
Basis for entering records under the custodial account
of the client (bailor) is as follows:
- instruction of the client (bailor) or the person
including trustees of accounts, and within the period,
established by the custody agreement. The Depositary is
obliged to enter records under the custodial account of the
client (bailor) only if the documents serving as a basis for
such records according to the Regulation on the
Depositary Activity, other normative legal acts and
custody agreement are available.
Basis for entering records under the custodial
account of the client (bailor) is as follows:
- instruction of the client (bailor) or the person
authorized by it, including the trustee of the account,
meeting the requirements, provided by the custody
agreement;
- in the event of transition of the right to securities
otherwise than as a result of civil-law transactions documents confirming transition of the rights to securities
according to laws in force and other normative legal acts.
Depositary is obliged to register the facts of
encumbrance of securities of clients (bailors) by way of
pledge, and other rights of third parties in the order
provided by the custody agreement.
Rights to securities which are in storage and (or)
the rights to which are registered in the depositary, are
considered transferred as from the moment of entering by
the depositary of a respective record under the custodial
account of the client (bailor). However, if no any record
under the custodial account is available, a person
concerned does not lose the possibility to prove its rights
to the security, referring to other proofs.
If the current laws and/or normative documents of
the federal executive authority for the securities market of
Russia are changed, the order of registration and
transition of the rights to the Commercial Papers will be
governed taking into account the changed requirements of
the laws and/or normative documents.
authorized by it, including the trustee of the account, meeting
the requirements, provided by the custody agreement;
- in the event of transition of the right to securities
otherwise than as a result of civil-law transactions documents confirming transition of the rights to securities
according to laws in force and other normative legal acts.
Depositary is obliged to register the facts of
encumbrance of securities of clients (bailors) by way of
pledge, and other rights of third parties in the order provided
by the custody agreement.
Rights to securities which are in storage and (or) the
rights to which are registered in the depositary, are
considered transferred as from the moment of entering by the
depositary of a respective record under the custodial account
of the client (bailor). However, if no any record under the
custodial account is available, a person concerned does not
lose the possibility to prove its rights to the security, referring
to other proofs.
If the current laws and/or normative documents in the
financial markets sector are changed, the order of
registration and transition of the rights to the Commercial
Papers will be governed taking into account the changed
requirements of the laws and/or normative documents.
To introduce changes in the paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series
BО-05”, “C: Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial
Papers of series BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause
9.1. “Information on placed securities”, subclause 9.1.1. “General information” in relation to the return of
investments:
Text of the version to be changed:
Text of the new version, including changes:
Issuer undertakes to ensure return of investments
Issuer undertakes to ensure return of investments for
for the Commercial Papers owners in the event of the Commercial Papers owners in the event of recognition of
recognition of the Commercial Papers issue as void or the Commercial Papers issue as invalid in accordance with
invalid in accordance with the laws.
the laws.
To delete from the paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series BО-05”,
“C: Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial Papers of
series BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause 9.1.
“Information on placed securities”, subclause 9.1.1. “General information” in relation to the rights given by each
security of the issue:
Owners of the Commercial Papers and other persons exercising rights on the Commercial Papers in accordance
with the federal laws receive payments on the Commercial Papers through a depositary, which carries out registration of
the rights to the Commercial Papers, at which they are bailers. Custody agreement between the depositary, which carries
out registration of the rights to the Commercial Papers, and the bailor shall contain an order of transfer of payments on
the Commercial Papers to the bailor.
To introduce changes in the paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series
BО-05”, “C: Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial
Papers of series BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause
9.1. “Information on placed securities”, subclause 9.1.1. “General information” in relation to the procedure for
placement of securities, date of beginning and date of completion of the placement:
Text of the version to be changed:
Text of the new version, including changes:
Date of placement beginning or procedure for its
If at the moment of taking (approval by the authorized
definition:
body) by the Issuer of the resolution on the date of the
Placement of the Commercial Papers begins not beginning of the Commercial Papers placement and/or
earlier than on the date, as from which the Issuer provides resolution on change in the date of the beginning of the
access to the prospectus of securities.
Commercial Papers placement, according to the applicable
Commercial Papers can be placed provided that laws of the Russian Federation and/or normative regulations
they are fully paid.
in the financial markets sector, another proceduer and time
Within the period of not more than 2 (Two) days as limits for taking (approval by the authorized body) by the
from the date of admission of the Commercial Papers for Issuer of the resolution on the specified events is established,
bidding during the process of their placement, the Issuer than the procedure and time limits stipulated by this clause,
publishes the text of the Prospectus of Securities on the but at the same time applying to this issue of the Commercial
Internet webpage.
Papers proceeding from the date of assignment of the
Notice on admission of the Commercial Papers for identification number to it, taking (approval by the authorized
bidding during their placement and on procedure for body) by the Issuer of the specified resolutions is carried out
getting access to the information contained in the in the procedure and within the time frames, as specified by
Prospectus of Securities is published by the Issuer in the the Russian Federation laws and/or normative regulations in
manner and within time limits, as specified in paragraph the financial markets sector, applicable at the moment of
11 of the Securities Issuance Resolution and clause 2.9. of taking (approval by the authorized body) by the Issuer of the
the Prospectus of Securities.
specified resolutions.
Date of beginning of the Commercial Papers
If at the moment of information disclosure on the date
placement is defined by the sole executive body of the of the beginning of the Commercial Papers placement and/or
Issuer.
resolution on change in the date of the beginning of the
If at the moment of occurrence of an event, about Commercial Papers placement, according to the applicable
which the Issuer must disclose information in accordance laws of the Russian Federation and/or normative regulations
with the applicable federal laws and normative in the financial markets sector, another proceduer and time
regulations of the federal executive body for the securities limits for information disclosure on the specified events is
market, a different procedure and time limits of established, than the procedure and time limits stipulated by
information disclosure on such an event is determined, this clause, but at the same time applying to this issue of the
rather than the procedure and time limits established by Commercial Papers proceeding from the date of assignment
the Securities Issuance Resolution and Prospectus of of the identification number to it, information on the specified
Securities, the information about such an event is events is disclosed by the Issuer in the procedure and within
disclosed in the manner and within the time limits, as the time frames, as specified by the Russian Federation laws
stipulated by the federal laws and normative regulations and/or normative regulations in the financial markets sector,
of the federal executive body for the securities market, applicable at the moment of information disclosure of the
applicable at the time of the event occurrence.
specified events.
Notice of the date of the Commercial Papers
Date of placement beginning or procedure for its
placement beginning is disclosed by the Issuer by way of determining:
publication of the notice within the time limits and in the
Placement of the Commercial Papers begins not
manner, as provided for in paragraph 11 of the Securities earlier than on the date, as from which the Issuer provides
Issuance Resolution and clause 2.9 of the Prospectus of access to the prospectus of securities.
Securities.
Commercial Papers can be placed provided that they
Issuer shall notify the Exchange and NSD of the are fully paid.
determined date of the placement beginning no later than
Within the period of not more than 2 (Two) days as
5 (Five) days prior to the relevant date.
from the date of admission of the Commercial Papers for
Date of beginning of the Commercial Papers bidding during the process of their placement, the Issuer
placement, which is determined by the sole executive body publishes the text of the Prospectus of Securities on the
of the Issuer, may be changed by the resolution of the Internet webpage.
same management body of the Issuer, provided that the
Notice on admission of the Commercial Papers for
requirements to the procedure for disclose of information bidding during their placement and on procedure for getting
about the changed date of the Commercial Papers access to the information contained in the Prospectus of
placement, as defined by the Russian Federation laws, Securities is published by the Issuer in the manner and within
Securities Issuance Resolution and Prospectus of time limits, as specified in paragraph 11 of the Securities
Securities are observed.
Issuance Resolution and clause 2.9. of the Prospectus of
If the Issuer takes a resolution to change the date of Securities.
the securities placement beginning, which is disclosed in
Date of beginning of the Commercial Papers
the manner provided above, the Issuer shall publish a placement is defined by the sole executive body of the Issuer.
notice "on change in the date of the securities placement"
If at the moment of occurrence of an event, about
in the newswire of the information agencies which are
authorized by the federal executive body for the securities
market for the disclosure of information on the securities
market (hereinafter - "in the Newswire") on the page on
the information and telecommunications network
"Internet" (hereinafter - the "Internet")5 no later than 1
(One) day prior to such a date.
Issuer shall notify the Exchange and NSD of the
changed date of the placement beginning not later than
the next day after the date of drawing up the minutes (date
of expiration of the period, as set forth by the Russian
Federation laws for drawing up minutes) of the meeting
(proceedings) of the Issuer's management body, which
took the respective resolution, or as from the date of
taking such a resolution by the authorized management
body of the Issuer, if minutes drawing up is not required,
but not later than one day prior to the relevant date.
Date of the placement completion or the procedure
for its determining:
Date of the Commercial Papers placement
completion is the earliest of the following dates:
a) the 3rd (Third) business day as from the date of
the Commercial Papers placement beginning;
b) date of placement of the last Commercial Paper
of the issue, but not later than one month as from the
beginning of the Commercial Papers placement.
Issue of the Commercial Papers is not intended to
be placed in tranches.
which the Issuer must disclose information in accordance
with the applicable federal laws and normative regulations in
the financial markets sector, a different procedure and time
limits of information disclosure on such an event is
determined, rather than the procedure and time limits
established by the Securities Issuance Resolution and
Prospectus of Securities, but at the same time applying to
such an issue of the Commercial Papers based on the date of
the assignment of the identification number to it, the
information about such an event is disclosed in the manner
and within the time limits, as stipulated by the federal laws
and normative regulations in the financial markets sector,
applicable at the time of the event occurrence.
Notice of the date of the Commercial Papers placement
beginning is disclosed by the Issuer by way of publication of
the notice within the time limits and in the manner, as
provided for in paragraph 11 of the Securities Issuance
Resolution and clause 2.9 of the Prospectus of Securities.
Issuer shall notify the Exchange and NSD of the
determined date of the placement beginning no later than 5
(Five) days prior to the relevant date.
Date of beginning of the Commercial Papers
placement, which is determined by the sole executive body of
the Issuer, may be changed by the resolution of the same
management body of the Issuer, provided that the
requirements to the procedure for disclose of information
about the changed date of the Commercial Papers placement,
as defined by the Russian Federation laws, Securities
Issuance Resolution and Prospectus of Securities are
observed.
If the Issuer takes a resolution to change the date of the
securities placement beginning, which is disclosed in the
manner provided above, the Issuer shall publish a notice "on
change in the date of the securities placement" in the
newswire of the information agencies which are authorized
for the disclosure of information on the securities market
(hereinafter - "in the Newswire") on the page on the
information and telecommunications network "Internet"
(hereinafter - the "Internet")6 no later than 1 (One) day prior
to such a date.
Issuer shall notify the Exchange and NSD of the
changed date of the placement beginning not later than the
next day after the date of drawing up the minutes (date of
expiration of the period, as set forth by the Russian
Federation laws for drawing up minutes) of the meeting
(proceedings) of the Issuer's management body, which took
the respective resolution, or as from the date of taking such a
resolution by the authorized management body of the Issuer,
if minutes drawing up is not required, but not later than one
day prior to the relevant date.
Date of the placement completion or the procedure for
its determining:
Date of the Commercial Papers placement completion
is the earliest of the following dates:
5
Hereinafter disclosure of information “on the webpage on the Internet” means disclosure of information on the Internet
webpage, which is provided by one of the distributors of information on the securities market - _ http://www.edisclosure.ru/portal/company.aspx?id=5563, as well as on the Internet webpage, the electronic address of which includes the
domain name - http://www.moesk.ru 6
Hereinafter disclosure of information “on the webpage on the Internet” means disclosure of information on the Internet
webpage, which is provided by one of the distributors of information on the securities market - _ http://www.edisclosure.ru/portal/company.aspx?id=5563, as well as on the Internet webpage, the electronic address of which includes the
domain name - http://www.moesk.ru a) the 3rd (Third) business day as from the date of the
Commercial Papers placement beginning;
b) date of placement of the last Commercial Paper of
the issue.
Issue of the Commercial Papers is not intended to be
placed in tranches.
To introduce changes in the paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series
BО-05”, “C: Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial
Papers of series BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause
9.1. “Information on placed securities”, subclause 9.1.1. “General information” in relation to the procedure for
placement and terms of conclusion of agreements aimed at alienation of securities to the first owners during their
placement:
Text of the version to be changed:
Text of the new version, including changes:
Placement of the Commercial Papers can be
Placement of the Commercial Papers can be carried
carried out with or without the inclusion of the out with or without the inclusion of the Commercial Papers in
Commercial Papers in one of the quotation lists CJSC one of the quotation lists CJSC "MICEX SEM". At the same
"MICEX SEM". At the same time, when the Commercial time, when the Commercial Papers are included in the
Papers are included in the quotation list, such inclusion quotation list, such inclusion will be implemented in
will be implemented in accordance with the rules accordance with the rules applicable in CJSC "Stock
applicable in CJSC "Stock Exchange Market MICEX".
Exchange Market MICEX".
Procedure and conditions of entering into
Procedure and conditions of entering into agreements
agreements (order and conditions of submitting and (order and conditions of submitting and meeting bids) during
meeting bids) during the securities placement:
the securities placement:
The Commercial Papers placement is carried out
The Commercial Papers placement is carried out by
by entering into sale and purchase transactions at the entering into sale and purchase transactions at the price of
price of placement of the Commercial Papers, which is placement of the Commercial Papers, which is specified in
specified in paragraph 8.4 of the Securities Issuance paragraph 8.4 of the Securities Issuance Resolution and
Resolution and paragraph 2.4 of the Prospectus of paragraph 2.4 of the Prospectus of Securities (hereinafter Securities (hereinafter - the "Placement Price").
the "Placement Price").
In the process of placement of the Commercial
In the process of placement of the Commercial Papers,
Papers, transactions are entered into at CJSC " Stock transactions are entered into at CJSC " Stock Exchange
Exchange Market MICEX" (hereinafter - the "Exchange", Market MICEX" (hereinafter - the "Exchange", "MICEX
"MICEX SEM") by way of meeting targeted applications SEM") by way of meeting targeted applications for the
for the purchase of the Commercial Papers filed via the purchase of the Commercial Papers filed via the Exchange
Exchange Bidding System in accordance with the Rules on Bidding System in accordance with the Rules on Securities
Securities Bidding in CJSC "Stock Exchange Market Bidding in CJSC "Stock Exchange Market MICEX"
MICEX" (hereinafter - the "Exchange Bidding Rules", (hereinafter - the "Exchange Bidding Rules", "Exchange
"Exchange Rules")
Rules")
Organizations providing services to the Issuer
Organizations providing services to the Issuer which
which are related with placement organization and are related with placement organization and placement of the
placement of the Commercial Papers (hereinafter Commercial Papers (hereinafter individually – the
individually – the "Organizer" or collectively - the "Organizer" or collectively - the "Organizers") are
"Organizers") are "Gazprombank" (Open Joint Stock "Gazprombank" (Open Joint Stock Company), Closed Joint
Company), Closed Joint Stock Company "VTB Capital", Stock Company "VTB Capital", CJSC "Sberbank CIB",
CJSC "Sberbank CIB", Closed Joint Stock Company Closed Joint Stock Company "Raiffeisenbank", Joint-Stock
"Raiffeisenbank",
Joint-Stock
Commercial
Bank Commercial Bank "ROSBANK" (open joint stock company),
"ROSBANK" (open joint stock company), Open Joint Open Joint Stock Company "BANK URALSIB", Limited
Stock Company "BANK URALSIB", Limited Liability Liability Company "URALSIB Capital", Open Joint Stock
Company "URALSIB Capital", Open Joint Stock Company Company Bank "Otkrytie", Open Joint Stock Company
Bank "Otkrytie", Open Joint Stock Company "Promsvyazbank", Open Joint Stock Company "ALFA"Promsvyazbank", Open Joint Stock Company "ALFA- BANK", Interregional Commercial Bank of Communications
BANK",
Interregional
Commercial
Bank
of Development and Informatics (Open Joint Stock Company),
Communications Development and Informatics (Open Limited Liability Company "Investment Company of
Joint Stock Company), Limited Liability Company Vnesheconombank" ("VEB Capital")."
"Investment Company of Vnesheconombank" ("VEB
Placement of the Commercial Papers will be carried
Capital")."
out by the Issuer with the involvement of one of the
Placement of the Commercial Papers will be Organizers as a person providing services to the Issuer in
carried out by the Issuer with the involvement of one of respect of the Commercial Papers placement (hereinafter the Organizers as a person providing services to the the "Underwriter").
Issuer in respect of the Commercial Papers placement
(hereinafter - the "Underwriter").
Before the date of the placement beginning, the
Issuer discloses information about the Underwriters, to
which the participants in a bidding process of SEM
MICEX will forward applications for the purchase of the
Commercial Papers during the term of the Commercial
Papers placement in the form of a notice on essential fact
in accordance with paragraph 11 of the Securities
Issuance Resolution and p. 2.9 of the Prospectus of
Securities.
Full corporate name: "Gazprombank" (Open Joint
Stock Company)
Abbreviated name: GPB (OJSC)
TIN: 7744001497
PSRN: 1027700167110
Location: 117420, Moscow, Nametkina Street, 16,
bldg. 1
Postal address: 117420, Moscow, Nametkina Street,
16, bldg. 1
License number: License for brokerage activities
#177-04229-100000
Date of issue: 27.12.2000
Validity: no expiration date
Issuing authority: FCS (Federal Securities
Commission) of Russia
Full corporate name: Closed Joint Stock Company
"VTB Capital"
Abbreviated name: CJSC "VTB Capital"
TIN: 7703585780
PSRN: 1067746393780
Location: Moscow, Presnenskaya Embankment, 12
Postal address: 123100, Moscow, Presnenskaya
Embankment, 12
License number: License for brokerage activities
#177-11463-100000
Date of issue: 31.07. 2008
Validity: no expiration date
Issuing authority: FFMS of Russia
Full corporate name: Closed Joint Stock Company
"Sberbank CIB"
Abbreviated name: CJSC "Sberbank CIB"
TIN: 7710048970
PSRN: 1027739007768
Location: Russian Federation, 125009, Moscow,
Romanov side-street, 4
Postal address: Russian Federation, 125009,
Moscow, Romanov side-street, 4
License number: License for brokerage activities
#177-06514-100000
Date of issue: 08.04.2003
Validity: no expiration date
Issuing authority: FCS of Russia
Full corporate name: Closed Joint Stock Company
"Raiffeisenbank"
Abbreviated name: CJSC "Raiffeisenbank"
TIN: 7744000302
PSRN: 1027739326449
Location: 129090, Moscow, Troitskaya Street, 17,
Before the date of the placement beginning, the Issuer
discloses information about the Underwriters, to which the
participants in a bidding process of SEM MICEX will
forward applications for the purchase of the Commercial
Papers during the term of the Commercial Papers placement
in the form of a notice on essential fact in accordance with
paragraph 11 of the Securities Issuance Resolution and p. 2.9
of the Prospectus of Securities.
Full corporate name: "Gazprombank" (Open Joint
Stock Company)
Abbreviated name: GPB (OJSC)
TIN: 7744001497
PSRN: 1027700167110
Location: 117420, Moscow, Nametkina Street, 16,
bldg. 1
Postal address: 117420, Moscow, Nametkina Street, 16,
bldg. 1
License number: License for brokerage activities #17704229-100000
Date of issue: 27.12.2000
Validity: no expiration date
Issuing
authority:
FCS
(Federal
Securities
Commission) of Russia
Full corporate name: Closed Joint Stock Company
"VTB Capital"
Abbreviated name: CJSC "VTB Capital"
TIN: 7703585780
PSRN: 1067746393780
Location: Moscow, Presnenskaya Embankment, 12
Postal address: 123100, Moscow, Presnenskaya
Embankment, 12
License number: License for brokerage activities #17711463-100000
Date of issue: 31.07. 2008
Validity: no expiration date
Issuing authority: FFMS of Russia
Full corporate name: Closed Joint Stock Company
"Sberbank CIB"
Abbreviated name: CJSC "Sberbank CIB"
TIN: 7710048970
PSRN: 1027739007768
Location: Russian Federation, 125009, Moscow,
Romanov side-street, 4
Postal address: Russian Federation, 125009, Moscow,
Romanov side-street, 4
License number: License for brokerage activities #17706514-100000
Date of issue: 08.04.2003
Validity: no expiration date
Issuing authority: FCS of Russia
Full corporate name: Closed Joint Stock Company
"Raiffeisenbank"
Abbreviated name: CJSC "Raiffeisenbank"
TIN: 7744000302
PSRN: 1027739326449
Location: 129090, Moscow, Troitskaya Street, 17,
bldg. 1
Postal address: 129090, Moscow, Troitskaya Street, 17,
bldg. 1
bldg. 1
Postal address: 129090, Moscow, Troitskaya Street,
17, bldg. 1
License number: License for brokerage activities
#177-02900-100000
Date of issue: 27.11.2000
Validity: no expiration date
Issuing authority: FCS of Russia
Full company name: Joint Stock Commercial Bank
"ROSBANK" (Open Joint Stock Company)
Abbreviated name: OJSC JSCB “ROSBANK”
TIN: 7730060164
PSRN: 1027739460737
Location: 107078, Moscow, Mashi Poryvayevoi
Street, 11
Postal address: 107078, Moscow, Mashi
Poryvayevoi Street, 11
License number: License for brokerage activities
#177-05721-100000
Date of issue: 06.11.2001
Validity: no expiration date
Issuing authority: FCS of Russia
Full company name: Open Joint Stock Company
"BANK URALSIB"
Abbreviated name: OJSC "URALSIB"
TIN: 0274062111
PSRN: 1020280000190
Location: 119048, Moscow, Efremova Street, 8
Postal address: 119048, Moscow, Efremova Street,
8
License number: License for brokerage activities
#177-06461-100000
Date of issue: 07.03.2003
Validity: no expiration date
Issuing authority: FFMS of Russia
Full company name: Limited Liability Company
"URALSIB Capital"
Abbreviated name: "URALSIB Capital"
TIN: 7707194868
PSRN: 1027739000739
Location: 119048, Moscow, Efremova Street, 8
Postal address: 119048, Moscow, Efremova Street,
8
License number: License for brokerage activities
#177-04926-100000
Date of issue: 28.03.2001
Validity: no expiration date
Issuing authority: FCS of Russia
Full company name: Open Joint Stock Company
Bank "Otkrytie"
Abbreviated name: OJSC Bank "Otkrytie"
TIN: 7744003399
PSRN: 1037711013295
Location: 119021, Moscow, Timura Frunze Street,
11, bldg. 13
Postal address: 119021, Moscow, Timura Frunze
Street, 11, bldg. 13
License number: License for brokerage activities
#177-03454-100000
License number: License for brokerage activities #17702900-100000
Date of issue: 27.11.2000
Validity: no expiration date
Issuing authority: FCS of Russia
Full company name: Joint Stock Commercial Bank
"ROSBANK" (Open Joint Stock Company)
Abbreviated name: OJSC JSCB “ROSBANK”
TIN: 7730060164
PSRN: 1027739460737
Location: 107078, Moscow, Mashi Poryvayevoi Street,
11
Postal address: 107078, Moscow, Mashi Poryvayevoi
Street, 11
License number: License for brokerage activities #17705721-100000
Date of issue: 06.11.2001
Validity: no expiration date
Issuing authority: FCS of Russia
Full company name: Open Joint Stock Company
"BANK URALSIB"
Abbreviated name: OJSC "URALSIB"
TIN: 0274062111
PSRN: 1020280000190
Location: 119048, Moscow, Efremova Street, 8
Postal address: 119048, Moscow, Efremova Street, 8
License number: License for brokerage activities #17706461-100000
Date of issue: 07.03.2003
Validity: no expiration date
Issuing authority: FFMS of Russia
Full company name: Limited Liability Company
"URALSIB Capital"
Abbreviated name: "URALSIB Capital"
TIN: 7707194868
PSRN: 1027739000739
Location: 119048, Moscow, Efremova Street, 8
Postal address: 119048, Moscow, Efremova Street, 8
License number: License for brokerage activities #17704926-100000
Date of issue: 28.03.2001
Validity: no expiration date
Issuing authority: FCS of Russia
Full company name: Open Joint Stock Company Bank
"Otkrytie"
Abbreviated name: OJSC Bank "Otkrytie"
TIN: 7744003399
PSRN: 1037711013295
Location: 119021, Moscow, Timura Frunze Street, 11,
bldg. 13
Postal address: 119021, Moscow, Timura Frunze
Street, 11, bldg. 13
License number: License for brokerage activities #17703454-100000
Date of issue: 07.12.2000
Validity: no expiration date
Issuing authority: FFMS of Russia
Full company name: Open Joint Stock Company
Date of issue: 07.12.2000
Validity: no expiration date
Issuing authority: FFMS of Russia
Full company name: Open Joint Stock Company
"Promsvyazbank"
Abbreviated name: OJSC "Promsvyazbank"
TIN: 7744000912
PSRN: 1027739019142
Location: Russian Federation, 109052, Moscow,
Smirnovskaya Street, 10, bldg. 22
Postal address: Russian Federation, 109052,
Moscow, Smirnovskaya Street, 10, bldg. 22
License number: License for brokerage activities
#177-03816-100000
Date of issue: 13.12.2000
Validity: no expiration date
Issuing authority: FFMS of Russia
Full corporate name: Open Joint Stock Company
"ALFA-BANK"
Abbreviated name: OJSC "ALFA-BANK"
TIN: 7728168971
PSRN: 1027700067328
Location: 107078, Moscow, Kalanchevskaya Street,
27
Postal address: 107078, Moscow, Akademika
Sakharova Avenue, 12
License number: License for brokerage activities
#177-03471-100000
Date of issue: 07.12.2000
Validity: no expiration date
Issuing authority: FCS of Russia
Full corporate name: Interregional Commercial
Bank of Communications Development and Informatics
(Open Joint Stock Company)
Abbreviated name: OJSC JSCB "Svyaz-Bank"
TIN: 7710301140
PSRN: 1027700159288
Location: 125375, Moscow, Tverskaya Street, 7
Postal address: 125375, Moscow, Tverskaya Street,
7
License number: License for brokerage activities
#177-10817-100000
Date of issue: 06.12.2007
Validity: no expiration date
Issuing authority: FFMS of Russia
Full company name: Limited Liability Company
"Investment Company of Vnesheconombank ("VEB
Capital")"
Abbreviated name: LLC "VEB Capital"
TIN: 7708710924
PSRN: 1097746831709
Location: Russia, GSP-6, 107996, Moscow,
Akademika Sakharova Avenue, 9
Postal address: Russia, 107078, Moscow, Mashi
Poryvayevoi Street, 7
License number: License for brokerage activities
#077-13226-100000
Date of issue: 27.07.2010
Validity: no expiration date
"Promsvyazbank"
Abbreviated name: OJSC "Promsvyazbank"
TIN: 7744000912
PSRN: 1027739019142
Location: Russian Federation, 109052, Moscow,
Smirnovskaya Street, 10, bldg. 22
Postal address: Russian Federation, 109052, Moscow,
Smirnovskaya Street, 10, bldg. 22
License number: License for brokerage activities #17703816-100000
Date of issue: 13.12.2000
Validity: no expiration date
Issuing authority: FFMS of Russia
Full corporate name: Open Joint Stock Company
"ALFA-BANK"
Abbreviated name: OJSC "ALFA-BANK"
TIN: 7728168971
PSRN: 1027700067328
Location: 107078, Moscow, Kalanchevskaya Street, 27
Postal address: 107078, Moscow, Akademika
Sakharova Avenue, 12
License number: License for brokerage activities #17703471-100000
Date of issue: 07.12.2000
Validity: no expiration date
Issuing authority: FCS of Russia
Full corporate name: Interregional Commercial Bank
of Communications Development and Informatics (Open Joint
Stock Company)
Abbreviated name: OJSC JSCB "Svyaz-Bank"
TIN: 7710301140
PSRN: 1027700159288
Location: 125375, Moscow, Tverskaya Street, 7
Postal address: 125375, Moscow, Tverskaya Street, 7
License number: License for brokerage activities #17710817-100000
Date of issue: 06.12.2007
Validity: no expiration date
Issuing authority: FFMS of Russia
Full company name: Limited Liability Company
"Investment Company of Vnesheconombank ("VEB Capital")"
Abbreviated name: LLC "VEB Capital"
TIN: 7708710924
PSRN: 1097746831709
Location: Russia, GSP-6, 107996, Moscow, Akademika
Sakharova Avenue, 9
Postal address: Russia, 107078, Moscow, Mashi
Poryvayevoi Street, 7
License number: License for brokerage activities #07713226-100000
Date of issue: 27.07.2010
Validity: no expiration date
Issuing authority: FFMS of Russia
Bidding is held in accordance with the Exchange
Rules, which are registered in the prescribed manner by the
Central Bank of the Russian Federation or another
authorized body for regulation, control and supervision in the
financial markets sector, and effective at the date of the
bidding.
Issuing authority: FFMS of Russia
Bidding is held in accordance with the Exchange
Rules, which are registered in the prescribed manner by
the federal executive body for the securities market, and
effective at the date of the bidding.
In this case, placement of the Commercial Papers
can be carried out in the form of the tender for the
definition of the coupon rate for the first coupon period
(hereinafter - the "Tender") or by way of collecting direct
applications from purchasers for the purchase of the
Commercial Papers at a fixed price and coupon rate for
the first coupon period, determined beforehand by the
Issuer in the manner and on the terms specified in the
Securities Issuance Resolution and Prospectus of
Securities. The resolution on the procedure for placement
of the Commercial Papers is taken by the sole executive
body of the Issuer before the date of commencement of the
Commercial Papers placement and is disclosed in
accordance with clause 11 of Securities Issuance
Resolution and clause 2.9 of the Prospectus of Securities.
Issuer shall inform the Exchange and NSD about
taken resolutions not later than 1 (One) day from the date
of taking by the Issuer’s sole executive body of the
resolution on the order of placement of the Commercial
Papers and no later than 1 (One) day before the date of
commencement of the Commercial Papers placement.
1) Placement of the Commercial Papers in the form
of the Tender for the definition of the coupon rate for the
first coupon period:
Completion of transactions related with placement
of the Commercial Papers begins on the date of placement
of the Commercial Papers after summing up the Tender
and ends on the date of completion of the Commercial
Papers placement.
Resolution on approval of the Commercial Papers
purchase transaction completed during placement of the
Commercial Papers, which is an interested party
transaction, must be taken before its conclusion in the
manner prescribed by the federal laws.
Coupon interest rate for the first coupon period of
the Commercial Papers is determined following the
results of holding the Tender at the Exchange among
potential buyers of the Commercial Papers on the date of
commencement of the Commercial Papers placement.
If a potential buyer is not Participant in a Bidding
Process of the Exchange (hereinafter - the "Participant in
a Bidding Process"), it must enter into a respective
agreement with any Participant in a Bidding Process and
instruct it to purchase the Commercial Papers. A potential
buyer of the Commercial Papers which is the Participant
in a Bidding Process acts independently.
Potential buyer is obliged to open a custodial
account with the appropriate NSD or Depositary.
Procedure and terms for opening custodial accounts are
determined by the provisions envisaged by the regulations
of the respective depositaries.
On the day of holding the Tender, Participants in a
Bidding Process submit targeted applications for the
purchase of the Commercial Papers for the Tender using
the Exchange Bidding System both at their own expense
and at clients’ expense. Time and procedure for
submitting applications to the Tender are set by the
In this case, placement of the Commercial Papers can
be carried out in the form of the tender for the definition of
the coupon rate for the first coupon period (hereinafter - the
"Tender") or by way of collecting direct applications from
purchasers for the purchase of the Commercial Papers at a
fixed price and coupon rate for the first coupon period,
determined beforehand by the Issuer in the manner and on the
terms specified in the Securities Issuance Resolution and
Prospectus of Securities. The resolution on the procedure for
placement of the Commercial Papers is taken by the sole
executive body of the Issuer before the date of commencement
of the Commercial Papers placement and is disclosed in
accordance with clause 11 of Securities Issuance Resolution
and clause 2.9 of the Prospectus of Securities.
Issuer shall inform the Exchange and NSD about taken
resolutions not later than 1 (One) day from the date of taking
by the Issuer’s sole executive body of the resolution on the
order of placement of the Commercial Papers and no later
than 1 (One) day before the date of commencement of the
Commercial Papers placement.
1) Placement of the Commercial Papers in the form of
the Tender for the definition of the coupon rate for the first
coupon period:
Completion of transactions related with placement of
the Commercial Papers begins on the date of placement of the
Commercial Papers after summing up the Tender and ends on
the date of completion of the Commercial Papers placement.
Coupon interest rate for the first coupon period of the
Commercial Papers is determined following the results of
holding the Tender at the Exchange among potential buyers
of the Commercial Papers on the date of commencement of
the Commercial Papers placement.
If a potential buyer is not Participant in a Bidding
Process of the Exchange (hereinafter - the "Participant in a
Bidding Process"), it must enter into a respective agreement
with any Participant in a Bidding Process and instruct it to
purchase the Commercial Papers. A potential buyer of the
Commercial Papers which is the Participant in a Bidding
Process acts independently.
Potential buyer is obliged to open a custodial account
with the appropriate NSD or Depositary. Procedure and
terms for opening custodial accounts are determined by the
provisions envisaged by the regulations of the respective
depositaries.
On the day of holding the Tender, Participants in a
Bidding Process submit targeted applications for the
purchase of the Commercial Papers for the Tender using the
Exchange Bidding System both at their own expense and at
clients’ expense. Time and procedure for submitting
applications to the Tender are set by the Exchange, as agreed
by the Issuer and/or Underwriter.
Applications for the purchase of the Commercial
Papers are submitted by Participants in a Bidding Process to
the Underwriter.
Application for the purchase must contain the
following material terms:
- purchase price (100% of the nominal value);
- number of Commercial Papers;
- coupon interest rate of the first coupon period;
- code of calculations used when entering into the
transaction related with securities to be included in the
clearing pool of the clearing organization under the
conditions of multilateral or simple clearing, and determining
Exchange, as agreed by the Issuer and/or Underwriter.
Applications for the purchase of the Commercial
Papers are submitted by Participants in a Bidding Process
to the Underwriter.
Application for the purchase must contain the
following material terms:
- purchase price (100% of the nominal value);
- number of Commercial Papers;
- coupon interest rate of the first coupon period;
- code of calculations used when entering into the
transaction related with securities to be included in the
clearing pool of the clearing organization under the
conditions of multilateral or simple clearing, and
determining that the collateral control procedure is
carried out during entering into the transaction, and the
date of entering into the transaction is the due date of the
transaction execution with securities;
- other parameters in accordance with the
Exchange Rules.
Price of Commercial Papers Placement, which is
established by the Securities Issuance Resolution and
Prospectus of Securities shall be specified as the purchase
price.
Number of the Commercial Papers, which a
potential buyer would like to purchase, if the issuer's
authorized body sets a coupon interest rate of the first
coupon period equal to or greater to the amount of the
coupon interest rate for the first coupon period specified
in the application shall be specified as the number of the
Commercial Papers.
Amount (in numerical expression within the
accuracy of two figures following a point) of the coupon
interest rate for the first coupon period, the announcement
of which by the Issuer enables the potential buyer to be
ready to buy the number of the Commercial Papers
specified in the application at the price of 100% of the
nominal value is specified as the amount of coupon
interest rate for the first coupon period.
Amount of the interest rate shall be expressed in
per cent per annum with the accuracy of basis point.
For this purpose, money shall be reserved in
bidding accounts of the Participants in a Bidding Process
in the Nonbank Credit Organization Closed Joint Stock
Company “National Settlement Depositary” in the
amount, which is sufficient for full payment of the
Commercial Papers specified in the applications for
acquisition of the Commercial Papers, subject to all
necessary commission fees.
that the collateral control procedure is carried out during
entering into the transaction, and the date of entering into the
transaction is the due date of the transaction execution with
securities;
- other parameters in accordance with the Exchange
Rules.
Price of Commercial Papers Placement, which is
established by the Securities Issuance Resolution and
Prospectus of Securities shall be specified as the purchase
price.
Number of the Commercial Papers, which a potential
buyer would like to purchase, if the issuer's authorized body
sets a coupon interest rate of the first coupon period equal to
or greater to the amount of the coupon interest rate for the
first coupon period specified in the application shall be
specified as the number of the Commercial Papers.
Amount (in numerical expression within the accuracy
of two figures following a point) of the coupon interest rate
for the first coupon period, the announcement of which by the
Issuer enables the potential buyer to be ready to buy the
number of the Commercial Papers specified in the application
at the price of 100% of the nominal value is specified as the
amount of coupon interest rate for the first coupon period.
Amount of the interest rate shall be expressed in per
cent per annum with the accuracy of basis point.
For this purpose, money shall be reserved in bidding
accounts of the Participants in a Bidding Process in the
Nonbank Credit Organization Closed Joint Stock Company
“National Settlement Depositary” in the amount, which is
sufficient for full payment of the Commercial Papers specified
in the applications for acquisition of the Commercial Papers,
subject to all necessary commission fees.
Full name: Non-Banking Credit Organization
Closed Joint Stock Company "National Settlement
Depositary"
Abbreviation: NCO CJSC NSD
Location: 125009, Moscow, Kislovsky side-street,
1/13, bldg. 8
Postal address: 105066, Moscow, Spartakovskaya
Street, 12
Number of license for banking operations: #3294
Validity: no expiration date
Date of issue: 26.07.2012
Issuing authority: CB RF
RCBIC: 044583505
Corr. account: 30105810100000000505
Applications which do not meet the requirements stated
above are not admitted for participation in the Tender.
Upon termination of the period of submitting
applications for the Tender, the Exchange makes a summary
register of applications for acquisition of securities
(hereinafter referred to as the “Summary Register of
Applications”) and transfers it to the Underwriter.
Summary Register of Applications contains all
significant conditions of each application - the purchase
price, number of securities, date and time of receipt of the
application, application number, amount of the appropriate
coupon interest rate for the first coupon period, and other
details according to the Exchange Rules.
On the basis of the analysis of the applications
Full name: Non-Banking Credit Organization Closed
Joint Stock Company "National Settlement Depositary"
Abbreviation: NCO CJSC NSD
Location: Moscow, Spartakovskaya Street, 12
Postal address: 105066, Moscow, Spartakovskaya
Street, 12
Number of license for banking operations: #3294
Validity: no expiration date
Date of issue: 26.07.2012
Issuing authority: Central Bank of the Russian
Federation
RCBIC: 044583505
Corr. account: 30105810100000000505 in Division #1
of the Main Administration of the Central Bank of the for the
Central Federal District of the city of Moscow
Applications which do not meet the requirements
stated above are not admitted for participation in the
Tender.
Upon termination of the period of submitting
applications for the Tender, the Exchange makes a
summary register of applications for acquisition of
securities (hereinafter referred to as the “Summary
Register of Applications”) and transfers it to the
Underwriter.
Summary Register of Applications contains all
significant conditions of each application - the purchase
price, number of securities, date and time of receipt of the
application, application number, amount of the
appropriate coupon interest rate for the first coupon
period, and other details according to the Exchange
Rules.
On the basis of the analysis of the applications
submitted to the Tender, the Issuer’s authorized
management body takes the decision on the coupon
interest rate amount for the first coupon period and
reports the decision taken to the Exchange in writing not
later than 30 minutes prior to its sending to the news
agency for publication in the Newswire. The information
on the coupon interest rate amount for the first coupon
period is disclosed by the Issuer in the order described in
clause 11 of the Securities Issuance Resolution and clause
2.9 of the Prospectus of Securities. After publication in the
Newswire of the notice on the coupon interest rate amount
for the first coupon period (according to the order
provided by clause 11 of the Securities Issuance
Resolution and clause 2.9 of the Prospectus of Securities),
the Issuer reports the coupon interest rate amount for the
first coupon period to the Underwriter.
After obtaining the information on the interest rate
amount on the first coupon from the Issuer, the
Underwriter concludes transactions by way of satisfying
the applications, according to the order established by the
Securities Issuance Resolution, Prospectus of Securities
and the Exchange Rules, and only those applications are
satisfied, the amount of the coupon interest rate for the
first coupon period of which is less than or equal to the
amount of the established coupon interest rate for the first
coupon period.
When satisfying applications for acquisition of the
Commercial Papers submitted during the Tender held,
applications with the minimum amount of the coupon
interest rate for the first coupon period have a priority.
In the event of presence of applications with the
identical coupon interest rate for the first coupon period,
those applications have the priority in being satisfied,
which were submitted earlier as to time. Unsatisfied
applications of the Participants in a Bidding Process are
rejected by the Underwriter.
After definition of the coupon rate for the first
coupon period and satisfaction of the applications
submitted during the Tender, the Participants in a Bidding
Process acting both at their own expense, and at the
expense and on the instructions of potential buyers can
submit targeted applications during the placement period
for acquisition of the Commercial Papers at the price of
placement, to the address of the Underwriter in case of
incomplete placement of the issue of the Commercial
submitted to the Tender, the Issuer’s authorized management
body takes the decision on the coupon interest rate amount
for the first coupon period and reports the decision taken to
the Exchange in writing simultaneously with publication of
such information in the Newswire. The information on the
coupon interest rate amount for the first coupon period is
disclosed by the Issuer in the order described in clause 11 of
the Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities. After publication in the Newswire of
the notice on the coupon interest rate amount for the first
coupon period (according to the order provided by clause 11
of the Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities), the Issuer reports the coupon
interest rate amount for the first coupon period to the
Underwriter.
After obtaining the information on the interest rate
amount on the first coupon from the Issuer, the Underwriter
concludes transactions by way of satisfying the applications,
according to the order established by the Securities Issuance
Resolution, Prospectus of Securities and the Exchange Rules,
and only those applications are satisfied, the amount of the
coupon interest rate for the first coupon period of which is
less than or equal to the amount of the established coupon
interest rate for the first coupon period.
When satisfying applications for acquisition of the
Commercial Papers submitted during the Tender held,
applications with the minimum amount of the coupon interest
rate for the first coupon period have a priority.
In the event of presence of applications with the
identical coupon interest rate for the first coupon period,
those applications have the priority in being satisfied, which
were submitted earlier as to time. Unsatisfied applications of
the Participants in a Bidding Process are rejected by the
Underwriter.
After definition of the coupon rate for the first coupon
period and satisfaction of the applications submitted during
the Tender, the Participants in a Bidding Process acting both
at their own expense, and at the expense and on the
instructions of potential buyers can submit targeted
applications during the placement period for acquisition of
the Commercial Papers at the price of placement, to the
address of the Underwriter in case of incomplete placement
of the issue of the Commercial Papers during the Tender.
Starting from the second day of placement of the Commercial
Papers, the purchaser, when entering into the Commercial
Papers sale and purchase transaction, pays additionally the
accumulated coupon yield (ACY) on the Commercial Papers.
Submitted applications for acquisition of the
Commercial Papers are satisfied by the Underwriter in full if
the number of the Commercial Papers in the application for
acquisition of the Commercial Papers does not exceed the
number of incompletely placed Commercial Papers (within
the limits of the total number of the Commercial Papers
offered for placement). If the volume of the application for
acquisition of the Commercial Papers exceeds the number of
the Commercial Papers which have remained unplaced, such
an application for acquisition of the Commercial Papers is
satisfied in the amount of the unplaced rest. In the event of
placement of the whole volume of the Commercial Papers
assumed for placement, satisfaction of the subsequent
applications for acquisition of the Commercial Papers is not
performed.
Acquisition of the Issuer’s Commercial Papers during
Papers during the Tender. Starting from the second day of
placement of the Commercial Papers, the purchaser, when
entering into the Commercial Papers sale and purchase
transaction, pays additionally the accumulated coupon
yield (ACY) on the Commercial Papers.
Submitted applications for acquisition of the
Commercial Papers are satisfied by the Underwriter in
full if the number of the Commercial Papers in the
application for acquisition of the Commercial Papers does
not exceed the number of incompletely placed Commercial
Papers (within the limits of the total number of the
Commercial Papers offered for placement). If the volume
of the application for acquisition of the Commercial
Papers exceeds the number of the Commercial Papers
which have remained unplaced, such an application for
acquisition of the Commercial Papers is satisfied in the
amount of the unplaced rest. In the event of placement of
the whole volume of the Commercial Papers assumed for
placement, satisfaction of the subsequent applications for
acquisition of the Commercial Papers is not performed.
Acquisition of the Issuer’s Commercial Papers
during their placement cannot be carried out at the
Issuer’s expense.
2) Placement of the Commercial Papers by way of
gathering targeted applications from purchasers for
acquisition of the Commercial Papers at the fixed price
and the coupon rate for the first coupon period:
In case of placement of the Commercial Papers by
way of gathering targeted applications from purchasers
for acquisition of the Commercial Papers at the fixed
price and the coupon rate for the first coupon period, the
Issuer’s sole executive body makes the decision on the
coupon interest rate amount for the first coupon period
before the date of the Commercial Papers placement, not
later than 1 (One) day before the date of beginning of the
Commercial Papers placement. The information on the
coupon interest rate amount for the first coupon period is
disclosed by the Issuer according to clause 11 of the
Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities. The Issuer notifies the Exchange
and NSD of the established rate not later than 1 (One) day
prior to beginning of the placement date.
Placement of the Commercial Papers by way of
gathering targeted applications from purchasers for
acquisition of the Commercial Papers at the fixed price
and the coupon rate for the first coupon period stipulates
an invitation addressed to public at large to make a bid
(offer) on acquisition of placed securities. Targeted
applications from purchasers are offers of the participants
in a bidding process for acquisition of the placed
Commercial Papers.
Answer about acceptance of bids (offers) about
acquisition of the placed Commercial Papers is sent to the
participants in a bidding process defined at the Issuer’s
discretion from among the participants in a bidding
process, which made such bids (offers) by way of putting
counter targeted applications. For this purpose, the
Participant in a Bidding Process agrees that its
application can be rejected, accepted completely or
partially.
On the date of the placement beginning,
Participants in a Bidding Process, during the period of
submitting applications for acquisition of the Commercial
their placement cannot be carried out at the Issuer’s expense.
2) Placement of the Commercial Papers by way of
gathering targeted applications from purchasers for
acquisition of the Commercial Papers at the fixed price and
the coupon rate for the first coupon period:
In case of placement of the Commercial Papers by way
of gathering targeted applications from purchasers for
acquisition of the Commercial Papers at the fixed price and
the coupon rate for the first coupon period, the Issuer’s sole
executive body makes the decision on the coupon interest rate
amount for the first coupon period before the date of the
Commercial Papers placement, not later than 1 (One) day
before the date of beginning of the Commercial Papers
placement. The information on the coupon interest rate
amount for the first coupon period is disclosed by the Issuer
according to clause 11 of the Securities Issuance Resolution
and clause 2.9 of the Prospectus of Securities. The Issuer
notifies the Exchange and NSD of the established rate not
later than 1 (One) day prior to beginning of the placement
date.
Placement of the Commercial Papers by way of
gathering targeted applications from purchasers for
acquisition of the Commercial Papers at the fixed price and
the coupon rate for the first coupon period stipulates an
invitation addressed to public at large to make a bid (offer)
on acquisition of placed securities. Targeted applications
from purchasers are offers of the participants in a bidding
process for acquisition of the placed Commercial Papers.
Answer about acceptance of bids (offers) about
acquisition of the placed Commercial Papers is sent to the
participants in a bidding process defined at the Issuer’s
discretion from among the participants in a bidding process,
which made such bids (offers) by way of putting counter
targeted applications. For this purpose, the Participant in a
Bidding Process agrees that its application can be rejected,
accepted completely or partially.
On the date of the placement beginning, Participants in
a Bidding Process, during the period of submitting
applications for acquisition of the Commercial Papers at the
fixed price and the coupon rate for the first coupon period,
submit targeted applications for acquisition of the
Commercial Papers, using the Exchange Bidding System both
at their own expense, and at clients’ expense.
Time and order of submitting targeted applications
during the period of submitting applications at the fixed price
and the coupon rate for the first coupon period is established
by the Exchange, as agreed by the Issuer and/or Underwriter.
Upon termination of the period of submitting
applications for acquisition of the Commercial Papers at the
fixed price and the coupon rate for the first coupon period,
the Exchange makes the summary register of applications for
acquisition of the securities (hereinafter referred to as the
“Summary Register of Applications”) and transfers it to the
Underwriter.
Summary Register of Applications contains all
significant conditions of each application - the purchase
price, number of securities, date and time of receipt of the
application, application number, and other details according
to the Exchange Rules.
On the basis of the analysis of the Summary Register of
Applications, the Issuer defines purchasers, to which it
intends to sell the Commercial Papers, and the number of the
Commercial Papers it intends to sell to these purchasers, and
Papers at the fixed price and the coupon rate for the first
coupon period, submit targeted applications for
acquisition of the Commercial Papers, using the Exchange
Bidding System both at their own expense, and at clients’
expense.
Time and order of submitting targeted applications
during the period of submitting applications at the fixed
price and the coupon rate for the first coupon period is
established by the Exchange, as agreed by the Issuer
and/or Underwriter.
Upon termination of the period of submitting
applications for acquisition of the Commercial Papers at
the fixed price and the coupon rate for the first coupon
period, the Exchange makes the summary register of
applications for acquisition of the securities (hereinafter
referred to as the “Summary Register of Applications”)
and transfers it to the Underwriter.
Summary Register of Applications contains all
significant conditions of each application - the purchase
price, number of securities, date and time of receipt of the
application, application number, and other details
according to the Exchange Rules.
On the basis of the analysis of the Summary
Register of Applications, the Issuer defines purchasers, to
which it intends to sell the Commercial Papers, and the
number of the Commercial Papers it intends to sell to
these purchasers, and provides this information to the
Underwriter.
Upon obtaining from the Issuer of the information
on purchasers, to which the Issuer intends to sell the
Commercial Papers, and the number of the Commercial
Papers it intends to sell to these purchasers, the
Underwriter concludes transactions with the purchasers
the Issuer intends to sell the Commercial Papers to, by
way of putting counter targeted applications according to
the Exchange Rules, specifying number of the securities
the Issuer intends to sell to this purchaser, according to
the order established by the Securities Issuance
Resolution and Prospectus of Securities.
Upon satisfaction of the applications submitted
during the period of submitting applications, in case of
incomplete placement of the issue of the Commercial
Papers based on its results, the Participants in a Bidding
Process acting both at their own expense, and at the
expense and on the instructions of potential buyers, can
submit targeted applications for acquisition of the
Commercial Papers during the placement period at the
price of placement, to the Underwriter. The Issuer
considers such applications and defines purchasers it
intends to sell the Commercial Papers to, as well as the
number of the Commercial Papers it intends to sell to
these purchasers, and provides this information to the
Underwriter.
If the potential buyer is not Participant in a Bidding
Process, it must conclude a respective agreement with any
Participant in a Bidding Process, and charge it with
acquisition of the Commercial Papers. The potential buyer
of the Commercial Papers representing the Participant in
a Bidding Process acts independently.
Potential buyer is obliged to open a respective
custodial account with NSD or Depositary. The order and
terms of opening custodial accounts are defined by the
provisions of respective depositaries.
provides this information to the Underwriter.
Upon obtaining from the Issuer of the information on
purchasers, to which the Issuer intends to sell the
Commercial Papers, and the number of the Commercial
Papers it intends to sell to these purchasers, the Underwriter
concludes transactions with the purchasers the Issuer intends
to sell the Commercial Papers to, by way of putting counter
targeted applications according to the Exchange Rules,
specifying number of the securities the Issuer intends to sell to
this purchaser, according to the order established by the
Securities Issuance Resolution and Prospectus of Securities.
Upon satisfaction of the applications submitted during
the period of submitting applications, in case of incomplete
placement of the issue of the Commercial Papers based on its
results, the Participants in a Bidding Process acting both at
their own expense, and at the expense and on the instructions
of potential buyers, can submit targeted applications for
acquisition of the Commercial Papers during the placement
period at the price of placement, to the Underwriter. The
Issuer considers such applications and defines purchasers it
intends to sell the Commercial Papers to, as well as the
number of the Commercial Papers it intends to sell to these
purchasers, and provides this information to the Underwriter.
If the potential buyer is not Participant in a Bidding
Process, it must conclude a respective agreement with any
Participant in a Bidding Process, and charge it with
acquisition of the Commercial Papers. The potential buyer of
the Commercial Papers representing the Participant in a
Bidding Process acts independently.
Potential buyer is obliged to open a respective
custodial account with NSD or Depositary. The order and
terms of opening custodial accounts are defined by the
provisions of respective depositaries.
Applications for acquisition of the Commercial Papers
are sent by the Participants in a Bidding Process to the
Underwriter.
Application for the purchase must contain the
following material terms:
- purchase price (100% of the nominal value);
- number of Commercial Papers;
- code of calculations used when entering into the
transaction related with securities to be included in the
clearing pool of the clearing organization under the
conditions of multilateral or simple clearing, and determining
that the collateral control procedure is carried out during
entering into the transaction, and the date of entering into the
transaction is the due date of the transaction execution with
securities;
- other parameters in accordance with the Exchange
Rules.
Price of the Commercial Papers Placement, which is
established by the Securities Issuance Resolution and
Prospectus of Securities shall be specified as the purchase
price.
Number of the Commercial Papers, which a potential
buyer would like to purchase at the coupon rate for the first
coupon period, which was defined before the date of
placement beginning shall be specified as the number of the
Commercial Papers.
For this purpose, money shall be reserved in bidding
accounts of the Participants in a Bidding Process in the
Nonbank Credit Organization Closed Joint Stock Company
“National Settlement Depositary” in the amount, which is
Applications for acquisition of the Commercial
Papers are sent by the Participants in a Bidding Process
to the Underwriter.
Application for the purchase must contain the
following material terms:
- purchase price (100% of the nominal value);
- number of Commercial Papers;
- code of calculations used when entering into the
transaction related with securities to be included in the
clearing pool of the clearing organization under the
conditions of multilateral or simple clearing, and
determining that the collateral control procedure is
carried out during entering into the transaction, and the
date of entering into the transaction is the due date of the
transaction execution with securities;
- other parameters in accordance with the
Exchange Rules.
Price of the Commercial Papers Placement, which
is established by the Securities Issuance Resolution and
Prospectus of Securities shall be specified as the purchase
price.
Number of the Commercial Papers, which a
potential buyer would like to purchase at the coupon rate
for the first coupon period, which was defined before the
date of placement beginning shall be specified as the
number of the Commercial Papers.
For this purpose, money shall be reserved in
bidding accounts of the Participants in a Bidding Process
in the Nonbank Credit Organization Closed Joint Stock
Company “National Settlement Depositary” in the
amount, which is sufficient for full payment of the
Commercial Papers specified in the applications for
acquisition of the Commercial Papers, subject to all
necessary commission fees.
Full name: Non-Banking Credit Organization
Closed Joint Stock Company "National Settlement
Depositary"
Abbreviation: NCO CJSC NSD
Location: 125009, Moscow, Kislovsky side-street,
1/13, bldg. 8
Postal address: 105066, Moscow, Spartakovskaya
Street, 12
Number of license for banking operations: #3294
Validity: no expiration date
Date of issue: 26.07.2012
Issuing authority: CB RF
RCBIC: 044583505
Corr. account: 30105810100000000505
Applications, which do not meet the requirements
stated above, are not accepted.
Acquisition of the Issuer’s Commercial Papers
during their placement cannot be carried out at the
expense of the Issuer.
When placing the Commercial Papers by way of
gathering targeted applications from purchasers for
acquisition of the Commercial Papers at the fixed price
and the coupon rate for the first coupon period, the Issuer
and/or the Underwriter intend to conclude preliminary
agreements with potential buyers of the Commercial
Papers, containing the duty to conclude main agreements
in the future with them or with the Participant in a
sufficient for full payment of the Commercial Papers specified
in the applications for acquisition of the Commercial Papers,
subject to all necessary commission fees.
Full name: Non-Banking Credit Organization Closed
Joint Stock Company "National Settlement Depositary"
Abbreviation: NCO CJSC NSD
Location: Moscow, Spartakovskaya Street, 12
Postal address: 105066, Moscow, Spartakovskaya
Street, 12
Number of license for banking operations: #3294
Validity: no expiration date
Date of issue: 26.07.2012
Issuing authority: Central Bank of the Russian
Federation
RCBIC: 044583505
Corr. account: 30105810100000000505 in Division #1
of the Main Administration of the Central Bank of the for the
Central Federal District of the city of Moscow
Applications, which do not meet the requirements
stated above, are not accepted.
Acquisition of the Issuer’s Commercial Papers during
their placement cannot be carried out at the expense of the
Issuer.
When placing the Commercial Papers by way of
gathering targeted applications from purchasers for
acquisition of the Commercial Papers at the fixed price and
the coupon rate for the first coupon period, the Issuer and/or
the Underwriter intend to conclude preliminary agreements
with potential buyers of the Commercial Papers, containing
the duty to conclude main agreements in the future with them
or with the Participant in a Bidding Process acting in their
interests, which are aimed to alienate placed securities.
Conclusion of such preliminary agreements is carried
out by way of acceptance by the Issuer and/or Underwriter of
offers from potential investors on conclusion of preliminary
agreements, according to which the purchaser and the Issuer
undertake to conclude main agreements for acquisition of the
Commercial Papers on the date of beginning of the
Commercial Papers placement (hereinafter referred to as the
“Preliminary Agreements”). For this purpose, any offer with
the proposal to conclude the Preliminary Agreement, at the
Issuer’s discretion, can be rejected, accepted completely or
partially.
Gathering of offers from potential purchases on
conclusion of the Preliminary Agreements starts not earlier
than on the date of admission by SEM MICEX of this issue of
the Commercial Papers for bidding in the course of their
placement and ends not later than on the date which is
directly followed by the date of the Commercial Papers
placement beginning.
Order of disclosure of the information on the period for
sending offers by potential buyers of the Commercial Papers
with the offer to conclude the Preliminary Agreements:
Issuer shall disclose information on the period for
submitting offers to enter into the Preliminary Agreement in
the form of a notice on essential fact in accordance with
paragraph 11 of the Securities Issuance Resolution and
clause 2.9 of the Prospectus of Securities.
The specified information shall contain the form of the
Bidding Process acting in their interests, which are aimed
to alienate placed securities.
Conclusion of such preliminary agreements is
carried out by way of acceptance by the Issuer and/or
Underwriter of offers from potential investors on
conclusion of preliminary agreements, according to which
the purchaser and the Issuer undertake to conclude main
agreements for acquisition of the Commercial Papers on
the date of beginning of the Commercial Papers
placement (hereinafter referred to as the “Preliminary
Agreements”). For this purpose, any offer with the
proposal to conclude the Preliminary Agreement, at the
Issuer’s discretion, can be rejected, accepted completely
or partially.
Gathering of offers from potential purchases on
conclusion of the Preliminary Agreements starts not
earlier than on the date of admission by SEM MICEX of
this issue of the Commercial Papers for bidding in the
course of their placement and ends not later than on the
date which is directly followed by the date of the
Commercial Papers placement beginning.
Order of disclosure of the information on the period
for sending offers by potential buyers of the Commercial
Papers with the offer to conclude the Preliminary
Agreements:
Issuer shall disclose information on the period for
submitting offers to enter into the Preliminary Agreement
in the form of a notice on essential fact in accordance with
paragraph 11 of the Securities Issuance Resolution and
clause 2.9 of the Prospectus of Securities.
The specified information shall contain the form of
the offers from the potential buyer with the proposal to
conclude the Preliminary Agreement, and the order and
period of sending these offers.
In the offers sent with the proposal to conclude the
Preliminary Agreement, the potential buyer specifies the
maximum amount, for which it is ready to buy the
Commercial Papers, and the minimum coupon rate for the
first coupon period on the Commercial Papers (interval of
values of the coupon rate for the first coupon period), at
which it is ready to purchase the Commercial Papers for
the specified maximum amount. Sending the offer with the
proposal to conclude the Preliminary Agreement, the
potential buyer agrees that it can be rejected, accepted
completely or partially.
Receipt of offers from potential buyers with the
proposal to conclude the Preliminary Agreement is
allowed as from the date of disclosure of the information
about sending offers from potential buyers with the
proposal to conclude Preliminary Agreements in the
Newswire only.
Date of completion of the period for sending offers
from potential buyers for conclusion of the Preliminary
Agreements, which was originally established by the
resolution of the Issuer, can be changed by the resolution
of the Issuer. This information is disclosed in the form of a
notice on essential fact in accordance with paragraph 11
of the Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities.
Order of disclosure of the information on expiration
offers from the potential buyer with the proposal to conclude
the Preliminary Agreement, and the order and period of
sending these offers.
In the offers sent with the proposal to conclude the
Preliminary Agreement, the potential buyer specifies the
maximum amount, for which it is ready to buy the
Commercial Papers, and the minimum coupon rate for the
first coupon period on the Commercial Papers (interval of
values of the coupon rate for the first coupon period), at
which it is ready to purchase the Commercial Papers for the
specified maximum amount. Sending the offer with the
proposal to conclude the Preliminary Agreement, the
potential buyer agrees that it can be rejected, accepted
completely or partially.
Receipt of offers from potential buyers with the
proposal to conclude the Preliminary Agreement is allowed
as from the date of disclosure of the information about
sending offers from potential buyers with the proposal to
conclude Preliminary Agreements in the Newswire only.
Date of completion of the period for sending offers
from potential buyers for conclusion of the Preliminary
Agreements, which was originally established by the
resolution of the Issuer, can be changed by the resolution of
the Issuer. This information is disclosed in the form of a
notice on essential fact in accordance with paragraph 11 of
the Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities.
Order of disclosure of the information on expiration of
the period for sending offers by potential buyers of the
Commercial Papers with the proposal to conclude the
Preliminary Agreement:
Information on expiration of the period for sending
offers by potential buyers of the Commercial Papers with the
proposal to conclude the Preliminary Agreement is disclosed
by the Issuer in the form of a notice on essential fact in
accordance with clause 11 of Securities Issuance Resolution
and clause 2.9 of the Prospectus of Securities.
Main agreements for acquisition of the Commercial
Papers are concluded at the Price of Placement of the
Commercial Papers, specified in clause 8.4 of the Securities
Issuance Resolution and clause 2.4 of the Prospectus of
Securities by way of putting targeted applications into the
Bidding System of SEM MICEX in the order established by
this subparagraph.
If placement of securities is supposed to be carried out
outside the Russian Federation, including by means of
placement of respective foreign securities, specification of
this circumstance:
Placement of securities is not supposed to be carried
out outside the Russian Federation.
Organizations involved in the securities placement:
Information on the trade in the securities market:
Full corporate name: Closed Joint Stock Company "
Stock Exchange Market MICEX "
Abbreviated name: CJSC “SEM “MICEX”
Location: 125009, Moscow, Bolshoi Kislovskiy sidestreet, 13
Postal address: 125009, Moscow, Bolshoi Kislovskiy
side-street, 13
of the period for sending offers by potential buyers of the
Commercial Papers with the proposal to conclude the
Preliminary Agreement:
Information on expiration of the period for sending
offers by potential buyers of the Commercial Papers with
the proposal to conclude the Preliminary Agreement is
disclosed by the Issuer in the form of a notice on essential
fact in accordance with clause 11 of Securities Issuance
Resolution and clause 2.9 of the Prospectus of Securities.
Main agreements for acquisition of the Commercial
Papers are concluded at the Price of Placement of the
Commercial Papers, specified in clause 8.4 of the
Securities Issuance Resolution and clause 2.4 of the
Prospectus of Securities by way of putting targeted
applications into the Bidding System of SEM MICEX in
the order established by this subparagraph.
State registration date: 02.12.2003
Registration number: 1037789012414
Name of the authority performing the state registration:
Interdistrict Inspectorate #46 of the Taxation Ministry of
Russia for Moscow
License number: 077-10489-000001
License number: 077-007
Date of issuance: 20.12.2013
Period of validity: unlimited
Licensing authority: Central Bank of the Russian
Federation
If placement of securities is supposed to be carried
out outside the Russian Federation, including by means of
placement of respective foreign securities, specification of
this circumstance:
Placement of securities is not supposed to be
carried out outside the Russian Federation.
Organizations involved in the securities placement:
Information on the trade in the securities market:
Full corporate name: Closed Joint Stock Company "
Stock Exchange Market MICEX "
Abbreviated name: CJSC “SEM “MICEX”
Location: 125009, Moscow, Bolshoi Kislovskiy
side-street, 13
Postal address: 125009, Moscow, Bolshoi
Kislovskiy side-street, 13
State registration date: 02.12.2003
Registration number: 1037789012414
Name of the authority performing the state
registration: Interdistrict Inspectorate #46 of the Taxation
Ministry of Russia for Moscow
License number: 077-10489-000001
Date of issuance: 23.08.2007
Period of validity: unlimited
Licensing authority: FFMS of Russia
To supply paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series BО-05”, “C:
Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial Papers of series
BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause 9.1.
“Information on placed securities”, subclause 9.1.2. “Additional information on placed bonds” in respect of the
preamble with the text of the following content:
If at the moment of performance of certain actions related with the fulfillment of obligations by the issuer on
repayment and (or) early repayment, and (or) payment of yields, including the definition of the coupon interest rate, and
(or) default, and (or) technical default on the Commercial Papers, the laws of the Russian Federation and (or) normative
acts in the financial markets sector establish the conditions and (or) order, and (or) rules (requirements), and (or)
timeframes which are different from those contained in the Securities Issuance Resolution and Prospectus of Securities, but
simultaneously extending to this issue of the Commercial Papers based on the date of assigning the identification number
to it, the fulfillment of obligations by the issuer on repayment and (or) early repayment, and (or) payment of yields,
including the definition of the interest rate on the Commercial Papers coupons, legal relations in connection with the
default and (or) technical default on the Commercial Papers will be carried out taking into account the requirements of the
Russian Federation laws (or) regulations in the financial markets sector, applicable at the time relevant actions.
To change paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series BО-05”, “C:
Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial Papers of series
BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause 9.1.
“Information on placed securities”, subclause 9.1.2. “Additional information on placed bonds” sub-subclause а)
regarding procedure of definition of the coupon interest rate for the first coupon period based on the results of
holding the Tender at the Exchange among potential purchasers of the Commercial Papers:
Text of the version to be changed:
Text of the new version, including changes:
On the basis of the analysis of the applications
On the basis of the analysis of the applications
submitted to the Tender, the Issuer’s authorized submitted to the Tender, the Issuer’s authorized management
management body takes the decision on the coupon body takes the decision on the coupon interest rate amount
interest rate amount for the first coupon period and for the first coupon period and reports the decision taken to
reports the decision taken to the Exchange in writing not the Exchange in writing simultaneously with publication of
later than 30 minutes prior to its sending to the news such information in the Newswire. After publication by the
agency. After publication by the news agency of the notice news agency of the notice on the coupon interest rate amount
on the coupon interest rate amount for the first coupon for the first coupon period, the Issuer reports the coupon
period, the Issuer reports the coupon interest rate amount interest rate amount for the first coupon period to the
for the first coupon period to the Underwriter.
Underwriter.
To change paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series BО-05”, “C:
Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial Papers of series
BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause 9.1.
“Information on placed securities”, subclause 9.1.2. “Additional information on placed bonds” sub-subclause а)
regarding procedure of definition of the coupon interest rate, starting with the second one:
Text of the version to be changed:
Text of the new version, including changes:
a) Before the date of beginning of the Commercial
a) Before the date of beginning of the Commercial
Papers placement, the Issuer’s sole executive body can Papers placement, the Issuer’s sole executive body can make
make the decision on rates or order of definition of the the decision on rates or order of definition of the amount of
amount of coupon rates on the coupon periods, beginning coupon rates on the coupon periods, beginning with the
with the second through the n-th coupon period (n=2,3 … second through the n-th coupon period (n=2,3 … 20).
20).
If no such a decision is made by the Issuer concerning
If no such a decision is made by the Issuer any coupon period (the i-th coupon period), the Issuer will be
concerning any coupon period (the i-th coupon period), obliged to acquire the Commercial Papers on the request of
the Issuer will be obliged to acquire the Commercial their owners, which was declared during the last 5 (Five)
Papers on the request of their owners, which was declared business days of the coupon period, which is directly followed
during the last 5 (Five) calendar days of the coupon by the i-th coupon period, on which the amount of the coupon
period, which is directly followed by the i-th coupon or order of its definition is defined by the Issuer of the
period, on which the amount of the coupon or order of its Commercial Papers after full payment of the Commercial
definition is defined by the Issuer of the Commercial Papers.
Papers after full payment of the Commercial Papers.
The specified information, including ordinal numbers
The specified information, including ordinal of coupons, the rate or order of definition of rate on which is
numbers of coupons, the rate or order of definition of rate established by the Issuer before the date of beginning of the
on which is established by the Issuer before the date of Commercial Papers placement, and ordinal number of the
beginning of the Commercial Papers placement, and coupon period (n), in which the owners of the Commercial
ordinal number of the coupon period (n), in which the Papers can demand acquisition of the Commercial Papers by
owners of the Commercial Papers can demand acquisition the Issuer, is disclosed by the Issuer in the form of the notice
of the Commercial Papers by the Issuer, is disclosed by on essential fact “on accrued and (or) paid yields on equity
the Issuer in the form of the notice on essential fact “on securities of the Issuer” no later than 1 (One) day prior to the
accrued and (or) paid yields on equity securities of the date of beginning of the Commercial Papers placement and in
Issuer” no later than 1 (One) day prior to the date of the following periods as from the date of decision-making on
beginning of the Commercial Papers placement and in the the rate(s) or order of definition of the interest rate(s) on the
following periods as from the date of decision-making on coupon(s):
the rate(s) or order of definition of the interest rate(s) on
• in the Newswire - not later than 1 (One)
the coupon(s):
day;
• in the Newswire - not later than 1 (One)
• on the Issuer’s webpage on the network
day;
Internet - not later than 2 (Two) days.
• on the Issuer’s webpage on the network
For this purpose, publication on the network Internet is
Internet - not later than 2 (Two) days.
carried out after publication in the Newswire.
For this purpose, publication on the network
Issuer reports to the Exchange and NSD the decisions
Internet is carried out after publication in the Newswire.
made, including on defined rates, or order of definition of the
Issuer reports to the Exchange the decisions made, rates not later than 1 (One) day prior to the date of beginning
including on defined rates, or order of definition of the of the Commercial Papers placement.
rates not later than 1 (One) day prior to the date of
beginning of the Commercial Papers placement.
If before the date of beginning of the Commercial
Papers placement the Issuer does not make a decision on
the rate or order of definition of the amount of the rate of
the second coupon, the Issuer will be obliged to make a
decision on the rate of the second coupon not later than 5
(Five) calendar days prior to the date of completion of the
1st coupon.
In this case the Issuer is obliged to ensure the right
of owners of the Commercial Papers within the last 5
(Five) calendar days of the 1st coupon period to demand
from the Issuer acquisition of the Commercial Papers at
the price, equal to 100 (One hundred) percent of the
outstanding part of the nominal value without taking into
account the coupon yield, which was accumulated at the
date of acquisition, which is paid to the seller of the
Commercial Papers over the specified price of
acquisition.
Outstanding part of the nominal value of the
Commercial Paper is defined as a difference between the
nominal value of one Commercial Paper and its part,
which was repaid in partial early repayment of the
Commercial Papers (if the decision on partial early
repayment was taken by the Issuer in accordance with
clause 9.5 of the Securities Issuance re solution and
clause 9.1.2 of the Prospectus of Securities).
If the amount of the rates of coupons or order of
definition of rates of coupons is defined by the Issuer’s
authorized management body after full payment of the
Commercial Papers simultaneously on several coupon
periods, the Issuer is obliged to acquire the Commercial
Papers upon the demands of their owners, which were
declared within the last 5 (Five) calendar days of the
coupon period, which is followed by the coupon period, on
which the Issuer defines the specified rates of coupons or
order of definition of rates of coupons simultaneously with
other coupon periods, and which comes earlier. No
acquisition of the Commercial Papers before other
coupon periods, on which such amount or order of
definition of the amount of the coupon on the Commercial
Papers is defined, is required in this case.
b) Interest rate or order of definition of the interest
rate on the coupons, the amount (definition order) of
which has not been established by the Issuer before the
date of beginning of the Commercial Papers placement (i
= (n+1),…20), is defined by the Issuer’s sole executive
body after full payment of the Commercial Papers on the
Date of Establishment of the i-th Coupon which comes not
later than 5 (Five) calendar days prior to the date of
completion of the (i-1)th coupon. On the Date of
Establishment of the i-th Coupon, the Issuer has the right
to define the rate or order of definition of the rate of any
quantity of undefined coupons following the i-th coupon
(for this purpose, k – ordinal number of the last of the
defined coupons).
c) If after announcement of the rates or order of
definition of the rates of coupons (according to the
previous subparagraphs), the Commercial Paper still has
undefined rates or order of definition of rates of at least
one of the subsequent coupons, then simultaneously with
If before the date of beginning of the Commercial
Papers placement the Issuer does not make a decision on the
rate or order of definition of the amount of the rate of the
second coupon, the Issuer will be obliged to make a decision
on the rate of the second coupon not later than 5 (Five)
business days prior to the date of completion of the 1st
coupon.
In this case the Issuer is obliged to ensure the right of
owners of the Commercial Papers within the last 5 (Five)
business days of the 1st coupon period to demand from the
Issuer acquisition of the Commercial Papers at the price,
equal to 100 (One hundred) percent of the outstanding part of
the nominal value without taking into account the coupon
yield, which was accumulated at the date of acquisition,
which is paid to the seller of the Commercial Papers over the
specified price of acquisition.
Outstanding part of the nominal value of the
Commercial Paper is defined as a difference between the
nominal value of one Commercial Paper and its part, which
was repaid in partial early repayment of the Commercial
Papers (if the decision on partial early repayment was taken
by the Issuer in accordance with clause 9.5 of the Securities
Issuance re solution and clause 9.1.2 of the Prospectus of
Securities).
If the amount of the rates of coupons or order of
definition of rates of coupons is defined by the Issuer’s
authorized management body after full payment of the
Commercial Papers simultaneously on several coupon
periods, the Issuer is obliged to acquire the Commercial
Papers upon the demands of their owners, which were
declared within the last 5 (Five) business days of the coupon
period, which is followed by the coupon period, on which the
Issuer defines the specified rates of coupons or order of
definition of rates of coupons simultaneously with other
coupon periods, and which comes earlier. No acquisition of
the Commercial Papers before other coupon periods, on
which such amount or order of definition of the amount of the
coupon on the Commercial Papers is defined, is required in
this case.
b) Interest rate or order of definition of the interest
rate on the coupons, the amount (definition order) of which
has not been established by the Issuer before the date of
beginning of the Commercial Papers placement (i =
(n+1),…20), is defined by the Issuer’s sole executive body
after full payment of the Commercial Papers on the Date of
Establishment of the i-th Coupon which comes not later than
5 (Five) business days prior to the date of completion of the
(i-1)th coupon. On the Date of Establishment of the i-th
Coupon, the Issuer has the right to define the rate or order of
definition of the rate of any quantity of undefined coupons
following the i-th coupon (for this purpose, k – ordinal
number of the last of the defined coupons).
c) If after announcement of the rates or order of
definition of the rates of coupons (according to the previous
subparagraphs), the Commercial Paper still has undefined
rates or order of definition of rates of at least one of the
subsequent coupons, then simultaneously with the notice on
the rates or order of definition of the rates of the i-th and
other defined coupons on the Commercial Papers the Issuer
is obliged to ensure the right of owners of the Commercial
Papers within the last 5 (Five) business days of the k-th
the notice on the rates or order of definition of the rates of
the i-th and other defined coupons on the Commercial
Papers the Issuer is obliged to ensure the right of owners
of the Commercial Papers within the last 5 (Five)
calendar days of the k-th coupon period (if the Issuer
defines the rate on one i-th coupon only, i=k) to demand
from the Issuer acquisition of the Commercial Papers at
the price equal to 100 (One hundred) percent of the
outstanding part of the nominal value without taking into
account the coupon yield accumulated at the date of
acquisition, which is paid to the seller of the Commercial
Papers over the specified price of acquisition.
Outstanding part of the nominal value of the
Commercial Paper is defined as a difference between the
nominal value of one Commercial Paper and its part,
which was repaid in partial early repayment of the
Commercial Papers (if the decision on partial early
repayment was taken by the Issuer in accordance with
clause 9.5 of the Securities Issuance re solution and
clause 9.1.2 of the Prospectus of Securities).
d) Information on the rates defined by the Issuer
after full payment of the Commercial Papers, or order of
definition of the rates on the coupons of the Commercial
Papers, beginning with the second one, and ordinal
number of the coupon period (n), in which owners of the
Commercial Papers can demand acquisition of the
Commercial Papers by the Issuer, is made available for
potential purchasers by way of disclosure in the form of
the notice on essential fact “on accrued and (or) paid
yields on the equity securities of the issuer” not later than
5 (Five) calendar days prior to the date of beginning of
the i-th coupon period on the Commercial Papers and in
the following periods as from the Date of Establishment of
the i-th Coupon:
• in the Newswire - not later than 1 (One)
day;
• on the Issuer’s webpage on the network
Internet - not later than 2 (Two) days.
For this purpose, publication on the webpage on
the network Internet is carried out after publication in the
Newswire.
Text of the notice on essential fact shall be
available on the webpage on the network Internet within
at least 12 months as from the date of expiration,
established by the Regulation on Information Disclosure
by Issuers of equity Securities, which was approved by
order #11-46/pz-n (hereinafter – “Regulation on
Information Disclosure”) for its publication on the
network Internet, and if the notice is published on the
network Internet after expiration of such a period - as
from the date of its publication on the network Internet.
Issuer reports to the Exchange on the decisions
made, including on defined rates, or order of definition of
rates not later than 5 (Five) days prior to the date of
completion of the n-th coupon period (period, in which the
interest rate on the (n+1)th and subsequent coupons is
defined).
coupon period (if the Issuer defines the rate on one i-th
coupon only, i=k) to demand from the Issuer acquisition of
the Commercial Papers at the price equal to 100 (One
hundred) percent of the outstanding part of the nominal value
without taking into account the coupon yield accumulated at
the date of acquisition, which is paid to the seller of the
Commercial Papers over the specified price of acquisition.
Outstanding part of the nominal value of the
Commercial Paper is defined as a difference between the
nominal value of one Commercial Paper and its part, which
was repaid in partial early repayment of the Commercial
Papers (if the decision on partial early repayment was taken
by the Issuer in accordance with clause 9.5 of the Securities
Issuance re solution and clause 9.1.2 of the Prospectus of
Securities).
Not later than 7 (Seven) business days prior to the
commencement of the period, during which owners can
present demands for purchase by the Issuer of the
Commercial Papers belonging to them, the Issuer shall notify
the representative of the papers owners, as well as disclose
information on such acquisition in the manner and within the
terms established by the regulatory acts of the Russian
Federation, if the Securities Issuance Resolution gives
another manner and timing of such disclosure, or notify all
owners of the acquired Commercial Papers of such
acquisition.
Representative of the owners of the Commercial
Papers - person meeting the requirements of Federal Law
#39-FZ "On the Securities Market" dd. 22.04.1996, appointed
by the Issuer and / or elected by the general meeting of the
Commercial Papers owners, representing the interests of the
Commercial Papers owners towards the Issuer, other
persons, as well as in state authorities of the Russian
Federation (including in courts), state authorities of the
Russian Federation constituent entities, local authorities, in
the case of its appointment - earlier and hereinafter – the
“Representative”.
d) Information on the rates defined by the Issuer after
full payment of the Commercial Papers, or order of definition
of the rates on the coupons of the Commercial Papers,
beginning with the second one, and ordinal number of the
coupon period (n), in which owners of the Commercial
Papers can demand acquisition of the Commercial Papers by
the Issuer, is made available for potential purchasers by way
of disclosure in the form of the notice on essential fact “on
accrued and (or) paid yields on the equity securities of the
issuer” not later than 5 (Five) business days prior to the date
of beginning of the i-th coupon period on the Commercial
Papers and in the following periods as from the Date of
Establishment of the i-th Coupon:
• in the Newswire - not later than 1 (One)
day;
• on the Issuer’s webpage on the network
Internet - not later than 2 (Two) days.
For this purpose, publication on the webpage on the
network Internet is carried out after publication in the
Newswire.
Text of the notice on essential fact shall be available
on the webpage on the network Internet within at least 12
months as from the date of expiration, established by the
Regulation on Information Disclosure by Issuers of equity
Securities, which was approved by order #11-46/pz-n
(hereinafter – “Regulation on Information Disclosure”) for
its publication on the network Internet, and if the notice is
published on the network Internet after expiration of such a
period - as from the date of its publication on the network
Internet.
Issuer reports to the Exchange on the decisions made,
including on defined rates, or order of definition of rates not
later than 5 (Five) business days prior to the date of
completion of the n-th coupon period (period, in which the
interest rate on the (n+1)th and subsequent coupons is
defined).
To delete from paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series BО-05”, “C:
Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial Papers of series
BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause 9.1.
“Information on placed securities”, subclause 9.1.2. “Additional information on placed bonds”, sub-subclause b)
text of the following content:
Owners of the Commercial Papers and trustees obtain yield in the monetary form through the depositary
implementing registration of rights to securities, at which they are bailors. Custody agreement between the depositary
implementing registration of rights to securities and bailor shall contain the order of transfer of payments to the bailor on
the Commercial Papers.
To change paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series BО-05”, “C:
Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial Papers of series
BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause 9.1.
“Information on placed securities”, subclause 9.1.2. “Additional information on placed bonds”, sub-subclause b) in
respect of transfer of payments on the Commercial Payments:
Text of the version to be changed:
Text of the new version, including changes:
Transfer of payments on the Commercial Papers is
Transfer of payments on the Commercial Papers is
carried out by the depositary to the person who was its carried out by the depositary to the person who is its bailor:
bailor at the end of the transaction day, which is prior to
1) at the end of the transaction day, which is prior to
the date defined in accordance with the document the date defined in accordance with the document certifying
certifying the rights fixed in the securities, and at which the rights fixed in the securities, and at which the duty in
the duty in respect to effecting payments on securities is respect to effecting payments on securities is subject to
subject to execution.
execution;
2) at the end of the transaction date following the date,
at which NSD, in accordance with the effective laws,
disclosed information on receipt by NSD of transferrable
payments on securities if the duty of implementation of the
last payment on securities is not performed by the Issuer
within the established period or performed improperly.
To change paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series BО-05”, “C:
Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial Papers of series
BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause 9.1.
“Information on placed securities”, subclause 9.1.2. “Additional information on placed bonds”, sub-subclause c):
Text of the version to be changed:
Text of the new version, including changes:
Possibility of early repayment of the Commercial
Possibility of early repayment of the Commercial
Papers at the Issuer’s discretion and on their owners’ Papers at the Issuer’s discretion and on their owners’
demand is stipulated.
demand is stipulated.
Early repayment of the Commercial Papers is
Early repayment of the Commercial Papers is
supposed after full payment of the Commercial Papers supposed after full payment of the Commercial Papers only.
only.
1. Early repayment of the Commercial Papers on
1. Early repayment of the Commercial Papers on demand of their owners.
demand of their owners.
A) Owner of the Commercial Papers has the right to
Owner of the Commercial Papers has the right to demand early repayment of the Commercial Papers and
demand early repayment of the Commercial Papers and payment of the accumulated coupon yield on the Commercial
payment of the accumulated coupon yield on the Papers to it, which is calculated at the date of performance of
Commercial Papers to it, which is calculated at the date
of performance of obligations on early repayment of the
Commercial Papers, in the event of delisting of the
Commercial Papers on all exchanges which carried out
their admission for organized bidding.
Cost of early repayment of the Commercial Papers
on request of their owners:
Order of cost definition:
Early repayment of the Commercial Papers is made
in respect of the outstanding part of the nominal value.
The outstanding part of the nominal value is defined as a
difference between the nominal value of one Commercial
Paper and its part repaid in the process of partial early
repayment of the Commercial Papers (if the decision on
partial early repayment was made by the Issuer according
to clause 9.5. of the Securities Issue Resolution and clause
9.1.2. of the Prospectus of Securities). For this purpose,
the accumulated coupon yield (hereinafter referred to as
the “ACY”), which is calculated at the date of early
repayment of the Commercial Papers, is paid additionally.
Order of early repayment of the Commercial Papers
on request of their owners:
Early repayment of the Commercial Papers is made
by money in the non-cash form in the currency of the
Russian Federation. The Commercial Papers owners have
no possibility to choose the form of their repayment.
Issuer is obliged to send to NSD the notice
containing the following information:
- name of the event entitling owners of the
Commercial Papers for early repayment of the
Commercial Papers;
- date of the event occurrence;
- possible actions of owners of the Commercial
Papers related with satisfaction of their demands on early
repayment of the Commercial Papers.
At the date of early repayment of the issue, the
amount of ACY on the Commercial Paper is calculated
under the following formula:
Order of definition of the accumulated coupon yield
on the Commercial Papers:
ACY = Cj * Nom * (T - T (j-1)) / 365/100%,
where
j - ordinal number of the coupon period, j=1, 2, 3...
20;
ACY - accumulated coupon yield, in rubles;
Nom - outstanding part of the nominal value of one
Commercial Paper, in rubles;
C j - amount of the interest rate of the j coupon, in
per cent per annum;
T (j-1) - date of beginning of the j coupon period
(for the first coupon period, Т (j-1) is the date of
beginning of the Commercial Papers placement);
T - date of calculation of the accumulated coupon
yield inside the j coupon period.
Amount of the accumulated coupon yield is
calculated with the accuracy of one kopeck. (Rounding-off
is performed using the mathematical rounding-off rules.
The rules of mathematical rounding-off should be
understood as the method of rounding-off, when the value
of the whole kopeck (whole kopecks) does not change if
obligations on early repayment of the Commercial Papers, in
the event of delisting of the Commercial Papers on all
exchanges which carried out their admission for organized
bidding.
B) Owner of the Commercial Papers has the right to
demand early repayment of the Commercial Papers and
payment of the accumulated coupon yield on the Commercial
Papers to it, which is calculated at the date of performance of
obligations on early repayment of the Commercial Papers, in
the event of material violation of conditions for obligations
performance on the Commercial Papers.
C) Owner of the Commercial Papers has the right to
demand early repayment of the Commercial Papers and
payment of the accumulated coupon yield on the Commercial
Papers to it, which is calculated at the date of performance of
obligations on early repayment of the Commercial Papers, in
other events stipulated by the federal laws.
The following is recognized as material violation of
conditions for obligations performance on the Commercial
Papers:
1) delay in performance of obligation on payment of
next interest yield on bonds constituting more than ten
business days, unless a smaller period is stipulated by the
conditions of the bonds issue;
2) delay in performance of obligation on payment of a
part of the nominal value of bonds constituting more than ten
business days, unless a smaller period is stipulated by the
conditions of the bonds issue, provided that payment of the
bonds nominal value is made in parts;
3) delay in performance of obligation on purchase of
bonds constituting more than ten business days, unless a
smaller period is stipulated by the conditions of the bonds
issue, if the issuer’s obligation in respect of purchase of the
bonds is stipulated by the conditions of the bonds issue;
Cost of early repayment of the Commercial Papers on
request of their owners:
Order of cost definition:
Early repayment of the Commercial Papers is made in
respect of the outstanding part of the nominal value. The
outstanding part of the nominal value is defined as a
difference between the nominal value of one Commercial
Paper and its part repaid in the process of partial early
repayment of the Commercial Papers (if the decision on
partial early repayment was made by the Issuer according to
clause 9.5. of the Securities Issue Resolution and clause 9.1.2.
of the Prospectus of Securities). For this purpose, the
accumulated coupon yield (hereinafter referred to as the
“ACY”), which is calculated at the date of early repayment of
the Commercial Papers, is paid additionally.
Order of early repayment of the Commercial Papers on
request of their owners:
Early repayment of the Commercial Papers is made by
money in the non-cash form in the currency of the Russian
Federation. The Commercial Papers owners have no
possibility to choose the form of their repayment.
Issuer is obliged to send to NSD the notice containing
the following information:
- name of the event entitling owners of the Commercial
Papers for early repayment of the Commercial Papers;
- date of the event occurrence;
- possible actions of owners of the Commercial Papers
related with satisfaction of their demands on early repayment
the first figure after the rounded-off one is in the interval
from 0 to 4, and increases by one if the first figure after
the rounded-off one is in the interval from 5 to 9).
Timeframe (order of timeframe definition), during
which the Commercial Papers can be early repaid by the
issuer, or owners of bonds can send (make) applications
containing the demand about early repayment of the
Commercial Papers:
Owners of the Commercial Papers can submit
applications for early repayment of the Commercial
Papers within 30 (Thirty) days as from the date of
disclosure by the Issuer of the information in the
Newswire about emerging of the right of the owners of the
Commercial Papers to demand early repayment of such
Commercial Papers and conditions of their early
repayment, and if the Commercial Papers after their
exclusion are not included by the Exchange in the list of
the securities admitted for organized bidding - in a 30-day
period – before the date of information disclosure on
inclusion by the exchange of the Commercial Papers in
the list of the securities admitted for organized bidding, or
before the date of repayment of the Commercial Papers
(date of the end of the period for repayment of the
Commercial Papers if such repayment is carried out
during a certain period (time period).
Order of disclosure by the Issuer of the information
on early repayment of the Commercial Papers on request
of their owners:
In case of occurrence of the event entitling the
owners to demand early repayment of the Commercial
Papers, the Issuer discloses this information in the form of
the notice on essential fact “on occurrence and (or)
termination of the right of owners of the issuer’s bonds to
demand early repayment of the issuer’s bonds belonging
to them from the issuer” in accordance with clause 11 of
the Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities.
This notice shall contain conditions for early
repayment (including the cost of early repayment).
Text of the notice on essential fact shall be
available on the webpage on the network Internet within
at least 12 months as from the expiration date, established
by the Regulation on Information Disclosure for its
publication on the network Internet; if the notice is
published on the network Internet after the expiration of
such a period - as from the date of its publication on the
network Internet.
Notice on essential fact "On exclusion of equity
securities from the list of the securities admitted for
bidding by the Russian organizer of bidding on the
securities market" is disclosed in accordance with clause
11 of the Securities Issuance Resolution and clause 2.9 of
the Prospectus of Securities.
Text of the notice on essential fact shall be
available on the webpage on the network Internet within
at least 12 months as from the expiration date, established
by the Regulation on Information Disclosure for its
publication on the network Internet; if the notice is
published on the network Internet after the expiration of
such a period - as from the date of its publication on the
network Internet.
of the Commercial Papers.
At the date of early repayment of the issue, the amount
of ACY on the Commercial Paper is calculated under the
following formula:
Order of definition of the accumulated coupon yield on
the Commercial Papers:
ACY = Cj * Nom * (T - T (j-1)) / 365/100%,
where
j - ordinal number of the coupon period, j=1, 2, 3...
20;
ACY - accumulated coupon yield, in rubles;
Nom - outstanding part of the nominal value of one
Commercial Paper, in rubles;
C j - amount of the interest rate of the j coupon, in per
cent per annum;
T (j-1) - date of beginning of the j coupon period (for
the first coupon period, Т (j-1) is the date of beginning of the
Commercial Papers placement);
T - date of calculation of the accumulated coupon
yield inside the j coupon period.
Amount of the accumulated coupon yield is calculated
with the accuracy of one kopeck. (Rounding-off is performed
using the mathematical rounding-off rules. The rules of
mathematical rounding-off should be understood as the
method of rounding-off, when the value of the whole kopeck
(whole kopecks) does not change if the first figure after the
rounded-off one is in the interval from 0 to 4, and increases
by one if the first figure after the rounded-off one is in the
interval from 5 to 9).
Timeframe (order of timeframe definition), during
which the Commercial Papers can be early repaid by the
issuer, or owners of bonds can send (make) applications
containing the demand about early repayment of the
Commercial Papers:
For the case (A) subclause 9.5.1. clause 9.5. of the Securities
Issuance Resolution: Owners of the Commercial Papers are
entitled to present demands (applications) on early repayment
of the Commercial Papers as from the moment of their
delisting on the last of the exchanges which admitted such
papers for organized bidding, and before the expiration of 30
(thirty) days after disclosure by the Issuer and (or) person
acting on behalf and for the benefit of the Commercial Papers
owners (hereinafter - the representative of the owners of the
Commercial Papers) of the information about the occurrence
of such a right for the owners of the Commercial Papers, and
if the Commercial Papers, after their delisting, are not
included by the exchange in the list of the securities admitted
for organized bidding, during 30 (Thirty) days prior to the
date of disclosure of the information on inclusion by the
exchange of the Commercial Papers in the list of securities
admitted for organized bidding or before the date of the
Commercial Papers repayment.
For the case (B) subclause 9.5.1. clause 9.5. of the Securities
Issuance Resolution: Owners of the Commercial Papers can
submit applications for early redemption of the Commercial
Papers as from the moment of the occurrence of the
circumstances recognized in accordance with the Russian
Federation laws as a material violation of obligations under
the Commercial Papers, and before the date of disclosure by
the Issuer and (or) the Commercial Papers owners
representative of the information on the violations eliminate.
The specified notice shall contain conditions of
early repayment (including cost of early repayment).
Besides, the Issuer is obliged to send to NSD the
notice to the effect that the exchange, which has carried
out admission of the Commercial Papers for bidding, has
sent notice to it on delisting of the Commercial Papers (if
the Commercial Papers of the Issuer are not included in
the list of the securities admitted for organized bidding, of
other stock exchanges), to the effect that the Issuer accepts
Demands on Early Repayment of the Commercial Papers,
and on the date of the early repayment of the Commercial
Papers.
In the event of early repayment of the Commercial
Papers on owners’ demand, transfer of the Commercial
Papers from the custodial account, which was opened
with NSD, to the owner of the Commercial Papers or its
authorized person to the issuer account, which was
opened with NSD, to the Issuer, and transfer of the
respective amount of money from the bank account, which
was opened with NSD to the Issuer or its authorized
person to the bank account, which was opened with NSD
to the owner of Commercial Papers or its authorized
person, is carried out under the rules established by NSD
for implementation of transfer of securities under counter
orders of the sender and recipient, accompanied by
control over money settlements.
Owners of the Commercial Papers agree that
mutual settlements in the event of early repayment of the
Commercial Papers on demand of their owners are
carried out under the rules established by NSD for
implementation of transfer of securities under counter
orders of the sender and recipient, accompanied by
control over money settlements. For these purposes, the
Owner of the Commercial Papers or a person authorized
by the Owner of the Commercial Papers for obtaining
amounts of the early repayment on the Commercial
Papers must have a bank account opened with NSD.
Procedure and terms of opening the bank account
with NSD is regulated by RF laws, regulations of the Bank
of Russia, as well as terms of the contract with the NSD.
For this purpose, the Owners of the Commercial
Papers - individuals agree that mutual settlements for
early repayment of the Commercial Papers on the demand
of their owners are carried out exclusively through the
bank account of the legal person authorized by the Owner
of the Commercial Papers - an individual to receive the
early repayment of the Commercial Papers.
Owner of the Commercial Papers or a person
authorized by the owner to perform any acts aimed at
early repayment of the Commercial Papers submits a
Demand (Application) on Early Repayment of the
Commercial Papers in writing with the following
documents:
- copy of an extract on the custodial account of the
Commercial Papers owner,
- documents confirming the powers of the persons
who signed the demand (application) on behalf of the
owner of the Commercial Papers (in the event of the
demand submitting by the representative of the
Commercial Papers owner).
Demand (Application) on Early Repayment of the
Commercial Papers shall contain the name of the event,
For the case (C) subclause 9.5.1. clause 9.5. of the Securities
Issuance Resolution: Owners of the Commercial Papers can
submit applications for early repayment of the Commercial
Papers as from the moment of the occurrence of the
circumstances (events), with which the federal laws associate
the occurrence of the specified right, and before the
termination of such circumstances (events), unless another
date is specified by the relevant federal law.
The Issuer is obliged to repay the Commercial Papers
presented for early repayment in the event of delisting of the
Commercial Papers on all exchanges that have implemented
their admission for organized bidding, in case of material
violation of obligations under them, as well as in other cases
stipulated by the federal laws, not later than 7 (seven)
business days as from the date of receipt of the Demand
(application).
Order of disclosure by the Issuer of the information on
early repayment of the Commercial Papers on request of their
owners:
In case of occurrence of the event entitling the owners
to demand early repayment of the Commercial Papers, the
Issuer discloses this information in the form of the notice on
essential fact “on occurrence and (or) termination of the
right of owners of the issuer’s bonds to demand early
repayment of the issuer’s bonds belonging to them from the
issuer” in accordance with clause 11 of the Securities
Issuance Resolution and clause 2.9 of the Prospectus of
Securities.
This notice shall contain conditions for early
repayment (including the cost of early repayment).
Text of the notice on essential fact shall be available
on the webpage on the network Internet within at least 12
months as from the expiration date, established by the
Regulation on Information Disclosure for its publication on
the network Internet; if the notice is published on the network
Internet after the expiration of such a period - as from the
date of its publication on the network Internet.
Notice on essential fact "On exclusion of equity
securities from the list of the securities admitted for bidding
by the Russian organizer of bidding on the securities market"
is disclosed in accordance with clause 11 of the Securities
Issuance Resolution and clause 2.9 of the Prospectus of
Securities.
Text of the notice on essential fact shall be available
on the webpage on the network Internet within at least 12
months as from the expiration date, established by the
Regulation on Information Disclosure for its publication on
the network Internet; if the notice is published on the network
Internet after the expiration of such a period - as from the
date of its publication on the network Internet.
The specified notice shall contain conditions of early
repayment (including cost of early repayment).
Besides, the Issuer is obliged to send to NSD the notice
to the effect that the exchange, which has carried out
admission of the Commercial Papers for bidding, has sent
notice to it on delisting of the Commercial Papers (if the
Commercial Papers of the Issuer are not included in the list
of the securities admitted for organized bidding, of other
exchanges), to the effect that the Issuer accepts Demands
(applications) on Early Repayment of the Commercial
Papers, and on the date of the early repayment of the
Commercial Papers.
which gave the right to the owner of the Commercial
Papers to early repayment, as well as:
a) full name (first name, patronymic, last name of
the owner – an individual) of the owner of the Commercial
Papers and the person authorized by the owner of the
Commercial Papers for obtaining the amounts of early
repayment on the Commercial Papers;
b) quantity of the Commercial Papers registered
in the custodial account of the Commercial Papers owner
or its person authorized;
c) seat and postal address of the person, which
submitted the Demand (Application) on Early Repayment
of the Commercial Papers;
d) details of the bank account of the person,
which is authorized to obtain the amounts of early
repayment on the Commercial Papers (bank account
details are specified under the NSD rules for transfers of
securities under counter orders, accompanied by control
over money settlements);
e) tax payer identification number (TIN) of the
person, which is authorized to receive the repayment
amounts on the Commercial Papers;
f) tax status of the person, which is authorized to
receive the amounts of early repayment on the
Commercial Papers (resident, non-resident with
permanent representation in the Russian Federation, nonresident without permanent representation in the Russian
Federation, etc.);
g) registration reason code (RRC) of the person,
which is authorized to receive the amounts of early
repayment on the Commercial Papers;
h) RNCBO (Russian National Classifier of
Businesses and Organizations) code;
i) RNCEA (Russian National Classifier of
Economic Activities) code;
j) RCBIC (Russian Central Bank identification
number) (for credit organizations);
k) details of the custodial account, which was
opened with NSD to the owner of the Commercial Papers
or its authorized person, which are necessary for transfer
of the Commercial Papers on the counter orders,
accompanied by control over money settlements, under the
rules established by NSD.
If the owner of the Commercial Papers is nonresident and (or) individual, the Demand (Application) for
Early Repayment of the Commercial Papers shall
necessarily specify the following information additionally:
- place of seat (or registration - for individuals) and
postal address, including index, of the owner of the
Commercial Papers;
- tax payer identification number (TIN) of the
owner of the Commercial Papers;
- tax status of the owner of the Commercial Papers;
If the owner of the Commercial Papers is a legal
entity - non-resident:
- foreign entity code (FEC) – if available
In the event of early repayment of the Commercial
Papers on owners’ demand, transfer of the Commercial
Papers from the custodial account, which was opened with
NSD, to the owner of the Commercial Papers or its
authorized person to the issuer account, which was opened
with NSD, to the Issuer, and transfer of the respective amount
of money from the bank account, which was opened with NSD
to the Issuer or its authorized person to the bank account,
which was opened with NSD to the owner of Commercial
Papers or its authorized person, is carried out under the rules
established by NSD for implementation of transfer of
securities under counter orders of the sender and recipient,
accompanied by control over money settlements.
Owners of the Commercial Papers agree that mutual
settlements in the event of early repayment of the Commercial
Papers on demand of their owners are carried out under the
rules established by NSD for implementation of transfer of
securities under counter orders of the sender and recipient,
accompanied by control over money settlements. For these
purposes, the Owner of the Commercial Papers or a person
authorized by the Owner of the Commercial Papers for
obtaining amounts of the early repayment on the Commercial
Papers must have a bank account opened with NSD.
Procedure and terms of opening the bank account with
NSD is regulated by RF laws, regulations of the Central Bank
of the Russian Federation, as well as terms of the contract
with the NSD.
For this purpose, the Owners of the Commercial
Papers - individuals agree that mutual settlements for early
repayment of the Commercial Papers on the demand of their
owners are carried out exclusively through the bank account
of the legal person authorized by the Owner of the
Commercial Papers - an individual to receive the early
repayment of the Commercial Papers.
Owner of the Commercial Papers or a person
authorized by the owner to perform any acts aimed at early
repayment of the Commercial Papers submits a Demand
(Application) on Early Repayment of the Commercial Papers
in writing with the following documents:
- copy of an extract on the custodial account of the
Commercial Papers owner,
- documents confirming the powers of the persons who
signed the Demand (application) on behalf of the owner of the
Commercial Papers (in the event of the Demand (application)
submitting by the representative of the Commercial Papers
owner).
Demand (Application) on Early Repayment of the
Commercial Papers shall contain the name of the event,
which gave the right to the owner of the Commercial Papers
to early repayment, as well as:
a) full name (first name, patronymic, last name of the
owner – an individual) of the owner of the Commercial
Papers and the person authorized by the owner of the
Commercial Papers for obtaining the amounts of early
repayment on the Commercial Papers;
b) quantity of the Commercial Papers registered in
the custodial account of the Commercial Papers owner or its
person authorized;
c) seat and postal address of the person, which
submitted the Demand (Application) on Early Repayment of
If the owner of the Commercial Papers is an
individual:
- kind, number, date and place of delivery of the
document proving the identity of the owner of the
Commercial Papers,
- name of the authority which issued the document;
- day, month and year of birth of the owner of the
Commercial Papers.
Additionally to the Demand (Application), to the
information concerning individuals and legal entities non-residents of the Russian Federation who are owners
of the Commercial Papers, the owner of the Commercial
Papers or the person authorized by the owner to make
actions aimed at early repayment of the Commercial
Papers, having preliminarily requested the following from
the owner of Commercial Papers, is obliged to transfer to
the Issuer the following documents necessary for
application of respective rates of taxation for taxation of
the yields on the Commercial Papers:
a) if the owner of the Commercial Papers is a legal
entity - non-resident:
- acknowledgement of the fact that the legal entity non-resident has a constant seat in the state, with which
the Russian Federation has the international agreement
(treaty) governing the issues of taxation (if concluded),
which shall be certified by the competent authority of the
respective foreign state. If this acknowledgement is made
in the foreign language, translation into Russian is also
provided7;
b) if the permanent representative office of the legal
entity-non-resident is recipient of the yield on the
Commercial Papers:
- copy of the certificate of registration of the
specified representation in the tax authorities of the
Russian Federation, certified by a notary, issued not
earlier than in the previous tax period (if the paid yield is
related with the permanent representation of the yield
recipient in the Russian Federation).
c) in the event of payments to foreign citizens of the
states which have current intergovernmental double
taxation avoidance agreements with the Russian
Federation, to the owner of the Commercial Papers or the
person which is authorized by the owner of the
Commercial Papers to make actions, which are aimed at
early repayment of the Commercial Papers, preliminary
having requested the following from such a foreign
7
the Commercial Papers;
d) details of the bank account of the person, which is
authorized to obtain the amounts of early repayment on the
Commercial Papers (bank account details are specified under
the NSD rules for transfers of securities under counter orders,
accompanied by control over money settlements);
e) tax payer identification number (TIN) of the
person, which is authorized to receive the repayment amounts
on the Commercial Papers;
f) tax status of the person, which is authorized to
receive the amounts of early repayment on the Commercial
Papers (resident, non-resident with permanent representation
in the Russian Federation, non-resident without permanent
representation in the Russian Federation, etc.);
g) registration reason code (RRC) of the person,
which is authorized to receive the amounts of early repayment
on the Commercial Papers;
h) RNCBO (Russian National
Businesses and Organizations) code;
Classifier
of
i) RNCEA (Russian National Classifier of Economic
Activities) code;
j) RCBIC (Russian Central Bank identification
number) (for credit organizations);
k) details of the custodial account, which was opened
with NSD to the owner of the Commercial Papers or its
authorized person, which are necessary for transfer of the
Commercial Papers on the counter orders, accompanied by
control over money settlements, under the rules established
by NSD.
If the owner of the Commercial Papers is non-resident
and (or) individual, the Demand (Application) for Early
Repayment of the Commercial Papers shall necessarily
specify the following information additionally:
- place of seat (or registration - for individuals) and
postal address, including index, of the owner of the
Commercial Papers;
- tax payer identification number (TIN) of the owner of
the Commercial Papers;
- tax status of the owner of the Commercial Papers;
If the owner of the Commercial Papers is a legal entity
- non-resident:
- foreign entity code (FEC) – if available
Section 312 of the Tax Code of the Russian Federation stipulates submission of the acknowledgement certified by the
competent authority of the foreign state to the tax agent. The order of registration of the official documents which come from the
competent authorities of the foreign states, is contained in the Hague Convention dated 5.10.1961, which is a component of the
legal system of the Russian Federation by virtue of the Russian Federation Constitution.
According to clause 1 of the Convention, the Convention covers the official documents which were made out in the
territory of one of the agreeing states and shall be submitted in the territory of the other agreeing state.
Owing to clause 3 of the Convention, the sole formality, observance of which can be required for authentication of the
signature, role performed by the person who signed the document, and in an appropriate case authenticity of the seal or stamp
contained in this document, is putting down of an apostille, stipulated by clause 4 of the Convention, by the competent authority
of the state in which this document was made out.
Since the Convention covers official documents, including those coming from the authority or official accountable to the
jurisdiction of the state, including the documents which come from the Office of Public Prosecutor, court secretary or judicial
enforcement agent, such documents shall meet the Convention requirements, that is they shall contain an apostille.
For this purpose, in order to apply the preferential mode of taxation, the foreign person shall submit the conformation,
which was issued by the competent authority of the state and containing an apostille. citizen, it is necessary to give to the Issuer the document
confirming that the foreign citizen is a tax resident of the
foreign state for the purposes of application of the current
intergovernmental double taxation avoidance agreement
of the Russian Federation with the foreign state, which is
issued according to the requirements of the Russian tax
laws.
d) to Russian citizens - owners of the Commercial
Papers living outside the territory of the Russian
Federation, or to the person which is authorized by the
owner to make actions, which are aimed at early
repayment of the Commercial Papers, preliminary having
requested the following from such Russian citizen, it is
necessary to give to the Issuer the application in any form
about recognition by the Russian citizen of its tax nonresident status according to Section 207 of the Russian
Federation Tax Code at the respective date of payments.
If the specified documents are not provided or are
provided untimely, the Issuer does not bear responsibility
before the owners for non-use of respective taxation rates.
Demand (Application) containing the cash
payment-related provisions, is not satisfied.
Issuer does not bear obligations on early
repayment of the Commercial Papers in respect of:
- persons which have not presented the Demands
(Applications) within specified period;
- persons which have presented the Demand
(Application), which does not meet respective established
requirements.
Within 7 (Seven) business days as from the date of
obtaining the above-stated documents, the Issuer carries
out their inspection (hereinafter – the period for
consideration of the Demand (Application)).
Issuer, not later than on the 5th (Fifth) business day
as from the date of expiration of the period for
consideration of the Demand (Application) for early
repayment of the Commercial Papers, notifies in writing
of the decision made in respect of satisfaction or refusal in
satisfaction (specifying the reasons) of the Demand
(Application) of the owner of the Commercial Papers or
the person, which is authorized by the owner to make
actions, which are aimed at early repayment of the
Commercial Papers, which submitted the Demand
(Application) for early repayment of the Commercial
Papers.
Receipt of the notice of refusal in satisfaction of the
Demand (Application) for early repayment of the
If the owner of the Commercial Papers is an
individual:
- kind, number, date and place of delivery of the
document proving the identity of the owner of the Commercial
Papers,
- name of the authority which issued the document;
- day, month and year of birth of the owner of the
Commercial Papers.
Additionally to the Demand (Application), to the
information concerning individuals and legal entities - nonresidents of the Russian Federation who are owners of the
Commercial Papers, the owner of the Commercial Papers or
the person authorized by the owner to make actions aimed at
early repayment of the Commercial Papers, having
preliminarily requested the following from the owner of
Commercial Papers, is obliged to transfer to the Issuer the
following documents necessary for application of respective
rates of taxation for taxation of the yields on the Commercial
Papers:
a) if the owner of the Commercial Papers is a legal
entity - non-resident:
- acknowledgement of the fact that the legal entity non-resident has a constant seat in the state, with which the
Russian Federation has the international agreement (treaty)
governing the issues of taxation (if concluded), which shall be
certified by the competent authority of the respective foreign
state. If this acknowledgement is made in the foreign
language, translation into Russian is also provided8;
b) if the permanent representative office of the legal
entity-non-resident is recipient of the yield on the Commercial
Papers:
- copy of the certificate of registration of the specified
representation in the tax authorities of the Russian
Federation, certified by a notary, issued not earlier than in
the previous tax period (if the paid yield is related with the
permanent representation of the yield recipient in the Russian
Federation).
c) in the event of payments to foreign citizens of the
states which have current intergovernmental double taxation
avoidance agreements with the Russian Federation, to the
owner of the Commercial Papers or the person which is
authorized by the owner of the Commercial Papers to make
actions, which are aimed at early repayment of the
Commercial Papers, preliminary having requested the
following from such a foreign citizen, it is necessary to give to
the Issuer the document confirming that the foreign citizen is
8
Section 312 of the Tax Code of the Russian Federation stipulates submission of the acknowledgement certified by the
competent authority of the foreign state to the tax agent. The order of registration of the official documents which come from the
competent authorities of the foreign states, is contained in the Hague Convention dated 5.10.1961, which is a component of the
legal system of the Russian Federation by virtue of the Russian Federation Constitution.
According to clause 1 of the Convention, the Convention covers the official documents which were made out in the
territory of one of the agreeing states and shall be submitted in the territory of the other agreeing state.
Owing to clause 3 of the Convention, the sole formality, observance of which can be required for authentication of the
signature, role performed by the person who signed the document, and in an appropriate case authenticity of the seal or stamp
contained in this document, is putting down of an apostille, stipulated by clause 4 of the Convention, by the competent authority
of the state in which this document was made out.
Since the Convention covers official documents, including those coming from the authority or official accountable to the
jurisdiction of the state, including the documents which come from the Office of Public Prosecutor, court secretary or judicial
enforcement agent, such documents shall meet the Convention requirements, that is they shall contain an apostille.
For this purpose, in order to apply the preferential mode of taxation, the foreign person shall submit the conformation,
which was issued by the competent authority of the state and containing an apostille. Commercial Papers does not deprive the owner of the
Commercial Papers of the right to address with the
Demands (Applications) for early repayment of the
Commercial Papers repeatedly.
In the event of decision-making by the Issuer on
satisfaction of the Demand on early repayment of the
Commercial Papers, transfer of the Commercial Papers
from the custodial account, which was opened with NSD
for the owner of the Commercial Papers or its authorized
person to the issuer account of the Issuer, which was
opened with NSD, is carried out under the counter orders
accompanied by control over money settlements.
In order to implement the specified transfer, the
Issuer not later than on the 5th (Fifth) business day as
from the date of expiration of the period for consideration
of the Demand (Application) for early repayment of the
Commercial Papers notifies in writing on the decision
made by the owner of the Commercial Papers or the
person, which is authorized by the owner to make actions,
aimed at early repayment of the Commercial Papers,
which submitted the Demand (Application) for early
repayment of the Commercial Papers, and specifies the
details in the Notice on Satisfaction of the Demand
(Application), which are necessary for filling in the
custody commission under the form, which is established
for transfer of the Commercial Papers, accompanied by
control over money settlements.
After sending such notices, the Issuer submits to
NSD the counter custody commission for transfer of the
Commercial Papers (under the form, which is established
for transfer of the Commercial Papers, accompanied by
control over money settlements) from the custodial
account opened with NSD to the owner of the Commercial
Papers or its authorized person, to its issuer account,
according to the details specified in the Demand
(Application) about early repayment of the Commercial
Papers, and the Issuer or its authorized person submits to
NSD the commission for transfer of money resources from
its bank account to the bank account of the owner of the
Commercial Papers or its authorized person, the details of
which are specified in the respective Demand
(Application) for early repayment of the Commercial
Papers.
Owner of the Commercial Papers or its authorized
person, after receipt of the notice on satisfaction of the
Demand, submits to NSD the commission under the form
established for securities transfer, accompanied by
control over money settlements, for transfer of the
Commercial Papers from its custodial account with NSD
to the issuer account of the Issuer according to the details,
specified in the Notice on Satisfaction of the Demand
(Application) for early repayment of the Commercial
Papers.
Parties shall include the identical date of
performance (hereinafter referred to as the “Performance
Date”) in the custody commissions for securities transfer,
accompanied by control over money settlements, and the
payment order for transfer of money resources.
Performance Date shall not coincide with a public
holiday or day-off - irrespective of the fact whether it is a
national state day-off or day-off for settlement operations.
Early repayment is carried out in respect of all
received Demands on Early Repayment of the Commercial
a tax resident of the foreign state for the purposes of
application of the current intergovernmental double taxation
avoidance agreement of the Russian Federation with the
foreign state, which is issued according to the requirements of
the Russian tax laws.
d) to Russian citizens - owners of the Commercial
Papers living outside the territory of the Russian Federation,
or to the person which is authorized by the owner to make
actions, which are aimed at early repayment of the
Commercial Papers, preliminary having requested the
following from such Russian citizen, it is necessary to give to
the Issuer the application in any form about recognition by
the Russian citizen of its tax non-resident status according to
Section 207 of the Russian Federation Tax Code at the
respective date of payments.
If the specified documents are not provided or are
provided untimely, the Issuer does not bear responsibility
before the owners for non-use of respective taxation rates.
Demand (Application) containing the cash paymentrelated provisions, is not satisfied.
Issuer does not bear obligations on early repayment of
the Commercial Papers in respect of:
- persons which have not presented the Demands
(Applications) within specified period;
- persons which have presented the Demand
(Application), which does not meet respective established
requirements.
Within 2 (Two) business days as from the date of
obtaining the above-stated documents, the Issuer carries out
their inspection (hereinafter – the period for consideration of
the Demand (Application)).
Issuer, within not later than 1 (One) business day as
from the date of expiration of the period for consideration of
the Demand (Application) for early repayment of the
Commercial Papers, notifies in writing of the decision made
in respect of satisfaction or refusal in satisfaction (specifying
the reasons) of the Demand (Application) of the owner of the
Commercial Papers or the person, which is authorized by the
owner to make actions, which are aimed at early repayment
of the Commercial Papers, which submitted the Demand
(Application) for early repayment of the Commercial Papers.
Receipt of the notice of refusal in satisfaction of the
Demand (Application) for early repayment of the Commercial
Papers does not deprive the owner of the Commercial Papers
of the right to address with the Demands (Applications) for
early repayment of the Commercial Papers repeatedly.
In the event of decision-making by the Issuer on
satisfaction of the Demand on early repayment of the
Commercial Papers, transfer of the Commercial Papers from
the custodial account, which was opened with NSD for the
owner of the Commercial Papers or its authorized person to
the issuer account of the Issuer, which was opened with NSD,
is carried out under the counter orders accompanied by
control over money settlements.
In order to implement the specified transfer, the Issuer
within not later than 1 (One) business day as from the date of
expiration of the period for consideration of the Demand
(Application) for early repayment of the Commercial Papers
notifies in writing on the decision made by the owner of the
Commercial Papers or the person, which is authorized by the
owner to make actions, aimed at early repayment of the
Commercial Papers, which submitted the Demand
Papers meeting the requirements, which are specified
above in this clause.
Commercial Papers, which are repaid by the Issuer
early, cannot be put into circulation.
Issuer publishes the information on the results of
early repayment of the Commercial Papers (including on
the quantity of early repaid Commercial Papers) within
the time period and in the manner stipulated by clause 11
of the Securities Issue Resolution, clause 2.9 of the
Prospectus of Securities.
Other conditions of early repayment of the
Commercial Papers on their owners’ demand: none.
2. Early repayment of the Commercial Papers at the
Issuer’s discretion.
Early repayment of the Commercial Papers at the
Issuer’s discretion is carried out in respect of all
Commercial Papers within the issue.
A) Possibility of early repayment of the
Commercial Papers during the period of their circulation
at the discretion of the Issuer is determined by the
decision of the sole executive body of the Issuer before the
date of commencement of the Commercial Papers
placement. In this case, if the Issuer took the decision on
the possibility of early repayment of the Commercial
Papers at its discretion, the Issuer defines in such a
decision the serial number of the coupon period, at the
date of completion of which early repayment of the
Commercial Papers is possible at the discretion of the
Issuer. This decision is made by the sole executive body of
the Issuer.
If the decision on the possibility of early repayment
of the Commercial Papers at the discretion of the Issuer is
taken, the purchase of the Commercial Papers will
constitute consent of the purchaser of the Commercial
Papers with the possibility of early repayment at the
Issuer’s discretion.
Order the information disclosure on decisionmaking on the possibility of early repayment of bonds at
the Issuer’s discretion:
Notice of taking a decision by the Issuer on early
repayment of the Commercial Papers at the discretion of
the Issuer is disclosed in the form of notice on essential
fact in accordance with clause 11 of Securities Issuance
Resolution and clause 2.9 of the Prospectus of Securities.
Issuer shall notify the Exchange about the decision
taken in respect of the possibility of early repayment on
certain dates no later than 1 (One) day before the date of
placement beginning.
Procedure for early repayment of bonds at the
issuer's discretion
If a decision on the possibility of early repayment of
the Commercial Papers at the discretion of the Issuer is
taken, the Issuer may decide on early repayment of the
Commercial Papers not later than 14 (Fourteen) days
prior to the date of the coupon period end which is
specified in the Issuer’s decision on the possibility of early
repayment of the Commercial Papers at the Issuer’s
discretion (hereinafter - the “Date of Early Repayment”).
(Application) for early repayment of the Commercial Papers,
and specifies the details in the Notice on Satisfaction of the
Demand (Application), which are necessary for filling in the
custody commission under the form, which is established for
transfer of the Commercial Papers, accompanied by control
over money settlements.
After sending such notices, the Issuer submits to NSD
the counter custody commission for transfer of the
Commercial Papers (under the form, which is established for
transfer of the Commercial Papers, accompanied by control
over money settlements) from the custodial account opened
with NSD to the owner of the Commercial Papers or its
authorized person, to its issuer account, according to the
details specified in the Demand (Application) about early
repayment of the Commercial Papers, and the Issuer or its
authorized person submits to NSD the commission for
transfer of money resources from its bank account to the bank
account of the owner of the Commercial Papers or its
authorized person, the details of which are specified in the
respective Demand (Application) for early repayment of the
Commercial Papers.
Owner of the Commercial Papers or its authorized
person, after receipt of the notice on satisfaction of the
Demand (application), submits to NSD the commission under
the form established for securities transfer, accompanied by
control over money settlements, for transfer of the
Commercial Papers from its custodial account with NSD to
the issuer account of the Issuer according to the details,
specified in the Notice on Satisfaction of the Demand
(Application) for early repayment of the Commercial Papers.
Parties shall include the identical date of performance
(hereinafter referred to as the “Performance Date”) in the
custody commissions for securities transfer, accompanied by
control over money settlements, and the payment order for
transfer of money resources.
Commercial Papers shall be early repaid during not
later than 7 (Seven) business days as from the date of
obtaining the respective Demand (application) on early
repayment of the Commercial Papers, unless otherwise
stipulated by the Russian Federation laws.
Early repayment is carried out in respect of all
received Demands (application) on Early Repayment of the
Commercial Papers meeting the requirements, which are
specified above in this clause.
Commercial Papers, which are repaid by the Issuer
early, cannot be put into circulation.
Issuer publishes the information on the results of early
repayment of the Commercial Papers (including on the
quantity of early repaid Commercial Papers) within the time
period and in the manner stipulated by clause 11 of the
Securities Issue Resolution, clause 2.9 of the Prospectus of
Securities.
Other conditions of early repayment of the Commercial
Papers on their owners’ demand: none.
2. Early repayment of the Commercial Papers at the
Issuer’s discretion.
Early repayment of the Commercial Papers at the
Issuer’s discretion is carried out in respect of all Commercial
Papers within the issue.
If the Date of Early Repayment of the Commercial
Papers coincides with a public holiday or day-off irrespective of the fact whether it is a national state dayoff or day-off for settlement operations, transfer of the
proper amount is performed on the first business day
following the public holiday or day-off. The Commercial
Papers owner has no right to demand interest accrual or
accrual of any other compensation for such a delay in
payment.
This decision is made by the sole executive body of
the Issuer. If the Issuer, not later than 14 (Fourteen) days
before the date of the coupon period end which is
specified in the decision of the Issuer on early repayment
of the Commercial Papers at the Issuer's discretion, did
not take a decision on early repayment of the Commercial
Papers, it is considered that the possibility of early
repayment at the issuer's discretion set in subparagraph
A) of clause 9.5.2 of the Securities Issuance Resolution, is
not used by the Issuer, and the Issuer shall not be entitled
for early repayment of the Commercial Papers issue in
accordance with subparagraph a) of clause 9.5.2 of the
Securities Issuance Resolution.
Issuer shall notify the Exchange and NSD of the
bonds early repayment on the date of the decision.
Early repayment of the Commercial Papers is made
by money in the non-cash form in the currency of the
Russian Federation. The Commercial Papers owners have
no possibility to choose the form of their repayment.
Commercial Papers repaid by the Issuer early
cannot be put into circulation.
Owners and other persons exercising the rights on
the Commercial Papers in accordance with the federal
laws receive payments on the Commercial Papers through
the depositary performing registration of rights to
securities, at which they are bailors. Custody agreement
between the depositary performing registration of rights
to securities and bailor must contain the order of transfer
of payments on securities to the bailor.
Issuer performs responsibility for the early
repayment of the Commercial Papers by transferring
money to NSD. This obligation is considered performed by
the Issuer as from the date of receipt of funds with NSD
account.
Transfer of payments on the Commercial Papers is
performed by the depositary to the entity which was its
bailor:
1) at the end of the transaction day, which is prior
to the date defined in accordance with the document
certifying the rights fixed in the securities, and at which
the duty in respect to effecting payments on securities is
subject to execution;
2) at the end of the transaction date following the
date, at which NSD, in accordance with the effective laws,
disclosed information on receipt by NSD of transferrable
payments on securities if the duty of implementation of the
last payment on securities is not performed by the Issuer
within the established period or performed improperly.
Depositary transfers payments to its bailors on
securities pro rata to the quantity of the Commercial
Papers which were registered with their custodial
accounts at the end of the transaction day defined
according to the above-stated paragraph.
A) Possibility of early repayment of the Commercial
Papers during the period of their circulation at the discretion
of the Issuer is determined by the decision of the sole
executive body of the Issuer before the date of commencement
of the Commercial Papers placement. In this case, if the
Issuer took the decision on the possibility of early repayment
of the Commercial Papers at its discretion, the Issuer defines
in such a decision the serial number of the coupon period, at
the date of completion of which early repayment of the
Commercial Papers is possible at the discretion of the Issuer.
This decision is made by the sole executive body of the Issuer.
If the decision on the possibility of early repayment of
the Commercial Papers at the discretion of the Issuer is
taken, the purchase of the Commercial Papers will constitute
consent of the purchaser of the Commercial Papers with the
possibility of early repayment at the Issuer’s discretion.
Order the information disclosure on decision-making
on the possibility of early repayment of bonds at the Issuer’s
discretion:
Notice of taking a decision by the Issuer on early
repayment of the Commercial Papers at the discretion of the
Issuer is disclosed in the form of notice on essential fact in
accordance with clause 11 of Securities Issuance Resolution
and clause 2.9 of the Prospectus of Securities.
Issuer shall notify the Exchange about the decision
taken in respect of the possibility of early repayment on
certain dates no later than 1 (One) day before the date of
placement beginning.
Procedure for early repayment of bonds at the issuer's
discretion
If a decision on the possibility of early repayment of
the Commercial Papers at the discretion of the Issuer is
taken, the Issuer may decide on early repayment of the
Commercial Papers not later than 14 (Fourteen) days prior
to the date of the coupon period end which is specified in the
Issuer’s decision on the possibility of early repayment of the
Commercial Papers at the Issuer’s discretion (hereinafter the “Date of Early Repayment”).
If the Date of Early Repayment of the Commercial
Papers coincides with a public holiday or day-off irrespective of the fact whether it is a national state day-off or
day-off for settlement operations, transfer of the proper
amount is performed on the first business day following the
public holiday or day-off. The Commercial Papers owner has
no right to demand interest accrual or accrual of any other
compensation for such a delay in payment.
This decision is made by the sole executive body of the
Issuer. If the Issuer, not later than 14 (Fourteen) days before
the date of the coupon period end which is specified in the
decision of the Issuer on early repayment of the Commercial
Papers at the Issuer's discretion, did not take a decision on
early repayment of the Commercial Papers, it is considered
that the possibility of early repayment at the issuer's
discretion set in subparagraph A) of clause 9.5.2 of the
Securities Issuance Resolution, is not used by the Issuer, and
the Issuer shall not be entitled for early repayment of the
Commercial Papers issue in accordance with subparagraph
a) of clause 9.5.2 of the Securities Issuance Resolution.
Issuer shall notify the Exchange and NSD of the
Commercial Papers early repayment on the date of the
decision.
Early repayment of the Commercial Papers is made
in accordance with procedure established by the
requirements of the applicable Russian Federation laws.
Commercial Papers are repaid early on the
outstanding portion of the nominal value. For this
purpose, the coupon yield on n-th coupon period is paid,
where n – ordinal number of the coupon period, on the
date of payment of which the early repayment of
Commercial Papers issue is performed. Write-off of
Commercial Papers from custodial accounts in the event
of early repayment after performance by the Issuer of all
obligations to the Commercial Papers owners on the
coupon yield payment and nominal value of the
Commercial Papers.
Removal of the Certificate from storage is made
after writing off all Commercial Papers with NSD.
Period during which the bonds can be repaid early
by the issuer
If the Issuer takes a decision on early repayment at
the Issuer’s discretion, the Commercial Papers will be
repaid early on the date of the coupon period completion,
which is determined by the Issuer in the Issuer's decision
on possibility of early repayment of the Commercial
Papers at the Issuer’s discretion.
Early repayment beginning date:
Date of the coupon period completion, which is
determined by the Issuer in the Issuer's decision on
possibility of early repayment of the Commercial Papers
at the Issuer’s discretion.
Early repayment completion date:
Dates of beginning and completion of the early
repayment of the Commercial Papers coincide.
Order of information disclosure on bonds early
repayment:
Information on taking by the Issuer of the decision
on early repayment of the Commercial Papers is
published by the Issuer in the form of notice on essential
fact in accordance with clause 11 of the Securities
Issuance Resolution and clause 2.9 of the Prospectus of
Securities.
After early repayment by the Issuer of the
Commercial Papers, the Issuer publishes information on
early repayment of equity securities of the Issuer.
This information (including the number of repaid
Commercial Papers) is published in the form of notice on
essential fact in accordance with clause 11 of the
Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities.
Other terms of bonds early repayment: none.
B) Before the date of commencement of the
Commercial Papers placement, the Issuer has the right to
take a decision on partial early repayment of the
Commercial Papers on the date of expiration of the next
coupon period(s). In this case, the Issuer shall determine
the number(s) of the coupon period(s) on the date of
expiry of which the Issuer performs early repayment of a
Early repayment of the Commercial Papers is made by
money in the non-cash form in the currency of the Russian
Federation. The Commercial Papers owners have no
possibility to choose the form of their repayment.
Commercial Papers repaid by the Issuer early cannot
be put into circulation.
Owners and other persons exercising the rights on the
Commercial Papers in accordance with the federal laws
receive payments on the Commercial Papers through the
depositary performing registration of rights to securities, at
which they are bailors. Custody agreement between the
depositary performing registration of rights to securities and
bailor must contain the order of transfer of payments on
securities to the bailor.
Issuer performs responsibility for the early repayment
of the Commercial Papers by transferring money to NSD.
This obligation is considered performed by the Issuer as from
the date of receipt of funds with NSD account.
Transfer of payments on the Commercial Papers is
performed by the depositary to the entity which was its bailor:
1) at the end of the transaction day, which is prior to
the date defined in accordance with the document certifying
the rights fixed in the securities, and at which the duty in
respect to effecting payments on securities is subject to
execution;
2) at the end of the transaction date following the date,
at which NSD, in accordance with the effective laws,
disclosed information on receipt by NSD of transferrable
payments on securities if the duty of implementation of the
last payment on securities is not performed by the Issuer
within the established period or performed improperly.
Depositary transfers payments to its bailors on
securities pro rata to the quantity of the Commercial Papers
which were registered with their custodial accounts at the end
of the transaction day defined according to the above-stated
paragraph.
Early repayment of the Commercial Papers is made in
accordance with procedure established by the requirements
of the applicable Russian Federation laws.
Commercial Papers are repaid early on the
outstanding portion of the nominal value. For this purpose,
the coupon yield on n-th coupon period is paid, where n –
ordinal number of the coupon period, on the date of payment
of which the early repayment of Commercial Papers issue is
performed. Write-off of Commercial Papers from custodial
accounts in the event of early repayment after performance by
the Issuer of all obligations to the Commercial Papers owners
on the coupon yield payment and nominal value of the
Commercial Papers.
Removal of the Certificate from storage is made after
writing off all Commercial Papers with NSD.
Period during which the bonds can be repaid early by
the issuer
If the Issuer takes a decision on early repayment at the
Issuer’s discretion, the Commercial Papers will be repaid
early on the date of the coupon period completion, which is
determined by the Issuer in the Issuer's decision on possibility
of early repayment of the Commercial Papers at the Issuer’s
discretion.
Early repayment beginning date:
certain part of the nominal value of the Commercial
Papers (hereinafter - the Date(s) of Partial Early
Repayment), as well as percentage of the nominal value
repayable on the date of expiry of the specified coupon
period.
Decision on partial early repayment of the
Commercial Papers at the discretion of the Issuer is taken
by the sole executive body of the Issuer.
Issuer shall notify the Exchange about the decision
taken on partial early repayment of the nominal value to
be repaid, and part of the nominal value remaining
outstanding, on the date of taking the respective decision.
If the decision on partial early repayment of the
Commercial Papers is taken, the purchase of the
Commercial Papers will constitute consent of the
purchaser of the Commercial Papers with the possibility
of their partial early repayment at the Issuer’s discretion.
Cost of partial early repayment of the Commercial
Papers at the Issuer’s discretion:
Procedure for determining the cost:
Partial early repayment of the Commercial Papers
at the discretion of the Issuer is carried out in the equal
percentage of the nominal value of the Commercial
Papers in respect of all Commercial Papers.
If the date of partial early repayment of the
Commercial Papers is a public holiday or day-off regardless of whether it is a national public holiday or a
day-off for settlement operations, transfer the proper
amount is carried out on the first business day following
the public holiday or day-off. Commercial Papers owner
has no right to demand interest accrual or any other
compensation for such a delay in payment.
Partial early repayment of the Commercial Papers
is made in the percentage of the nominal value of on
Commercial Paper which is defined by the Issuer before
the beginning of the Commercial Papers placement. For
this purpose, the coupon yield on the k-th coupon period is
paid, where k – ordinal number of the coupon period, at
the date of payment of which the partial early payment of
the Commercial Papers is carried out.
Order of definition of the coupon yield on the
Commercial Papers:
CY k = Ck * Nom * (T (k) - T(k -1)) / 365/100%
where
k – ordinal number of the coupon period, on the
date of expiry of which the decision of the Issuer stipulates
partial early repayment of the Commercial Papers, k = 1,
2, 3 ... 19;
CY k - coupon yield for each Commercial Paper for
the k-th coupon period, in rubles;
Nom - outstanding part of the nominal value of on
Commercial Paper, in rubles;
Ck – amount of interest rate of the k-th coupon, in
percent per annum;
T(k -1) – date of beginning of the (k)-th coupon
period (for the first coupon period, T(k) is the date of
commencement of the Commercial Papers placement);
T(k) - date of end of the k-th coupon period of the
Commercial Papers.
Amount of the coupon yield per one Commercial
Paper is calculated with the accuracy of one kopeck.
Date of the coupon period completion, which is
determined by the Issuer in the Issuer's decision on possibility
of early repayment of the Commercial Papers at the Issuer’s
discretion.
Early repayment completion date:
Dates of beginning and completion of the early
repayment of the Commercial Papers coincide.
Order of information disclosure on bonds early
repayment:
Information on taking by the Issuer of the decision on
early repayment of the Commercial Papers is published by
the Issuer in the form of notice on essential fact in
accordance with clause 11 of the Securities Issuance
Resolution and clause 2.9 of the Prospectus of Securities.
After early repayment by the Issuer of the Commercial
Papers, the Issuer publishes information on early repayment
of equity securities of the Issuer.
This information (including the number of repaid
Commercial Papers) is published in the form of notice on
essential fact in accordance with clause 11 of the Securities
Issuance Resolution and clause 2.9 of the Prospectus of
Securities.
Other terms of bonds early repayment: none.
B) Before the date of commencement of the
Commercial Papers placement, the Issuer has the right to
take a decision on partial early repayment of the Commercial
Papers on the date of expiration of the next coupon period(s).
In this case, the Issuer shall determine the number(s) of the
coupon period(s) on the date of expiry of which the Issuer
performs early repayment of a certain part of the nominal
value of the Commercial Papers (hereinafter - the Date(s) of
Partial Early Repayment), as well as percentage of the
nominal value repayable on the date of expiry of the specified
coupon period.
Decision on partial early repayment of the Commercial
Papers at the discretion of the Issuer is taken by the sole
executive body of the Issuer.
Issuer shall notify the Exchange about the decision
taken on partial early repayment of the nominal value to be
repaid, and part of the nominal value remaining outstanding,
on the date of taking the respective decision.
If the decision on partial early repayment of the
Commercial Papers is taken, the purchase of the Commercial
Papers will constitute consent of the purchaser of the
Commercial Papers with the possibility of their partial early
repayment at the Issuer’s discretion.
Cost of partial early repayment of the Commercial
Papers at the Issuer’s discretion:
Procedure for determining the cost:
Partial early repayment of the Commercial Papers at
the discretion of the Issuer is carried out in the equal
percentage of the nominal value of the Commercial Papers in
respect of all Commercial Papers.
If the date of partial early repayment of the
Commercial Papers is a public holiday or day-off regardless of whether it is a national public holiday or a dayoff for settlement operations, transfer the proper amount is
carried out on the first business day following the public
Rounding-off is performed using the mathematical
rounding-off rules. The rules of mathematical roundingoff should be understood as the method of rounding-off,
when the value of the whole kopeck (whole kopecks) does
not change if the first figure after the rounded-off one is in
the interval from 0 to 4 (inclusive), and increases by one if
the first figure after the rounded-off one is in the interval
from 5 to 9 (inclusive).
Partial early repayment of the Commercial Papers
and payment of the coupon yield on the Commercial
Papers in the event of their early partial repayment shall
be made in Russian rubles in the non-cash form.
Order partial early repayment of the Commercial
Papers at the issuer’s discretion:
Owners and other persons exercising, in
accordance with the federal laws, the rights on
Commercial Papers receive payments on the Commercial
Papers payments through the depositary registering the
rights to securities, at which they are bailors. Custody
agreement between the depositary registering rights to
securities and bailor must contain the order of transfer of
payments on securities to the bailor.
Issuer performs responsibility for partial early
repayment of the Commercial Papers by transferring
funds to NSD. This obligation is considered to be
performed by the Issuer as from the date of receipt of
funds with the NSD’s account.
Transfer payments on the Commercial Papers is
performed by the depositary to the person which is its
bailor:
1) at the end of the transaction day, which is prior
to the date defined in accordance with the document
certifying the rights fixed in the securities, and at which
the duty in respect to effecting payments on securities is
subject to execution;
2) at the end of the transaction date following the
date, at which NSD, in accordance with the effective laws,
disclosed information on receipt by NSD of transferrable
payments on securities if the duty of implementation of the
last payment on securities is not performed by the Issuer
within the established period or performed improperly.
Depositary transfers payments to its bailors on
securities pro rata to the quantity of the Commercial
Papers which were registered with their custodial
accounts at the end of the transaction day defined
according to the above-stated paragraph.
Early partial repayment of the Commercial Papers
is made in accordance with procedure established by the
requirements of the applicable Russian Federation laws.
Period (procedure for determining the period),
during which the Commercial Papers can be partially early
repaid by the Issuer at the Issuer's discretion:
Partial early repayment of the Commercial Papers
is permitted only after full payment of the Commercial
Papers.
Date of beginning of partial early repayment of the
Commercial Papers at the Issuer’s discretion is:
If the Issuer takes a decision on partial early
repayment at the Issuer’s discretion, the Commercial
Papers will be partially early repaid on the date of the
holiday or day-off. Commercial Papers owner has no right to
demand interest accrual or any other compensation for such
a delay in payment.
Partial early repayment of the Commercial Papers is
made in the percentage of the nominal value of on
Commercial Paper which is defined by the Issuer before the
beginning of the Commercial Papers placement. For this
purpose, the coupon yield on the k-th coupon period is paid,
where k – ordinal number of the coupon period, at the date of
payment of which the partial early payment of the
Commercial Papers is carried out.
Order of definition of the coupon yield on the
Commercial Papers:
CY k = Ck * Nom * (T (k) - T(k -1)) / 365/100%
where
k – ordinal number of the coupon period, on the date of
expiry of which the decision of the Issuer stipulates partial
early repayment of the Commercial Papers, k = 1, 2, 3 ... 19;
CY k - coupon yield for each Commercial Paper for the
k-th coupon period, in rubles;
Nom - outstanding part of the nominal value of on
Commercial Paper, in rubles;
Ck – amount of interest rate of the k-th coupon, in
percent per annum;
T(k -1) – date of beginning of the (k)-th coupon period
(for the first coupon period, T(k) is the date of commencement
of the Commercial Papers placement);
T(k) - date of end of the k-th coupon period of the
Commercial Papers.
Amount of the coupon yield per one Commercial Paper
is calculated with the accuracy of one kopeck. Rounding-off is
performed using the mathematical rounding-off rules. The
rules of mathematical rounding-off should be understood as
the method of rounding-off, when the value of the whole
kopeck (whole kopecks) does not change if the first figure
after the rounded-off one is in the interval from 0 to 4
(inclusive), and increases by one if the first figure after the
rounded-off one is in the interval from 5 to 9 (inclusive).
Partial early repayment of the Commercial Papers and
payment of the coupon yield on the Commercial Papers in the
event of their early partial repayment shall be made in
Russian rubles in the non-cash form.
Order partial early repayment of the Commercial
Papers at the issuer’s discretion:
Owners and other persons exercising, in accordance
with the federal laws, the rights on Commercial Papers
receive payments on the Commercial Papers payments
through the depositary registering the rights to securities, at
which they are bailors. Custody agreement between the
depositary registering rights to securities and bailor must
contain the order of transfer of payments on securities to the
bailor.
Issuer performs responsibility for partial early
repayment of the Commercial Papers by transferring funds to
NSD. This obligation is considered to be performed by the
Issuer as from the date of receipt of funds with the NSD’s
account.
Transfer payments on the Commercial Papers is
performed by the depositary to the person which is its bailor:
1) at the end of the transaction day, which is prior to
the date defined in accordance with the document certifying
completion of the coupon period(s), which are defined by
the decision of the authorized management body of the
Issuer before the date of commencement of the
Commercial Papers placement.
Date of completion of the partial early repayment
of the Commercial Papers at the Issuer’s discretion:
Dates of beginning and completion of the partial
early repayment of the Commercial Papers coincide.
Order of information disclosure by the issuer on
partial early repayment of the Commercial Papers at the
Issuer’s discretion:
Information on taking by the Issuer of the decision
on partial early repayment of the Commercial Papers is
published by the Issuer in the form of notice on essential
fact in accordance with clause 11 of the Securities
Issuance Resolution and clause 2.9 of the Prospectus of
Securities.
After partial early repayment by the Issuer of the
Commercial Papers, the Issuer publishes information on
the period of the obligations performance in the form of
notices on essential facts "on repayment of equity
securities of the issuer" and "on the accrued and (or) paid
yield on the equity securities of the issuer," as well as "on
occurrence and (or) termination of the right of the owners
of the issuer’s bonds to demand from the issuer the early
repayment of the bonds belonging to them" in accordance
with clause 11 of the Securities Issuance Resolution and
clause 2.9 of the Prospectus of Securities. This notice must
include information on the number of partial early repaid
Commercial Papers.
Other terms of early repayment of the bonds: none.
C) Issuer has the right to take a decision on early
repayment of the Commercial Papers on the date of the
end of the k-th coupon period (k <20), preceding the
coupon period, the interest rate on which will be
determined after the full payment of the Commercial
Papers.
Decision on early repayment of the Commercial
Papers at the discretion of the Issuer is taken by the sole
executive body of the Issuer and disclosed no later than 14
(Fourteen) days before the date of the end of the k-th
coupon period (k <20) - the date of early repayment of
Commercial Papers. Early repayment of the Commercial
Papers at the discretion of the Issuer is carried out in
respect of all Commercial Papers. Acquisition of the
Commercial Papers means consent of the Commercial
Papers purchaser with the possibility of their early
repayment at the Issuer’s discretion.
Issuer informs the Exchange and NSD on the
decision taken on early repayment of the Commercial
Papers at the Issuer’s discretion, including the date and
terms of holding early repayment, no later than 1 (One)
business day after the date of drawing up the relevant
minutes/ order of the Issuer’s authorized management
body.
Besides, the Issuer, not later than 14 (Fourteen)
days prior to the date on which the early repayment of the
commercial Papers at the Issuer’s discretion is possible,
the rights fixed in the securities, and at which the duty in
respect to effecting payments on securities is subject to
execution;
2) at the end of the transaction date following the date,
at which NSD, in accordance with the effective laws,
disclosed information on receipt by NSD of transferrable
payments on securities if the duty of implementation of the
last payment on securities is not performed by the Issuer
within the established period or performed improperly.
Depositary transfers payments to its bailors on
securities pro rata to the quantity of the Commercial Papers
which were registered with their custodial accounts at the end
of the transaction day defined according to the above-stated
paragraph.
Early partial repayment of the Commercial Papers is
made in accordance with procedure established by the
requirements of the applicable Russian Federation laws.
Period (procedure for determining the period), during
which the Commercial Papers can be partially early repaid by
the Issuer at the Issuer's discretion:
Partial early repayment of the Commercial Papers is
permitted only after full payment of the Commercial Papers.
Date of beginning of partial early repayment of the
Commercial Papers at the Issuer’s discretion is:
If the Issuer takes a decision on partial early
repayment at the Issuer’s discretion, the Commercial Papers
will be partially early repaid on the date of the completion of
the coupon period(s), which are defined by the decision of the
authorized management body of the Issuer before the date of
commencement of the Commercial Papers placement.
Date of completion of the partial early repayment of
the Commercial Papers at the Issuer’s discretion:
Dates of beginning and completion of the partial early
repayment of the Commercial Papers coincide.
Order of information disclosure by the issuer on partial
early repayment of the Commercial Papers at the Issuer’s
discretion:
Information on taking by the Issuer of the decision on
partial early repayment of the Commercial Papers is
published by the Issuer in the form of notice on essential fact
in accordance with clause 11 of the Securities Issuance
Resolution and clause 2.9 of the Prospectus of Securities.
After partial early repayment by the Issuer of the
Commercial Papers, the Issuer publishes information on the
period of the obligations performance in the form of notices
on essential facts "on repayment of equity securities of the
issuer" and "on the accrued and (or) paid yield on the equity
securities of the issuer," as well as "on occurrence and (or)
termination of the right of the owners of the issuer’s bonds to
demand from the issuer the early repayment of the bonds
belonging to them" in accordance with clause 11 of the
Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities. This notice must include information
on the number of partial early repaid Commercial Papers.
Other terms of early repayment of the bonds: none.
C) Issuer has the right to take a decision on early
shall send a notice to the Exchange and NSD to the effect
that the Issuer took the decision on early repayment of the
Commercial Papers on the date, on which early
repayment of the Commercial Papers at the Issuer’s
discretion is possible.
Cost of early repayment of the Commercial Papers
at the issuer’s discretion:
Procedure for determining the cost:
Commercial Papers are repaid early on the
outstanding part of the nominal value. For this purpose,
the coupon yield is paid for the respective coupon period.
CY k = Ck * Nom * (T(k) - T(k -1)) / 365/100%
where
k – ordinal number of the coupon period, on the
date of expiry of which the decision of the Issuer stipulates
partial early repayment of the Commercial Papers, k = 1,
2, 3 ... 19;
CY k - coupon yield for each Commercial Paper for
the k-th coupon period, in rubles;
Nom - outstanding part of the nominal value of on
Commercial Paper, in rubles;
Ck – amount of interest rate of the k-th coupon, in
percent per annum;
T(k -1) – date of beginning of the (k)-th coupon
period (for the first coupon period, T(k) is the date of
commencement of the Commercial Papers placement);
T(k) - date of end of the k-th coupon period of the
Commercial Papers.
Amount of the coupon yield per one Commercial
Paper is calculated with the accuracy of one kopeck.
Rounding-off is performed using the mathematical
rounding-off rules. The rules of mathematical roundingoff should be understood as the method of rounding-off,
when the value of the whole kopeck (whole kopecks) does
not change if the first figure after the rounded-off one is in
the interval from 0 to 4 (inclusive), and increases by one if
the first figure after the rounded-off one is in the interval
from 5 to 9 (inclusive).
If the date of early repayment of the Commercial
Papers is a public holiday or day-off - regardless of
whether it is a national public holiday or day-off for
settlement operations, transfer of the proper amount is
made on the first business day following the public
holiday or day-off. Commercial Papers owner has no
right to demand interest accrual or any other
compensation for such a delay in payment.
Procedure for early repayment of the Commercial
Papers at the Issuer’s discretion:
Early repayment of Commercial Papers is made in
money in the no-cash form in the currency of the Russian
Federation. Owners of the Commercial Papers have no
possibility to choose the form of the Commercial Papers
repayment.
Payment of the outstanding part of the nominal
value and coupon yield on the Commercial Papers at their
early repayment is made in the currency of the Russian
Federation in the non-cash form.
Drawing up of a list of bond owners for
performance by the Issuer of obligations on early
repayment of the Commercial Papers is not stipulated.
repayment of the Commercial Papers on the date of the end of
the k-th coupon period (k <20), preceding the coupon period,
the interest rate on which will be determined after the full
payment of the Commercial Papers.
Decision on early repayment of the Commercial
Papers at the discretion of the Issuer is taken by the sole
executive body of the Issuer and disclosed no later than 14
(Fourteen) days before the date of the end of the k-th coupon
period (k <20) - the date of early repayment of Commercial
Papers. Early repayment of the Commercial Papers at the
discretion of the Issuer is carried out in respect of all
Commercial Papers. Acquisition of the Commercial Papers
means consent of the Commercial Papers purchaser with the
possibility of their early repayment at the Issuer’s discretion.
Issuer informs the Exchange and NSD on the decision
taken on early repayment of the Commercial Papers at the
Issuer’s discretion, including the date and terms of holding
early repayment, no later than 1 (One) business day after the
date of drawing up the relevant minutes/ order of the Issuer’s
authorized management body.
Besides, the Issuer, not later than 14 (Fourteen) days
prior to the date on which the early repayment of the
commercial Papers at the Issuer’s discretion is possible, shall
send a notice to the Exchange and NSD to the effect that the
Issuer took the decision on early repayment of the
Commercial Papers on the date, on which early repayment of
the Commercial Papers at the Issuer’s discretion is possible.
Cost of early repayment of the Commercial Papers at
the issuer’s discretion:
Procedure for determining the cost:
Commercial Papers are repaid early on the
outstanding part of the nominal value. For this purpose, the
coupon yield is paid for the respective coupon period.
CY k = Ck * Nom * (T(k) - T(k -1)) / 365/100%
where
k – ordinal number of the coupon period, on the date of
expiry of which the decision of the Issuer stipulates partial
early repayment of the Commercial Papers, k = 1, 2, 3 ... 19;
CY k - coupon yield for each Commercial Paper for the
k-th coupon period, in rubles;
Nom - outstanding part of the nominal value of on
Commercial Paper, in rubles;
Ck – amount of interest rate of the k-th coupon, in
percent per annum;
T(k -1) – date of beginning of the (k)-th coupon period
(for the first coupon period, T(k) is the date of commencement
of the Commercial Papers placement);
T(k) - date of end of the k-th coupon period of the
Commercial Papers.
Amount of the coupon yield per one Commercial Paper
is calculated with the accuracy of one kopeck. Rounding-off is
performed using the mathematical rounding-off rules. The
rules of mathematical rounding-off should be understood as
the method of rounding-off, when the value of the whole
kopeck (whole kopecks) does not change if the first figure
after the rounded-off one is in the interval from 0 to 4
(inclusive), and increases by one if the first figure after the
rounded-off one is in the interval from 5 to 9 (inclusive).
If the date of early repayment of the Commercial
Papers is a public holiday or day-off - regardless of whether
it is a national public holiday or day-off for settlement
Owners and other persons exercising, in
accordance with the federal laws, the rights on
Commercial Papers receive payments on the Commercial
Papers payments through the depositary registering the
rights to securities, at which they are bailors. Custody
agreement between the depositary registering rights to
securities and bailor must contain the order of transfer of
payments on securities to the bailor.
Issuer performs responsibility for early repayment
of the Commercial Papers by transferring funds to NSD.
This obligation is considered to be performed by the
Issuer as from the date of receipt of funds with the NSD’s
account.
Transfer payments on the Commercial Papers is
performed by the depositary to the person which is its
bailor:
1) at the end of the transaction day, which is prior
to the date defined in accordance with the document
certifying the rights fixed in the securities, and at which
the duty in respect to effecting payments on securities is
subject to execution;
2) at the end of the transaction date following the
date, at which NSD, in accordance with the effective laws,
disclosed information on receipt by NSD of transferrable
payments on securities if the duty of implementation of the
last payment on securities is not performed by the Issuer
within the established period or performed improperly.
Depositary transfers payments to its bailors on
securities pro rata to the quantity of the Commercial
Papers which were registered with their custodial
accounts at the end of the transaction day defined
according to the above-stated paragraph.
Early repayment of the Commercial Papers is made
in accordance with procedure established by the
requirements of the applicable Russian Federation laws.
Write-off of Commercial Papers from custodial
accounts in the event of early repayment is made after
performance by the Issuer of all obligations to the
Commercial Papers owners on coupon yield payment and
the nominal value of the Commercial Papers.
Removal of the Certificate from storage is made
after writing-off all Commercial Papers from the accounts
with NSD.
Period (procedure for determining the period),
during which the Commercial Papers can be early repaid
by the Issuer at the Issuer's discretion:
Early repayment of the Commercial Papers is
permitted after full payment of the Commercial Papers
only.
Date of beginning of early repayment of the
Commercial Papers at the Issuer’s discretion is:
If the Issuer takes a decision on early repayment at
the Issuer’s discretion, the Commercial Papers will be
early repaid on the date of the completion of the coupon
period k, which is defined by the decision of the
authorized management body of the Issuer.
Date of completion of the early repayment of the
Commercial Papers at the Issuer’s discretion:
Dates of beginning and completion of the early
repayment of the Commercial Papers coincide.
operations, transfer of the proper amount is made on the first
business day following the public holiday or day-off.
Commercial Papers owner has no right to demand interest
accrual or any other compensation for such a delay in
payment.
Procedure for early repayment of the Commercial
Papers at the Issuer’s discretion:
Early repayment of Commercial Papers is made in
money in the no-cash form in the currency of the Russian
Federation. Owners of the Commercial Papers have no
possibility to choose the form of the Commercial Papers
repayment.
Payment of the outstanding part of the nominal value
and coupon yield on the Commercial Papers at their early
repayment is made in the currency of the Russian Federation
in the non-cash form.
Drawing up of a list of bond owners for performance
by the Issuer of obligations on early repayment of the
Commercial Papers is not stipulated.
Owners and other persons exercising, in accordance
with the federal laws, the rights on Commercial Papers
receive payments on the Commercial Papers payments
through the depositary registering the rights to securities, at
which they are bailors. Custody agreement between the
depositary registering rights to securities and bailor must
contain the order of transfer of payments on securities to the
bailor.
Issuer performs responsibility for early repayment of
the Commercial Papers by transferring funds to NSD. This
obligation is considered to be performed by the Issuer as from
the date of receipt of funds with the NSD’s account.
Transfer payments on the Commercial Papers is
performed by the depositary to the person which is its bailor:
1) at the end of the transaction day, which is prior to
the date defined in accordance with the document certifying
the rights fixed in the securities, and at which the duty in
respect to effecting payments on securities is subject to
execution;
2) at the end of the transaction date following the date,
at which NSD, in accordance with the effective laws,
disclosed information on receipt by NSD of transferrable
payments on securities if the duty of implementation of the
last payment on securities is not performed by the Issuer
within the established period or performed improperly.
Depositary transfers payments to its bailors on
securities pro rata to the quantity of the Commercial Papers
which were registered with their custodial accounts at the end
of the transaction day defined according to the above-stated
paragraph.
Early repayment of the Commercial Papers is made in
accordance with procedure established by the requirements
of the applicable Russian Federation laws.
Write-off of Commercial Papers from custodial
accounts in the event of early repayment is made after
performance by the Issuer of all obligations to the
Commercial Papers owners on coupon yield payment and the
nominal value of the Commercial Papers.
Removal of the Certificate from storage is made after
writing-off all Commercial Papers from the accounts with
NSD.
Period (procedure for determining the period), during
Order of information disclosure on early repayment
of the Commercial Papers at the Issuer’s discretion:
Information on taking by the Issuer of the decision
on early repayment of the Commercial Papers is
published by the Issuer in the form of notice on essential
fact in accordance with clause 11 of the Securities
Issuance Resolution and clause 2.9 of the Prospectus of
Securities.
After early repayment by the Issuer of the
Commercial Papers, the Issuer publishes information on
the period of the obligations performance in the form of
notices on essential facts "on repayment of equity
securities of the issuer" and "on the accrued and (or) paid
yield on the equity securities of the issuer," as well as "on
occurrence and (or) termination of the right of the owners
of the issuer’s bonds to demand from the issuer the early
repayment of the bonds belonging to them" in accordance
with clause 11 of the Securities Issuance Resolution and
clause 2.9 of the Prospectus of Securities.
Other terms of early repayment of the bonds: none.
which the Commercial Papers can be early repaid by the
Issuer at the Issuer's discretion:
Early repayment of the Commercial Papers is
permitted after full payment of the Commercial Papers only.
Date of beginning of early repayment of the
Commercial Papers at the Issuer’s discretion is:
If the Issuer takes a decision on early repayment at the
Issuer’s discretion, the Commercial Papers will be early
repaid on the date of the completion of the coupon period k,
which is defined by the decision of the authorized
management body of the Issuer.
Date of completion of the early repayment of the
Commercial Papers at the Issuer’s discretion:
Dates of beginning and completion of the early
repayment of the Commercial Papers coincide.
Order of information disclosure on early repayment of
the Commercial Papers at the Issuer’s discretion:
Information on taking by the Issuer of the decision on
early repayment of the Commercial Papers is published by
the Issuer in the form of notice on essential fact in
accordance with clause 11 of the Securities Issuance
Resolution and clause 2.9 of the Prospectus of Securities.
After early repayment by the Issuer of the Commercial
Papers, the Issuer publishes information on the period of the
obligations performance in the form of notices on essential
facts "on repayment of equity securities of the issuer" and "on
the accrued and (or) paid yield on the equity securities of the
issuer," as well as "on occurrence and (or) termination of the
right of the owners of the issuer’s bonds to demand from the
issuer the early repayment of the bonds belonging to them" in
accordance with clause 11 of the Securities Issuance
Resolution and clause 2.9 of the Prospectus of Securities.
Other terms of early repayment of the bonds: none.
To change paragraphs “A: Commercial Papers of series BО-04”, “B: Commercial Papers of series BО-05”, “C:
Commercial Papers of series BО-06”, “D: Commercial Papers of series BО-07”, “E: Commercial Papers of series
BО-08”, “F: Commercial Papers of series BО-09”, “G: Commercial Papers of series BО-10”, clause 9.1.
“Information on placed securities”, subclause 9.1.2. “Additional information on placed bonds”, sub-subclause d):
Text of the version to be changed:
Text of the new version, including changes:
For the Commercial Papers of series BO-04:
For the Commercial Papers of series BO-04, BO-05,
Possibility of purchase by the Issuer of the BO-06, BO-07, BO-08, BO-09, BO-10:
Commercial Papers as agreed with their owner (owners)
Possibility of purchase by the Issuer of the Commercial
and obligation of the Issuer to purchase the Commercial Papers as agreed with their owner (owners) and obligation of
Papers based on the demand of their owner (owners) with the Issuer to purchase the Commercial Papers based on the
the possibility of their subsequent circulation are demand of their owner (owners) with the possibility of their
stipulated. Purchase of the Commercial Papers is subsequent circulation are stipulated. Purchase of the
permitted after their full payment only. The Issuer has the Commercial Papers is permitted after their full payment only.
right to purchase the Commercial Papers of this issue by The Issuer has the right to purchase the Commercial Papers
way of entering into transactions involving the purchase of this issue by way of entering into transactions involving the
of the Commercial Papers with the owners of the purchase of the Commercial Papers with the owners of the
Commercial Papers in accordance with the Russian Commercial Papers in accordance with the Russian
Federation laws, including on the basis of public Federation laws, including on the basis of public irrevocable
irrevocable offers of the Issuer which are published in the offers of the Issuer which are published in the Newswire.
Newswire.
For the purposes of this clause, the following definition
For the purposes of this clause, the following is introduced:
definition is introduced:
Purchase Agent – Participant in a bidding process
Purchase Agent – Participant in a bidding process
authorized by the Issuer to purchase the Commercial
Papers.
Underwriter is Purchase Agent.
Sole executive body of the Issuer may appoint other
Purchase Agents and terminate such appointments.
Information on the appointment of Purchase Agents
for the Commercial Papers and cancellation of such
appointments is disclosed by the Issuer in the form of a
notice on essential fact in accordance with clause 11 of
Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities.
1. Purchase of the Commercial Papers by the Issuer
on demand of their owner (owners):
Issuer shall ensure the right of the Commercial
Papers owners to demand from the Issuer the purchase of
the Commercial Papers during the last 5 (Five) calendar
days of the coupon period preceding the coupon period, in
respect of which the coupon amount or the procedure for
determining the coupon amount is determined by the
Issuer after the full payment of the Commercial Papers
(hereinafter - the "Period of Presentation of the
Commercial Papers for Purchase by the Issuer").
Commercial Papers owners have the right to demand from
the Issuer the purchase of the Commercial Papers in the
cases described in clause 9.3.1 of the Securities Issuance
Resolution and clause 9.1.2. of the Prospectus of
Securities.
If the amount of the coupon rates or the procedure
for determining the coupon rates is determined by the
authorized management body of the Issuer after the full
payment of the Commercial Papers simultaneously on
several coupon periods, the Issuer is obliged to purchase
the Commercial Papers under demands of their owners,
which are declared during the last 5 (Five) calendar days
of the coupon period preceding the coupon period, in
respect of which the Issuer determines the specified
coupon rates or procedure for determining coupon rates
simultaneously with other coupon periods, and which
comes first. Purchase of the Commercial Papers before
other coupon periods, in respect of which such amount or
procedure for determining the coupon amount on the
Commercial Papers in this case is not required.
Information about purchase of the Commercial
Papers on demand of their owners is disclosed
simultaneously with the information on the defined coupon
rate:
Information on the coupon rates of the Commercial
Papers determined by the Issuer, starting with the second
one, is brought to potential buyers by way of disclosing in
the notice on essential fact in the manner and time
specified in clause 9.3.1 of the Securities Issuance
Resolution and clause 9.1.2 of the Prospectus of
Securities.
For the purposes of this clause, the following
definitions are introduced:
(i-1) - number of the coupon period, in which the
owners have the right to demand from the Issuer the
purchase of the Commercial Papers.
i - number of the coupon period, in which the
coupon or procedure for determining the coupon is
authorized by the Issuer to purchase the Commercial Papers.
Underwriter is Purchase Agent.
Sole executive body of the Issuer may appoint other
Purchase Agents and terminate such appointments.
Information on the appointment of Purchase Agents for
the Commercial Papers and cancellation of such
appointments is disclosed by the Issuer in the form of a notice
on essential fact in accordance with clause 11 of Securities
Issuance Resolution and clause 2.9 of the Prospectus of
Securities.
If at the moment of performance of certain actions
related with the purchase of the Commercial Papers, the
Russian Federation laws and / or regulations in the financial
markets sector establish the conditions, procedures and (or)
rules (requirements), which are different from those
contained in this clause, but at the same time applying to this
issue of the Commercial Papers proceeding from the date of
assigning identification number to it, the purchase of the
Commercial Papers will be carried out subject to the
requirements of the Russian Federation laws and / or
regulations in the financial markets sector existing at the
moment of performance of the relevant actions.
Issuer, prior to the maturity, is entitled to repay early
the Commercial Papers purchased by it. The Commercial
Papers purchased by the Issuer, repaid by it early, cannot be
re-issued into circulation. The provisions of the Securities
Issuance Resolution and Prospectus for early repayment of
the Commercial Papers at the discretion of the Issuer do not
apply to the early repayment of the Commercial Papers
purchased by the Issuer.
1. Purchase of the Commercial Papers by the Issuer on
demand of their owner (owners):
Issuer shall ensure the right of the Commercial Papers
owners to demand from the Issuer the purchase of the
Commercial Papers during the last 5 (Five) business days of
the coupon period preceding the coupon period, in respect of
which the coupon amount or the procedure for determining
the coupon amount is determined by the Issuer after the full
payment of the Commercial Papers (hereinafter - the "Period
of Presentation of the Commercial Papers for Purchase by
the Issuer"). Commercial Papers owners have the right to
demand from the Issuer the purchase of the Commercial
Papers in the cases described in clause 9.3.1 of the Securities
Issuance Resolution and clause 9.1.2. of the Prospectus of
Securities.
If the amount of the coupon rates or the procedure for
determining the coupon rates is determined by the authorized
management body of the Issuer after the full payment of the
Commercial Papers simultaneously on several coupon
periods, the Issuer is obliged to purchase the Commercial
Papers under demands of their owners, which are declared
during the last 5 (Five) business days of the coupon period
preceding the coupon period, in respect of which the Issuer
determines the specified coupon rates or procedure for
determining coupon rates simultaneously with other coupon
periods, and which comes first. Purchase of the Commercial
Papers before other coupon periods, in respect of which such
amount or procedure for determining the coupon amount on
the Commercial Papers in this case is not required.
Information about purchase of the Commercial Papers
on demand of their owners is disclosed simultaneously with
determined by the Issuer after the full payment of the
Commercial Papers.
Procedure and conditions for the purchase by the
Issuer of the Commercial Papers on the demand of the
Commercial Papers owners:
1) Owner of Commercial Papers which is the
Participant in a bidding process acts independently. If the
owner of the Commercial Papers is not Participant in a
bidding process, it enters into a respective agreement with
any broker which is Participant in a bidding process, and
gives it the instruction to take all necessary actions for
sale of the Commercial Papers to the Issuer. Participant
in a bidding process acting for and on behalf of the
owners of the Commercial Papers, as well as acting on its
own behalf and at its own expense, is hereinafter referred
to as the "Holder" or "Holder of the Commercial Papers."
2) during the Period of Presentation of the
Commercial Papers for Purchase by the Issuer, the
Holder of the Commercial Papers must give to the Issuer's
Agent a notice in writing of its intention to sell a certain
number of the Commercial Papers (hereinafter - the
"Notice"). The Notice shall be signed by the authorized
person of the Holder of the Commercial Papers. Those
Notices are met only, which have been duly executed and
actually received by the Agent of the Issuer during the
Period of Presentation of the Commercial Papers for
Purchase by the Issuer. Regardless of the date of sending
the Notice, the presentations of the Commercial Papers
received by the Agent of the Issuer upon the end of the
Period of Presentation of the Commercial Papers for
Purchase by the Issuer shall not be met.
Notice must be issued on the letterhead of the
Holder under the following form:
"____________________ (full name of the Holder
of the Bonds) announces hereby its intention to sell to JSC
"MOESK" the interest-bearing certified non-convertible
bearer commercial papers with the compulsory
centralized storage of series BO-04, identification number
____________ belonging to __________________ (full
name of the owner of the Commercial Papers) in
accordance with the terms of the Prospectus of Securities
and Securities Issuance Resolution.
_________________________________________
_______________________________________
Full name of the Holder:
_________________________________________
_______________________________________
Quantity of the Commercial Papers offered for sale
(in figures and words)
_________________________________________
_______________________________________
Signature, Seal of the Holder."
3) after transfer of the Notice, the Holder of the
Commercial Papers submits a targeted application for the
sale of the number of the Commercial Papers indicated in
the Notice to the Exchange Bidding System in accordance
with its Bidding Rules in respect of the securities and
the information on the defined coupon rate:
Information on the coupon rates of the Commercial
Papers determined by the Issuer, starting with the second
one, is brought to potential buyers by way of disclosing in the
notice on essential fact in the manner and time specified in
clause 9.3.1 of the Securities Issuance Resolution and clause
9.1.2 of the Prospectus of Securities.
For the purposes of this clause, the following
definitions are introduced:
(i-1) - number of the coupon period, in which the
owners have the right to demand from the Issuer the purchase
of the Commercial Papers.
i - number of the coupon period, in which the coupon
or procedure for determining the coupon is determined by the
Issuer after the full payment of the Commercial Papers.
Procedure and conditions for the purchase by the Issuer
of the Commercial Papers on the demand of the Commercial
Papers owners:
1) Owner of Commercial Papers which is the
Participant in a bidding process acts independently. If the
owner of the Commercial Papers is not Participant in a
bidding process, it enters into a respective agreement with
any broker which is Participant in a bidding process, and
gives it the instruction to take all necessary actions for sale of
the Commercial Papers to the Issuer. Participant in a bidding
process acting for and on behalf of the owners of the
Commercial Papers, as well as acting on its own behalf and
at its own expense, is hereinafter referred to as the "Holder"
or "Holder of the Commercial Papers."
2) during the Period of Presentation of the
Commercial Papers for Purchase by the Issuer, the Holder of
the Commercial Papers must give to the Issuer's Agent a
notice in writing of its intention to sell a certain number of the
Commercial Papers (hereinafter - the "Notice"). The Notice
shall be signed by the authorized person of the Holder of the
Commercial Papers. Those Notices are met only, which have
been duly executed and actually received by the Agent of the
Issuer during the Period of Presentation of the Commercial
Papers for Purchase by the Issuer. Regardless of the date of
sending the Notice, the presentations of the Commercial
Papers received by the Agent of the Issuer upon the end of the
Period of Presentation of the Commercial Papers for
Purchase by the Issuer shall not be met.
Notice must be issued on the letterhead of the Holder
under the following form:
"____________________ (full name of the Holder of
the Commercial Papers) announces hereby its intention to
sell to JSC "MOESK" the interest-bearing certified nonconvertible bearer commercial papers with the compulsory
centralized storage of series _____, identification number
____________ belonging to __________________ (full name
of the owner of the Commercial Papers) in accordance with
the terms of the Prospectus of Securities and Securities
Issuance Resolution.
____________________________________________
____________________________________
Full name of the Holder:
____________________________________________
____________________________________
other regulations governing the conduct of bidding in
securities at the Exchange (hereinafter - "Bidding Rules"),
addressed to the Agent of the Issuer which was
Participant in a bidding process of the Exchange,
indicating the Commercial Papers Purchase Price (as
defined below). This application shall be presented by the
Holder to the Bidding System from 11:00 to 13:00,
Moscow time, on the Date of Commercial Papers
Purchase.
Date of Commercial Papers Purchase is
determined as the second business day after the date of
beginning of the i-th coupon period on the Commercial
Papers; Commercial Papers Purchase Price is defined as
100 (One hundred) percent of the outstanding part of the
nominal value of the Commercial Papers. For this
purpose, the accumulated coupon yield is paid
additionally, which is calculated at the Date of the
Commercial Papers Purchase.
Outstanding part of the nominal value of the
Commercial Paper is defined as the difference between
the nominal value of one Commercial Paper and its part
repaid in the process of partial early repayment of
Commercial Papers (if the decision on partial early
repayment is made by the Issuer in accordance with
clause 9.5 of Securities Issuance Resolution and clause
9.1.2 of the Prospectus of Securities).
4) Transactions on purchase by the Issuer of the
Commercial Papers from the Holders of the Commercial
Papers are made at the Exchange in accordance with the
Bidding Rules.
Issuer undertakes, in the period from 14:00 through
16:00, Moscow time, on the Date of the Commercial
Papers Purchase by the Issuer, to submit through the
Agent the counter targeted applications to the
applications of the Holders of the Commercial Papers,
from which the Agent of the Issuer received Notices
submitted in accordance with subclause 2) of clause 10.1
of the Securities Issuance Resolution and subclause d) of
clause 9.1.2 of the Prospectus of Securities and being in
the Exchange Bidding System by the time of completion of
the transaction.
Issuer is obliged to purchase all Commercial
Papers, the applications for the purchase of which were
received from the owners / holders of the Commercial
Papers within the period set forth by the Securities
Issuance Resolution and Prospectus of Securities.
Taking by the Issuer’s authorized management
body of the resolution to purchase the Commercial Papers
is not required, since the order of purchase of the
Commercial Papers by the Issuer on the demand of their
owners is set forth in the Securities Issuance Resolution
and the Prospectus of Securities.
Possibility of appointment by the Issuer’s
authorized management body of other Purchase Agents
for the Commercial Papers and termination of such
appointments is stipulated.
Information on the appointment of Purchase Agents
for the Commercial Papers and cancellation of such
appointments is disclosed by the Issuer in the form of a
notice on essential fact in accordance with clause 11 of
Securities Issuance Resolution and clause 2.9 of the
Quantity of the Commercial Papers offered for sale (in
figures and words)
____________________________________________
____________________________________
Signature, Seal of the Holder."
3) after transfer of the Notice, the Holder of the
Commercial Papers submits a targeted application for the
sale of the number of the Commercial Papers indicated in the
Notice to the Exchange Bidding System in accordance with its
Bidding Rules in respect of the securities and other
regulations governing the conduct of bidding in securities at
the Exchange (hereinafter - "Bidding Rules"), addressed to
the Agent of the Issuer which was Participant in a bidding
process of the Exchange, indicating the Commercial Papers
Purchase Price (as defined below). This application shall be
presented by the Holder to the Bidding System from 11:00 to
13:00, Moscow time, on the Date of Commercial Papers
Purchase.
Date of Commercial Papers Purchase is determined as
the second business day after the date of beginning of the i-th
coupon period on the Commercial Papers; Commercial
Papers Purchase Price is defined as 100 (One hundred)
percent of the outstanding part of the nominal value of the
Commercial Papers. For this purpose, the accumulated
coupon yield is paid additionally, which is calculated at the
Date of the Commercial Papers Purchase.
Outstanding part of the nominal value of the
Commercial Paper is defined as the difference between the
nominal value of one Commercial Paper and its part repaid
in the process of partial early repayment of Commercial
Papers (if the decision on partial early repayment is made by
the Issuer in accordance with clause 9.5 of Securities
Issuance Resolution and clause 9.1.2 of the Prospectus of
Securities).
4) Transactions on purchase by the Issuer of the
Commercial Papers from the Holders of the Commercial
Papers are made at the Exchange in accordance with the
Bidding Rules.
Issuer undertakes, in the period from 14:00 through
16:00, Moscow time, on the Date of the Commercial Papers
Purchase by the Issuer, to submit through the Agent the
counter targeted applications to the applications of the
Holders of the Commercial Papers, from which the Agent of
the Issuer received Notices submitted in accordance with
subclause 2) of clause 10.1 of the Securities Issuance
Resolution and subclause d) of clause 9.1.2 of the Prospectus
of Securities and being in the Exchange Bidding System by
the time of completion of the transaction.
Issuer is obliged to purchase all Commercial Papers,
the applications for the purchase of which were received from
the owners / holders of the Commercial Papers within the
period set forth by the Securities Issuance Resolution and
Prospectus of Securities.
Taking by the Issuer’s authorized management body of
the resolution to purchase the Commercial Papers is not
required, since the order of purchase of the Commercial
Papers by the Issuer on the demand of their owners is set
forth in the Securities Issuance Resolution and the Prospectus
of Securities.
Prospectus of Securities.
Taking by the Issuer of separate resolutions to
purchase the Commercial Papers on demand of their
owners is not required.
2. Purchase of the Commercial Papers by the Issuer
under agreement with the owner (owners):
Securities Issuance Resolution and Prospectus of
Securities provide for the possibility of purchase of the
Commercial Papers by the Issuer under agreement with
their owner (owners) with possibility of their subsequent
circulation. The Issuer has the right to purchase the
Commercial Papers by way of entering into contracts for
the purchase of the Commercial Papers in accordance
with the Russian Federation laws, including on the basis
of public irrevocable offers of the Issuer, which are
published in the Newswire. The resolution on purchase of
the Commercial Papers, including on the basis of public
irrevocable offers, is made by the authorized management
body of the Issuer. When making this resolution, the
authorized management body of the Issuer must set the
conditions, procedures and terms of purchase of the
Commercial Papers, which will be published in the
Newswire and on the website no later than 7 (Seven) days
prior to the commencement of the acceptance of the offer
to purchase the Commercial Papers. For this purpose, the
period for the purchase of the Commercial Papers cannot
occur before the full payment of the Commercial Papers.
Purchase of the Commercial Papers under
agreement with their owner (owners) with possibility of
subsequent circulation is carried out in the following
order:
a) Resolution on purchase of the Commercial
Papers is taken by the Issuer’s authorized management
body subject to the provisions of the Securities Issuance
Resolution, Securities Prospectus and Charter of the
Issuer.
b) In accordance with the terms, conditions and
order of the purchase of the Commercial Papers,
published in the Newswire and on the website, the Issuer
purchases the Commercial Papers from the owners of the
Commercial Papers by way of entering into transactions
of purchase of the Commercial Papers using the Exchange
Bidding System. Owner of the Commercial Papers which
is Participant in a bidding process of the Exchange and
wishing to sell the Commercial Papers to the Issuer shall
act independently. If the owner of the Commercial Papers
is not Participant in a bidding process of the Exchange, it
may enter into a respective agreement with any
Participant in a bidding process of the Exchange, and give
it the instruction to sell the Commercial Papers to the
Issuer.
Holder of the Commercial Papers within the time
specified in the published notice of the purchase of the
Commercial Papers shall deliver to the Issuer’s Agent the
Notice of the intent to sell a certain number of the
Commercial Papers to the Issuer on the terms stated in the
published notice of the purchase of the Commercial
Papers. The said Notice shall be signed by the authorized
person of the Holder of the Commercial Papers and
contain information on the full name of the Holder, series
Possibility of appointment by the Issuer’s authorized
management body of other Purchase Agents for the
Commercial Papers and termination of such appointments is
stipulated.
Information on the appointment of Purchase Agents for
the Commercial Papers and cancellation of such
appointments is disclosed by the Issuer in the form of a notice
on essential fact in accordance with clause 11 of Securities
Issuance Resolution and clause 2.9 of the Prospectus of
Securities.
Taking by the Issuer of separate resolutions to
purchase the Commercial Papers on demand of their owners
is not required.
2. Purchase of the Commercial Papers by the Issuer
under agreement with the owner (owners):
Securities Issuance Resolution and Prospectus of
Securities provide for the possibility of purchase of the
Commercial Papers by the Issuer under agreement with their
owner (owners) with possibility of their subsequent
circulation. The Issuer has the right to purchase the
Commercial Papers by way of entering into contracts for the
purchase of the Commercial Papers in accordance with the
Russian Federation laws, including on the basis of public
irrevocable offers of the Issuer, which are published in the
Newswire. The resolution on purchase of the Commercial
Papers, including on the basis of public irrevocable offers, is
made by the authorized management body of the Issuer. When
making this resolution, the authorized management body of
the Issuer must set the conditions, procedures and terms of
purchase of the Commercial Papers, which will be published
in the Newswire and on the website no later than 7 (Seven)
business days prior to the commencement of the acceptance
of the offer to purchase the Commercial Papers. For this
purpose, the period for the purchase of the Commercial
Papers cannot occur before the full payment of the
Commercial Papers.
Purchase of the Commercial Papers under agreement
with their owner (owners) with possibility of subsequent
circulation is carried out in the following order:
a) Resolution on purchase of the Commercial Papers is
taken by the Issuer’s authorized management body subject to
the provisions of the Securities Issuance Resolution,
Securities Prospectus and Charter of the Issuer.
b) In accordance with the terms, conditions and order
of the purchase of the Commercial Papers, published in the
Newswire and on the website, the Issuer purchases the
Commercial Papers from the owners of the Commercial
Papers by way of entering into transactions of purchase of the
Commercial Papers using the Exchange Bidding System.
Owner of the Commercial Papers which is Participant in a
bidding process of the Exchange and wishing to sell the
Commercial Papers to the Issuer shall act independently. If
the owner of the Commercial Papers is not Participant in a
bidding process of the Exchange, it may enter into a
respective agreement with any Participant in a bidding
process of the Exchange, and give it the instruction to sell the
Commercial Papers to the Issuer.
Holder of the Commercial Papers within the time
specified in the published notice of the purchase of the
Commercial Papers shall deliver to the Issuer’s Agent the
and number of the Commercial Papers offered for sale,
address of the Holder for correspondence sending, contact
phone and fax numbers.
Notice is deemed received by the Agent from the
date of delivery to the addressee, subject to the Notice
compliance with all requirements established by the notice
of the purchase of the Commercial Papers. The Issuer has
no obligation to purchase the Commercial Papers in
respect of:
- persons which have not submitted their Notices
within the specified time;
- persons which have submitted the Notice, but the
Notice has not met the established requirements.
c) From 11:00 to 13:00, Moscow time, on the
relevant date of purchase by the Issuer of the Commercial
Papers, which is stated in the notice, the Holder which
previously transferred the Notice to the Agent, delivers the
targeted application (hereinafter - the "Application") for
purchase of a certain number of the Commercial Papers
to the Exchange Bidding System in accordance with the
Bidding Rules, which is addressed to the Agent of the
Issuer, with specification of the price of the Commercial
Paper defined in the notice of the purchase of the
Commercial Papers. The number of the Commercial
Papers in the Application must match the number of the
Commercial Papers mentioned in the Notice. Application
is met only if the number of the bonds specified in it is
equal to the number of the bonds specified in the Notice.
Sufficient evidence of placing the Application by the
Holder for the Commercial Papers sale is an extract from
the register of applications which is compiled in the form
of the relevant Annex to the Bidding Rules for securities at
the Exchange, which is certified by the signature of the
authorized person of the Exchange.
Issuer undertakes, in the period from 14:00 through
16:00, Moscow time, on the relevant date of purchase of
the Commercial Papers, stated in the notice of the
Commercial Papers purchase, to file counter targeted
applications through its Agent to the Applications filed in
accordance with the conditions published in the notice on
purchase of the Commercial Papers and being in
Exchange Bidding System by the time of filing the counter
applications.
If the owners of the Commercial Papers accept
offers for their purchase by the Issuer in respect of a
larger number of the Commercial Papers than that
specified in such an offer, the Issuer purchases the
Commercial Papers from the owners pro rata to the
applied demands, provided that the condition of purchase
of the whole number of the Commercial Papers only is
met.
Possibility of appointment by the Issuer’s
authorized management body of other Purchase Agents
for the commercial papers and termination of such
appointments is stipulated.
Information on the appointment of Purchase Agents
for the Commercial Papers and cancellation of such
appointments is disclosed by the Issuer in the form of a
notice on essential fact in accordance with clause 11 of
Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities.
Notice of the intent to sell a certain number of the
Commercial Papers to the Issuer on the terms stated in the
published notice of the purchase of the Commercial Papers.
The said Notice shall be signed by the authorized person of
the Holder of the Commercial Papers and contain
information on the full name of the Holder, series and number
of the Commercial Papers offered for sale, address of the
Holder for correspondence sending, contact phone and fax
numbers.
Notice is deemed received by the Agent from the date
of delivery to the addressee, subject to the Notice compliance
with all requirements established by the notice of the
purchase of the Commercial Papers. The Issuer has no
obligation to purchase the Commercial Papers in respect of:
- persons which have not submitted their Notices
within the specified time;
- persons which have submitted the Notice, but the
Notice has not met the established requirements.
c) From 11:00 to 13:00, Moscow time, on the relevant
date of purchase by the Issuer of the Commercial Papers,
which is stated in the notice, the Holder which previously
transferred the Notice to the Agent, delivers the targeted
application (hereinafter - the "Application") for purchase of a
certain number of the Commercial Papers to the Exchange
Bidding System in accordance with the Bidding Rules, which
is addressed to the Agent of the Issuer, with specification of
the price of the Commercial Paper defined in the notice of the
purchase of the Commercial Papers. The number of the
Commercial Papers in the Application must match the
number of the Commercial Papers mentioned in the Notice.
Application is met only if the number of the Commercial
Papers specified in it is equal to the number of the
Commercial Papers specified in the Notice. Sufficient
evidence of placing the Application by the Holder for the
Commercial Papers sale is an extract from the register of
applications which is compiled in the form of the relevant
Annex to the Bidding Rules for securities at the Exchange,
which is certified by the signature of the authorized person of
the Exchange.
Issuer undertakes, in the period from 14:00 through
16:00, Moscow time, on the relevant date of purchase of the
Commercial Papers, stated in the notice of the Commercial
Papers purchase, to file counter targeted applications
through its Agent to the Applications filed in accordance with
the conditions published in the notice on purchase of the
Commercial Papers and being in Exchange Bidding System
by the time of filing the counter applications.
If the owners of the Commercial Papers accept offers
for their purchase by the Issuer in respect of a larger number
of the Commercial Papers than that specified in such an offer,
the Issuer purchases the Commercial Papers from the owners
pro rata to the applied demands, provided that the condition
of purchase of the whole number of the Commercial Papers
only is met.
Possibility of appointment by the Issuer’s authorized
management body of other Purchase Agents for the
Commercial Papers and termination of such appointments is
stipulated.
Information on the appointment of Purchase Agents for
the Commercial Papers and cancellation of such
appointments is disclosed by the Issuer in the form of a notice
on essential fact in accordance with clause 11 of Securities
3. Commercial Papers subsequently purchased by
the Issuer can be re-circulated on the secondary market
(provided that the Issuer complies with the requirements
of the Russian Federation laws).
Period of purchase of the bonds or procedure for its
determining:
Purchase of the Commercial Papers shall be
permitted after their full payment only. Information on
completion of the placement is disclosed in the procedure,
as stated in clause 11 of the Securities Issuance
Resolution and clause 2.9 of the Prospectus of Securities.
Information on purchase of the Commercial Papers on the
demand of their owners is disclosed simultaneously with
the information on the defined interest rates on the
coupons.
- in cases where the purchase of the Commercial
Papers by the Issuer is performed upon the demand of the
owners of the Commercial Papers, the Date of Purchase
by the Issuer of the Commercial Papers is defined in
accordance with clause 10.1 of the Securities Issuance
Resolution and clause 9.1.2. of the Prospectus of
Securities.
- if the Issuer makes a decision on purchase of the
Commercial Papers under agreement with their owners in
accordance with clause 10.2 of the Securities Issuance
Resolution and clause 9.1.2 of the Prospectus of
Securities, including on the basis of public irrevocable
offers of the Issuer which are published in Newswire and
on the Internet webpage containing periods and other
conditions of purchase of the Commercial Papers
determined by the Issuer.
Order disclosure of the information on purchase of
the Commercial Papers:
1. Information on the coupon rates or procedure for
determining the rates on coupons on the Commercial
Papers, defined by the Issuer, starting with the second
one, as well as number of the coupon period (n), in which
the owners of the Commercial Papers may demand
purchase of the Commercial Papers by the Issuer shall be
communicated to potential buyers by way of disclosing
information in the form of notice on essential facts in
accordance with the procedure specified in clause 9.3.1 of
the Securities Issuance Resolution and clause 9.1.2. of the
Prospectus of Securities.
1). Information on the defined rate or procedure for
determining the amount of the coupon rate which is set by
the Issuer before the date of the placement, as well as
ordinal number of the coupon period (n), in which the
owners of the Commercial Papers may demand the
purchase of the Commercial Papers by the Issuer, is
disclosed by the Issuer in the form of a notice on essential
facts "on accrued and (or) paid yields on the issuer's
equity securities" and "on the data which have, according
to the issuer, substantial impact on the value of its equity
securities" no later than 1 (One) day before the date of
commencement of the Commercial Papers placement and
within the following periods as from the date of taking the
decision on the rates or procedure for determining the
interest rate(s) on the coupon(s):
- in the Newswire - not later than 1 (One) day;
- on the Internet webpage - not later than 2 (Two)
Issuance Resolution and clause 2.9 of the Prospectus of
Securities.
3. Commercial Papers subsequently purchased by the
Issuer can be re-circulated on the secondary market
(provided that the Issuer complies with the requirements of
the Russian Federation laws).
Period of purchase of the bonds or procedure for its
determining:
Purchase of the Commercial Papers shall be permitted
after their full payment only. Information on completion of the
placement is disclosed in the procedure, as stated in clause
11 of the Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities. Information on purchase of the
Commercial Papers on the demand of their owners is
disclosed simultaneously with the information on the defined
interest rates on the coupons.
- in cases where the purchase of the Commercial
Papers by the Issuer is performed upon the demand of the
owners of the Commercial Papers, the Date of Purchase by
the Issuer of the Commercial Papers is defined in accordance
with clause 10.1 of the Securities Issuance Resolution and
clause 9.1.2. of the Prospectus of Securities.
- if the Issuer makes a decision on purchase of the
Commercial Papers under agreement with their owners in
accordance with clause 10.2 of the Securities Issuance
Resolution and clause 9.1.2 of the Prospectus of Securities,
including on the basis of public irrevocable offers of the
Issuer which are published in Newswire and on the Internet
webpage containing periods and other conditions of purchase
of the Commercial Papers determined by the Issuer.
Order disclosure of the information on purchase of the
Commercial Papers:
1. Information on the coupon rates or procedure for
determining the rates on coupons on the Commercial Papers,
defined by the Issuer, starting with the second one, as well as
number of the coupon period (n), in which the owners of the
Commercial Papers may demand purchase of the
Commercial Papers by the Issuer shall be communicated to
potential buyers by way of disclosing information in the form
of notice on essential facts in accordance with the procedure
specified in clause 9.3.1 of the Securities Issuance Resolution
and clause 9.1.2. of the Prospectus of Securities.
1). Information on the defined rate or procedure for
determining the amount of the coupon rate which is set by the
Issuer before the date of the placement, as well as ordinal
number of the coupon period (n), in which the owners of the
Commercial Papers may demand the purchase of the
Commercial Papers by the Issuer, is disclosed by the Issuer in
the form of a notice on essential facts "on accrued and (or)
paid yields on the issuer's equity securities" and "on the data
which have, according to the issuer, substantial impact on the
value of its equity securities" no later than 1 (One) day before
the date of commencement of the Commercial Papers
placement and within the following periods as from the date
of taking the decision on the rates or procedure for
determining the interest rate(s) on the coupon(s):
- in the Newswire - not later than 1 (One) day;
- on the Internet webpage - not later than 2 (Two)
days.
In this event, the publication on the webpage on the
days.
In this event, the publication on the webpage on the
Internet is carried out after publication in the Newswire.
Text of the notice on essential fact shall be
available on the Internet webpage as from the date of the
expiration of the period specified in the Regulation on
Information Disclosure by Issuers of Securities for its
publication on the network Internet; if the notice is
published on the network Internet after the expiration of
such a period - as from the date of its publication on the
network Internet and before the expiration of 12 months
as from the date of publication on the Internet.
Issuer shall inform the Exchange of the decisions
taken, including on the defined rates or the procedure for
determining the rates no later than 1 (One) day before the
date of the Bonds placement beginning.
2). Information on the defined rate or procedure for
determining the amount of the coupon rate, determined by
the Issuer of the Commercial Papers after they are fully
paid, and the serial number of the coupon period (n), in
which the owners of the Commercial Papers may demand
the purchase of the Commercial Papers by the Issuer, is
disclosed by the Issuer in the form of a notice on essential
facts "on the accrued and (or) paid yields on the issuer's
equity securities" and "on the data which have, according
to the issuer, material impact on the value of its equity
securities" not later than 5 (Five) calendar days prior to
the date of the beginning of the i-th coupon period on the
Commercial Papers and in the following periods as from
the Date of Establishment of the i-th Coupon:
- in the Newswire - not later than 1 (One) day;
- on the Internet webpage - not later than 2 (Two)
days.
In this event, the publication on the webpage on the
Internet is carried out after publication in the Newswire.
Text of the notice on essential fact shall be
available on the Internet webpage as from the date of the
expiration of the period specified in the Regulation on
Information Disclosure by Issuers of Securities for its
publication on the network Internet; if the notice is
published on the network Internet after the expiration of
such a period - as from the date of its publication on the
network Internet and before the expiration of 12 months
as from the date of publication on the Internet.
Issuer shall inform the Exchange of the defined
rates or the procedure for determining the rate no later
than 5 (Five) calendar days before the date of completion
of the n-th coupon period (the period during which the
interest rate on the (n +1)-th and subsequent coupons is
defined).
2. If the Issuer takes a resolution to purchase the
Commercial Papers under agreement with their owner
(owners), including on the basis of public irrevocable
offers, the notice of the relevant resolution is disclosed no
later than
- in the Newswire - not later than 1 (One) day,
- on the Internet webpage - no later than 2 (Two)
days
as from date of drawing up the minutes of the
meeting of the authorized body of the Issuer, during which
the Issuer decided to purchase the Commercial Papers,
but not later than 7 (Seven) days prior to the
Internet is carried out after publication in the Newswire.
Text of the notice on essential fact shall be available
on the Internet webpage as from the date of the expiration of
the period specified in the Regulation on Information
Disclosure by Issuers of Securities for its publication on the
network Internet; if the notice is published on the network
Internet after the expiration of such a period - as from the
date of its publication on the network Internet and before the
expiration of 12 months as from the date of publication on the
Internet.
Issuer shall inform the Exchange of the decisions
taken, including on the defined rates or the procedure for
determining the rates no later than 1 (One) day before the
date of the Commercial Papers placement beginning.
2). Information on the defined rate or procedure for
determining the amount of the coupon rate, determined by the
Issuer of the Commercial Papers after they are fully paid, and
the serial number of the coupon period (n), in which the
owners of the Commercial Papers may demand the purchase
of the Commercial Papers by the Issuer, is disclosed by the
Issuer in the form of a notice on essential facts "on the
accrued and (or) paid yields on the issuer's equity securities"
and "on the data which have, according to the issuer,
material impact on the value of its equity securities" not later
than 5 (Five) business days prior to the date of the beginning
of the i-th coupon period on the Commercial Papers and in
the following periods as from the Date of Establishment of the
i-th Coupon:
- in the Newswire - not later than 1 (One) day;
- on the Internet webpage - not later than 2 (Two)
days.
In this event, the publication on the webpage on the
Internet is carried out after publication in the Newswire.
Text of the notice on essential fact shall be available
on the Internet webpage as from the date of the expiration of
the period specified in the Regulation on Information
Disclosure by Issuers of Securities for its publication on the
network Internet; if the notice is published on the network
Internet after the expiration of such a period - as from the
date of its publication on the network Internet and before the
expiration of 12 months as from the date of publication on the
Internet.
Issuer shall inform the Exchange of the defined rates
or the procedure for determining the rate no later than 5
(Five) business days before the date of completion of the n-th
coupon period (the period during which the interest rate on
the (n +1)-th and subsequent coupons is defined).
2. If the Issuer takes a resolution to purchase the
Commercial Papers under agreement with their owner
(owners), including on the basis of public irrevocable offers,
the notice of the relevant resolution is disclosed no later than
- in the Newswire - not later than 1 (One) day,
- on the Internet webpage - no later than 2 (Two) days
as from date of drawing up the minutes of the meeting
of the authorized body of the Issuer, during which the Issuer
decided to purchase the Commercial Papers, but not later
than 7 (Seven) business days prior to the commencement of
the period for acceptance of the offer on the purchase of the
Commercial Papers. This notice includes the following
information:
- date of making the resolution to purchase the
Commercial Papers;
commencement of the period for acceptance of the offer
on the purchase of the Commercial Papers. This notice
includes the following information:
- date of making the resolution to purchase the
Commercial Papers;
- series and form of the Commercial Papers,
identification number and date of admission of the
Commercial Papers for bidding at the stock exchange
during the placement;
- number of purchased Commercial Papers;
- period during which the holder of the Commercial
Papers may give to the Issuer’s Agent a notice in writing
of the intent to sell a certain number of the Commercial
Papers to the Issuer on the terms, as established in the
resolution of the Issuer on the purchase of the
Commercial Papers and set out in the published notice on
the purchase of the Commercial Papers.
- date of beginning of purchase of the Commercial
Papers of the issue by the Issuer;
- date of completion of purchase of the Commercial
Papers of the issue by the Issuer;
- purchase price of the Commercial Papers of the
issue, its determination procedure;
- procedure for the purchase of the Commercial
Papers;
- form and time of payment;
- name of the Agent authorized by the Issuer for the
purchase of the Commercial Papers, its seat, information
on the details of its license of professional participant of
the securities market.
3. Publication by the Issuer of the information on
the purchase of the Commercial Papers on the website is
carried out after publication in the Newswire.
4. Issuer shall disclose information on the results of
the purchase of the Commercial Papers, including on the
number of the purchased Commercial Papers in the
manner of information disclosure on essential facts in
accordance with the regulations of the federal executive
body for the securities market:
• in the Newswire - not later than 1 (One) day as
from the date of the expiry of the established period for
the Commercial Papers purchase;
• on the Internet webpage - not later than 2 (Two)
days as from the date of the expiry of the established
period for the Commercial Papers purchase.
For this purpose, the publication on the website is
carried out after publication in the Newswire.
If at the moment of the occurrence of the event,
about which the Issuer must disclose information in
accordance with the applicable federal laws and
regulations of the federal executive body for the securities
market, a different procedure and timing of information
disclosure is set for such an event, rather than the
procedure and timing established by the Securities
Issuance Resolution and Prospectus of Securities, the
information about such an event is disclosed in the
manner and within the time periods stipulated by the
federal laws and regulations of the federal executive body
for the securities market, which are applicable at the time
of the event occurrence.
Disclosure of information is carried out by the
- series and form of the Commercial Papers,
identification number and date of admission of the
Commercial Papers for bidding at the exchange during the
placement;
- number of purchased Commercial Papers;
- period during which the holder of the Commercial
Papers may give to the Issuer’s Agent a notice in writing of
the intent to sell a certain number of the Commercial Papers
to the Issuer on the terms, as established in the resolution of
the Issuer on the purchase of the Commercial Papers and set
out in the published notice on the purchase of the Commercial
Papers. This period cannot be less than 5 (Five) business
days before the date of beginning of the Commercial Papers
purchase.
- date of beginning of purchase of the Commercial
Papers of the issue by the Issuer;
- date of completion of purchase of the Commercial
Papers of the issue by the Issuer;
- purchase price of the Commercial Papers of the
issue, its determination procedure;
- procedure for the purchase of the Commercial
Papers;
- form and time of payment;
- name of the Agent authorized by the Issuer for the
purchase of the Commercial Papers, its seat, information on
the details of its license of professional participant of the
securities market.
3. Publication by the Issuer of the information on the
purchase of the Commercial Papers on the website is carried
out after publication in the Newswire.
4. Issuer shall disclose information on the results of the
purchase of the Commercial Papers, including on the number
of the purchased Commercial Papers in the manner of
information disclosure on essential facts in accordance with
the regulations in the financial markets sector:
• in the Newswire - not later than 1 (One) day as from
the date of the expiry of the established period for the
Commercial Papers purchase;
• on the Internet webpage - not later than 2 (Two) days
as from the date of the expiry of the established period for the
Commercial Papers purchase.
For this purpose, the publication on the website is
carried out after publication in the Newswire.
If at the moment of the occurrence of the event, about
which the Issuer must disclose information in accordance
with the applicable federal laws and regulations in the
financial markets sector, a different procedure and timing of
information disclosure is set for such an event, rather than
the procedure and timing established by the Securities
Issuance Resolution and Prospectus of Securities, but at the
same time applying to this issue of the Commercial Papers
proceeding from the date of assigning identification number
to it, the information about such an event is disclosed in the
manner and within the time periods stipulated by the federal
laws and regulations in the financial markets sector, which
are applicable at the time of the event occurrence.
Disclosure of information is carried out by the Issuer
independently.
5. Purchase of the Commercial Papers by the Issuer is
carried out through the bidding organizer referred to in
Issuer independently.
5. Purchase of the Commercial Papers by the
Issuer is carried out through the bidding organizer
referred to in clause 8.3. of the Securities Issuance
Resolution and clause 9.8. of the Prospectus of Securities
in accordance with the regulatory documents governing
the activities of the bidding organizer.
If it is impossible to purchase the Commercial
Papers due to reorganization or liquidation of the bidding
organizer or by virtue of the Russian Federation laws, the
Issuer shall decide on another bidding organizer on the
securities market, through which the transactions on
purchase of the Commercial Papers will be completed.
Purchase of the Commercial Papers in this case will be
carried out in accordance with the regulatory and internal
documents governing the activities of such a bidding
organizer on the securities market.
When the bidding organizer on the securities
market, through which the transactions on purchase of the
Commercial Papers will be completed is changed, the
Issuer shall publish information on a new bidding
organizer on the securities market, through which the
transactions on purchase of the Commercial Papers will
be completed. This information will include:
- full and abbreviated names of the bidding
organizer on the securities market;
- its seat, phone number, fax number;
- license information: number, issue date,
expiration date, issuing authority;
- procedure for the purchase of the Commercial
Papers in accordance with the rules of the bidding
organizer.
Disclosure of information is made by the Issuer in
the form of notice on essential fact in the following
periods as from the date of taking the resolution to change
the bidding organizer on the securities market, through
which the transactions of the purchase of the Commercial
Papers will be completed:
• in the Newswire - not later than 1 (One) day;
• on the Internet webpage - not later than 2 (Two)
days.
For the Commercial Papers of series BO-05:
Possibility of purchase by the Issuer of the
Commercial Papers as agreed with their owner (owners)
and obligation of the Issuer to purchase the Commercial
Papers based on the demand of their owner (owners) with
the possibility of their subsequent circulation are
stipulated. Purchase of the Commercial Papers is
permitted after their full payment only. The Issuer has the
right to purchase the Commercial Papers of this issue by
way of entering into transactions involving the purchase
of the Commercial Papers with the owners of the
Commercial Papers in accordance with the Russian
Federation laws, including on the basis of public
irrevocable offers of the Issuer which are published in the
Newswire.
For the purposes of this clause, the following
definition is introduced:
Purchase Agent – Participant in a bidding process
authorized by the Issuer to purchase the Commercial
Papers.
clause 8.3. of the Securities Issuance Resolution and clause
9.8. of the Prospectus of Securities in accordance with the
regulatory documents governing the activities of the bidding
organizer.
If it is impossible to purchase the Commercial Papers
due to reorganization or liquidation of the bidding organizer
or by virtue of the Russian Federation laws, the Issuer shall
decide on another bidding organizer on the securities market,
through which the transactions on purchase of the
Commercial Papers will be completed. Purchase of the
Commercial Papers in this case will be carried out in
accordance with the regulatory and internal documents
governing the activities of such a bidding organizer on the
securities market.
When the bidding organizer on the securities market,
through which the transactions on purchase of the
Commercial Papers will be completed is changed, the Issuer
shall publish information on a new bidding organizer on the
securities market, through which the transactions on
purchase of the Commercial Papers will be completed. This
information will include:
- full and abbreviated names of the bidding organizer
on the securities market;
- its seat, phone number, fax number;
- license information: number, issue date, expiration
date, issuing authority;
- procedure for the purchase of the Commercial
Papers in accordance with the rules of the bidding organizer.
Disclosure of information is made by the Issuer in the
form of notice on essential fact in the following periods as
from the date of taking the resolution to change the bidding
organizer on the securities market, through which the
transactions of the purchase of the Commercial Papers will
be completed:
• in the Newswire - not later than 1 (One) day;
• on the Internet webpage - not later than 2 (Two)
days.
Underwriter is Purchase Agent.
Sole executive body of the Issuer may appoint other
Purchase Agents and terminate such appointments.
Information on the appointment of Purchase Agents
for the Commercial Papers and cancellation of such
appointments is disclosed by the Issuer in the form of a
notice on essential fact in accordance with clause 11 of
Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities.
1. Purchase of the Commercial Papers by the Issuer
on demand of their owner (owners):
Issuer shall ensure the right of the Commercial
Papers owners to demand from the Issuer the purchase of
the Commercial Papers during the last 5 (Five) calendar
days of the coupon period preceding the coupon period, in
respect of which the coupon amount or the procedure for
determining the coupon amount is determined by the
Issuer after the full payment of the Commercial Papers
(hereinafter - the "Period of Presentation of the
Commercial Papers for Purchase by the Issuer").
Commercial Papers owners have the right to demand from
the Issuer the purchase of the Commercial Papers in the
cases described in clause 9.3.1 of the Securities Issuance
Resolution and clause 9.1.2. of the Prospectus of
Securities.
If the amount of the coupon rates or the procedure
for determining the coupon rates is determined by the
authorized management body of the Issuer after the full
payment of the Commercial Papers simultaneously on
several coupon periods, the Issuer is obliged to purchase
the Commercial Papers under demands of their owners,
which are declared during the last 5 (Five) calendar days
of the coupon period preceding the coupon period, in
respect of which the Issuer determines the specified
coupon rates or procedure for determining coupon rates
simultaneously with other coupon periods, and which
comes first. Purchase of the Commercial Papers before
other coupon periods, in respect of which such amount or
procedure for determining the coupon amount on the
Commercial Papers in this case is not required.
Information about purchase of the Commercial
Papers on demand of their owners is disclosed
simultaneously with the information on the defined coupon
rate:
Information on the coupon rates of the Commercial
Papers determined by the Issuer, starting with the second
one, is brought to potential buyers by way of disclosing in
the notice on essential fact in the manner and time
specified in clause 9.3.1 of the Securities Issuance
Resolution and clause 9.1.2 of the Prospectus of
Securities.
For the purposes of this clause, the following
definitions are introduced:
(i-1) - number of the coupon period, in which the
owners have the right to demand from the Issuer the
purchase of the Commercial Papers.
i - number of the coupon period, in which the
coupon or procedure for determining the coupon is
determined by the Issuer after the full payment of the
Commercial Papers.
Procedure and conditions for the purchase by the
Issuer of the Commercial Papers on the demand of the
Commercial Papers owners:
1) Owner of Commercial Papers which is the
Participant in a bidding process acts independently. If the
owner of the Commercial Papers is not Participant in a
bidding process, it enters into a respective agreement with
any broker which is Participant in a bidding process, and
gives it the instruction to take all necessary actions for
sale of the Commercial Papers to the Issuer. Participant
in a bidding process acting for and on behalf of the
owners of the Commercial Papers, as well as acting on its
own behalf and at its own expense, is hereinafter referred
to as the "Holder" or "Holder of the Commercial Papers."
2) during the Period of Presentation of the
Commercial Papers for Purchase by the Issuer, the
Holder of the Commercial Papers must give to the Issuer's
Agent a notice in writing of its intention to sell a certain
number of the Commercial Papers (hereinafter - the
"Notice"). The Notice shall be signed by the authorized
person of the Holder of the Commercial Papers. Those
Notices are met only, which have been duly executed and
actually received by the Agent of the Issuer during the
Period of Presentation of the Commercial Papers for
Purchase by the Issuer. Regardless of the date of sending
the Notice, the presentations of the Commercial Papers
received by the Agent of the Issuer upon the end of the
Period of Presentation of the Commercial Papers for
Purchase by the Issuer shall not be met.
Notice must be issued on the letterhead of the
Holder under the following form:
"____________________ (full name of the Holder
of the Bonds) announces hereby its intention to sell to JSC
"MOESK" the interest-bearing certified non-convertible
bearer commercial papers with the compulsory
centralized storage of series BO-05, identification number
____________ belonging to __________________ (full
name of the owner of the Commercial Papers) in
accordance with the terms of the Prospectus of Securities
and Securities Issuance Resolution.
_________________________________________
_______________________________________
Full name of the Holder:
_________________________________________
_______________________________________
Quantity of the Commercial Papers offered for sale
(in figures and words)
_________________________________________
_______________________________________
Signature, Seal of the Holder."
3) after transfer of the Notice, the Holder of the
Commercial Papers submits a targeted application for the
sale of the number of the Commercial Papers indicated in
the Notice to the Exchange Bidding System in accordance
with its Bidding Rules in respect of the securities and
other regulations governing the conduct of bidding in
securities at the Exchange (hereinafter - "Bidding Rules"),
addressed to the Agent of the Issuer which was
Participant in a bidding process of the Exchange,
indicating the Commercial Papers Purchase Price (as
defined below). This application shall be presented by the
Holder to the Bidding System from 11:00 to 13:00,
Moscow time, on the Date of Commercial Papers
Purchase.
Date of Commercial Papers Purchase is
determined as the second business day after the date of
beginning of the i-th coupon period on the Commercial
Papers; Commercial Papers Purchase Price is defined as
100 (One hundred) percent of the outstanding part of the
nominal value of the Commercial Papers. For this
purpose, the accumulated coupon yield is paid
additionally, which is calculated at the Date of the
Commercial Papers Purchase.
Outstanding part of the nominal value of the
Commercial Paper is defined as the difference between
the nominal value of one Commercial Paper and its part
repaid in the process of partial early repayment of
Commercial Papers (if the decision on partial early
repayment is made by the Issuer in accordance with
clause 9.5 of Securities Issuance Resolution and clause
9.1.2 of the Prospectus of Securities).
4) Transactions on purchase by the Issuer of the
Commercial Papers from the Holders of the Commercial
Papers are made at the Exchange in accordance with the
Bidding Rules.
Issuer undertakes, in the period from 14:00 through
16:00, Moscow time, on the Date of the Commercial
Papers Purchase by the Issuer, to submit through the
Agent the counter targeted applications to the
applications of the Holders of the Commercial Papers,
from which the Agent of the Issuer received Notices
submitted in accordance with subclause 2) of clause 10.1
of the Securities Issuance Resolution and subclause d) of
clause 9.1.2 of the Prospectus of Securities and being in
the Exchange Bidding System by the time of completion of
the transaction.
Issuer is obliged to purchase all Commercial
Papers, the applications for the purchase of which were
received from the owners / holders of the Commercial
Papers within the period set forth by the Securities
Issuance Resolution and Prospectus of Securities.
Taking by the Issuer’s authorized management
body of the resolution to purchase the Commercial Papers
is not required, since the order of purchase of the
Commercial Papers by the Issuer on the demand of their
owners is set forth in the Securities Issuance Resolution
and the Prospectus of Securities.
Possibility of appointment by the Issuer’s
authorized management body of other Purchase Agents
for the Commercial Papers and termination of such
appointments is stipulated.
Information on the appointment of Purchase Agents
for the Commercial Papers and cancellation of such
appointments is disclosed by the Issuer in the form of a
notice on essential fact in accordance with clause 11 of
Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities.
Taking by the Issuer of separate resolutions to
purchase the Commercial Papers on demand of their
owners is not required.
2. Purchase of the Commercial Papers by the Issuer
under agreement with the owner (owners):
Securities Issuance Resolution and Prospectus of
Securities provide for the possibility of purchase of the
Commercial Papers by the Issuer under agreement with
their owner (owners) with possibility of their subsequent
circulation. The Issuer has the right to purchase the
Commercial Papers by way of entering into contracts for
the purchase of the Commercial Papers in accordance
with the Russian Federation laws, including on the basis
of public irrevocable offers of the Issuer, which are
published in the Newswire. The resolution on purchase of
the Commercial Papers, including on the basis of public
irrevocable offers, is made by the authorized management
body of the Issuer. When making this resolution, the
authorized management body of the Issuer must set the
conditions, procedures and terms of purchase of the
Commercial Papers, which will be published in the
Newswire and on the website no later than 7 (Seven) days
prior to the commencement of the acceptance of the offer
to purchase the Commercial Papers. For this purpose, the
period for the purchase of the Commercial Papers cannot
occur before the full payment of the Commercial Papers.
Purchase of the Commercial Papers under
agreement with their owner (owners) with possibility of
subsequent circulation is carried out in the following
order:
a) Resolution on purchase of the Commercial
Papers is taken by the Issuer’s authorized management
body subject to the provisions of the Securities Issuance
Resolution, Securities Prospectus and Charter of the
Issuer.
b) In accordance with the terms, conditions and
order of the purchase of the Commercial Papers,
published in the Newswire and on the website, the Issuer
purchases the Commercial Papers from the owners of the
Commercial Papers by way of entering into transactions
of purchase of the Commercial Papers using the Exchange
Bidding System. Owner of the Commercial Papers which
is Participant in a bidding process of the Exchange and
wishing to sell the Commercial Papers to the Issuer shall
act independently. If the owner of the Commercial Papers
is not Participant in a bidding process of the Exchange, it
may enter into a respective agreement with any
Participant in a bidding process of the Exchange, and give
it the instruction to sell the Commercial Papers to the
Issuer.
Holder of the Commercial Papers within the time
specified in the published notice of the purchase of the
Commercial Papers shall deliver to the Issuer’s Agent the
Notice of the intent to sell a certain number of the
Commercial Papers to the Issuer on the terms stated in the
published notice of the purchase of the Commercial
Papers. The said Notice shall be signed by the authorized
person of the Holder of the Commercial Papers and
contain information on the full name of the Holder, series
and number of the Commercial Papers offered for sale,
address of the Holder for correspondence sending, contact
phone and fax numbers.
Notice is deemed received by the Agent from the
date of delivery to the addressee, subject to the Notice
compliance with all requirements established by the notice
of the purchase of the Commercial Papers. The Issuer has
no obligation to purchase the Commercial Papers in
respect of:
- persons which have not submitted their Notices
within the specified time;
- persons which have submitted the Notice, but the
Notice has not met the established requirements.
c) From 11:00 to 13:00, Moscow time, on the
relevant date of purchase by the Issuer of the Commercial
Papers, which is stated in the notice, the Holder which
previously transferred the Notice to the Agent, delivers the
targeted application (hereinafter - the "Application") for
purchase of a certain number of the Commercial Papers
to the Exchange Bidding System in accordance with the
Bidding Rules, which is addressed to the Agent of the
Issuer, with specification of the price of the Commercial
Paper defined in the notice of the purchase of the
Commercial Papers. The number of the Commercial
Papers in the Application must match the number of the
Commercial Papers mentioned in the Notice. Application
is met only if the number of the bonds specified in it is
equal to the number of the bonds specified in the Notice.
Sufficient evidence of placing the Application by the
Holder for the Commercial Papers sale is an extract from
the register of applications which is compiled in the form
of the relevant Annex to the Bidding Rules for securities at
the Exchange, which is certified by the signature of the
authorized person of the Exchange.
Issuer undertakes, in the period from 14:00 through
16:00, Moscow time, on the relevant date of purchase of
the Commercial Papers, stated in the notice of the
Commercial Papers purchase, to file counter targeted
applications through its Agent to the Applications filed in
accordance with the conditions published in the notice on
purchase of the Commercial Papers and being in
Exchange Bidding System by the time of filing the counter
applications.
If the owners of the Commercial Papers accept
offers for their purchase by the Issuer in respect of a
larger number of the Commercial Papers than that
specified in such an offer, the Issuer purchases the
Commercial Papers from the owners pro rata to the
applied demands, provided that the condition of purchase
of the whole number of the Commercial Papers only is
met.
Possibility of appointment by the Issuer’s
authorized management body of other Purchase Agents
for the commercial papers and termination of such
appointments is stipulated.
Information on the appointment of Purchase Agents
for the Commercial Papers and cancellation of such
appointments is disclosed by the Issuer in the form of a
notice on essential fact in accordance with clause 11 of
Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities.
3. Commercial Papers subsequently purchased by
the Issuer can be re-circulated on the secondary market
(provided that the Issuer complies with the requirements
of the Russian Federation laws).
Period of purchase of the bonds or procedure for its
determining:
Purchase of the Commercial Papers shall be
permitted after their full payment only. Information on
completion of the placement is disclosed in the procedure,
as stated in clause 11 of the Securities Issuance
Resolution and clause 2.9 of the Prospectus of Securities.
Information on purchase of the Commercial Papers on the
demand of their owners is disclosed simultaneously with
the information on the defined interest rates on the
coupons.
- in cases where the purchase of the Commercial
Papers by the Issuer is performed upon the demand of the
owners of the Commercial Papers, the Date of Purchase
by the Issuer of the Commercial Papers is defined in
accordance with clause 10.1 of the Securities Issuance
Resolution and clause 9.1.2. of the Prospectus of
Securities.
- if the Issuer makes a decision on purchase of the
Commercial Papers under agreement with their owners in
accordance with clause 10.2 of the Securities Issuance
Resolution and clause 9.1.2 of the Prospectus of
Securities, including on the basis of public irrevocable
offers of the Issuer which are published in Newswire and
on the Internet webpage containing periods and other
conditions of purchase of the Commercial Papers
determined by the Issuer.
Order disclosure of the information on purchase of
the Commercial Papers:
1. Information on the coupon rates or procedure for
determining the rates on coupons on the Commercial
Papers, defined by the Issuer, starting with the second
one, as well as number of the coupon period (n), in which
the owners of the Commercial Papers may demand
purchase of the Commercial Papers by the Issuer shall be
communicated to potential buyers by way of disclosing
information in the form of notice on essential facts in
accordance with the procedure specified in clause 9.3.1 of
the Securities Issuance Resolution and clause 9.1.2. of the
Prospectus of Securities.
1). Information on the defined rate or procedure for
determining the amount of the coupon rate which is set by
the Issuer before the date of the placement, as well as
ordinal number of the coupon period (n), in which the
owners of the Commercial Papers may demand the
purchase of the Commercial Papers by the Issuer, is
disclosed by the Issuer in the form of a notice on essential
facts "on accrued and (or) paid yields on the issuer's
equity securities" and "on the data which have, according
to the issuer, substantial impact on the value of its equity
securities" no later than 1 (One) day before the date of
commencement of the Commercial Papers placement and
within the following periods as from the date of taking the
decision on the rates or procedure for determining the
interest rate(s) on the coupon(s):
- in the Newswire - not later than 1 (One) day;
- on the Internet webpage - not later than 2 (Two)
days.
In this event, the publication on the webpage on the
Internet is carried out after publication in the Newswire.
Text of the notice on essential fact shall be
available on the Internet webpage as from the date of the
expiration of the period specified in the Regulation on
Information Disclosure by Issuers of Securities for its
publication on the network Internet; if the notice is
published on the network Internet after the expiration of
such a period - as from the date of its publication on the
network Internet and before the expiration of 12 months
as from the date of publication on the Internet.
Issuer shall inform the Exchange of the decisions
taken, including on the defined rates or the procedure for
determining the rates no later than 1 (One) day before the
date of the Bonds placement beginning.
2). Information on the defined rate or procedure for
determining the amount of the coupon rate, determined by
the Issuer of the Commercial Papers after they are fully
paid, and the serial number of the coupon period (n), in
which the owners of the Commercial Papers may demand
the purchase of the Commercial Papers by the Issuer, is
disclosed by the Issuer in the form of a notice on essential
facts "on the accrued and (or) paid yields on the issuer's
equity securities" and "on the data which have, according
to the issuer, material impact on the value of its equity
securities" not later than 5 (Five) calendar days prior to
the date of the beginning of the i-th coupon period on the
Commercial Papers and in the following periods as from
the Date of Establishment of the i-th Coupon:
- in the Newswire - not later than 1 (One) day;
- on the Internet webpage - not later than 2 (Two)
days.
In this event, the publication on the webpage on the
Internet is carried out after publication in the Newswire.
Text of the notice on essential fact shall be
available on the Internet webpage as from the date of the
expiration of the period specified in the Regulation on
Information Disclosure by Issuers of Securities for its
publication on the network Internet; if the notice is
published on the network Internet after the expiration of
such a period - as from the date of its publication on the
network Internet and before the expiration of 12 months
as from the date of publication on the Internet.
Issuer shall inform the Exchange of the defined
rates or the procedure for determining the rate no later
than 5 (Five) calendar days before the date of completion
of the n-th coupon period (the period during which the
interest rate on the (n +1)-th and subsequent coupons is
defined).
2. If the Issuer takes a resolution to purchase the
Commercial Papers under agreement with their owner
(owners), including on the basis of public irrevocable
offers, the notice of the relevant resolution is disclosed no
later than
- in the Newswire - not later than 1 (One) day,
- on the Internet webpage - no later than 2 (Two)
days
as from date of drawing up the minutes of the
meeting of the authorized body of the Issuer, during which
the Issuer decided to purchase the Commercial Papers,
but not later than 7 (Seven) days prior to the
commencement of the period for acceptance of the offer
on the purchase of the Commercial Papers. This notice
includes the following information:
- date of making the resolution to purchase the
Commercial Papers;
- series and form of the Commercial Papers,
identification number and date of admission of the
Commercial Papers for bidding at the stock exchange
during the placement;
- number of purchased Commercial Papers;
- period during which the holder of the Commercial
Papers may give to the Issuer’s Agent a notice in writing
of the intent to sell a certain number of the Commercial
Papers to the Issuer on the terms, as established in the
resolution of the Issuer on the purchase of the
Commercial Papers and set out in the published notice on
the purchase of the Commercial Papers.
- date of beginning of purchase of the Commercial
Papers of the issue by the Issuer;
- date of completion of purchase of the Commercial
Papers of the issue by the Issuer;
- purchase price of the Commercial Papers of the
issue, its determination procedure;
- procedure for the purchase of the Commercial
Papers;
- form and time of payment;
- name of the Agent authorized by the Issuer for the
purchase of the Commercial Papers, its seat, information
on the details of its license of professional participant of
the securities market.
3. Publication by the Issuer of the information on
the purchase of the Commercial Papers on the website is
carried out after publication in the Newswire.
4. Issuer shall disclose information on the results of
the purchase of the Commercial Papers, including on the
number of the purchased Commercial Papers in the
manner of information disclosure on essential facts in
accordance with the regulations of the federal executive
body for the securities market:
• in the Newswire - not later than 1 (One) day as
from the date of the expiry of the established period for
the Commercial Papers purchase;
• on the Internet webpage - not later than 2 (Two)
days as from the date of the expiry of the established
period for the Commercial Papers purchase.
For this purpose, the publication on the website is
carried out after publication in the Newswire.
If at the moment of the occurrence of the event,
about which the Issuer must disclose information in
accordance with the applicable federal laws and
regulations of the federal executive body for the securities
market, a different procedure and timing of information
disclosure is set for such an event, rather than the
procedure and timing established by the Securities
Issuance Resolution and Prospectus of Securities, the
information about such an event is disclosed in the
manner and within the time periods stipulated by the
federal laws and regulations of the federal executive body
for the securities market, which are applicable at the time
of the event occurrence.
Disclosure of information is carried out by the
Issuer independently.
5. Purchase of the Commercial Papers by the
Issuer is carried out through the bidding organizer
referred to in clause 8.3. of the Securities Issuance
Resolution and clause 9.8. of the Prospectus of Securities
in accordance with the regulatory documents governing
the activities of the bidding organizer.
If it is impossible to purchase the Commercial
Papers due to reorganization or liquidation of the bidding
organizer or by virtue of the Russian Federation laws, the
Issuer shall decide on another bidding organizer on the
securities market, through which the transactions on
purchase of the Commercial Papers will be completed.
Purchase of the Commercial Papers in this case will be
carried out in accordance with the regulatory and internal
documents governing the activities of such a bidding
organizer on the securities market.
When the bidding organizer on the securities
market, through which the transactions on purchase of the
Commercial Papers will be completed is changed, the
Issuer shall publish information on a new bidding
organizer on the securities market, through which the
transactions on purchase of the Commercial Papers will
be completed. This information will include:
- full and abbreviated names of the bidding
organizer on the securities market;
- its seat, phone number, fax number;
- license information: number, issue date,
expiration date, issuing authority;
- procedure for the purchase of the Commercial
Papers in accordance with the rules of the bidding
organizer.
Disclosure of information is made by the Issuer in
the form of notice on essential fact in the following
periods as from the date of taking the resolution to change
the bidding organizer on the securities market, through
which the transactions of the purchase of the Commercial
Papers will be completed:
• in the Newswire - not later than 1 (One) day;
• on the Internet webpage - not later than 2 (Two)
days.
For the Commercial Papers of series BO-06:
Possibility of purchase by the Issuer of the
Commercial Papers as agreed with their owner (owners)
and obligation of the Issuer to purchase the Commercial
Papers based on the demand of their owner (owners) with
the possibility of their subsequent circulation are
stipulated. Purchase of the Commercial Papers is
permitted after their full payment only. The Issuer has the
right to purchase the Commercial Papers of this issue by
way of entering into transactions involving the purchase
of the Commercial Papers with the owners of the
Commercial Papers in accordance with the Russian
Federation laws, including on the basis of public
irrevocable offers of the Issuer which are published in the
Newswire.
For the purposes of this clause, the following
definition is introduced:
Purchase Agent – Participant in a bidding process
authorized by the Issuer to purchase the Commercial
Papers.
Underwriter is Purchase Agent.
Sole executive body of the Issuer may appoint other
Purchase Agents and terminate such appointments.
Information on the appointment of Purchase Agents
for the Commercial Papers and cancellation of such
appointments is disclosed by the Issuer in the form of a
notice on essential fact in accordance with clause 11 of
Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities.
1. Purchase of the Commercial Papers by the Issuer
on demand of their owner (owners):
Issuer shall ensure the right of the Commercial
Papers owners to demand from the Issuer the purchase of
the Commercial Papers during the last 5 (Five) calendar
days of the coupon period preceding the coupon period, in
respect of which the coupon amount or the procedure for
determining the coupon amount is determined by the
Issuer after the full payment of the Commercial Papers
(hereinafter - the "Period of Presentation of the
Commercial Papers for Purchase by the Issuer").
Commercial Papers owners have the right to demand from
the Issuer the purchase of the Commercial Papers in the
cases described in clause 9.3.1 of the Securities Issuance
Resolution and clause 9.1.2. of the Prospectus of
Securities.
If the amount of the coupon rates or the procedure
for determining the coupon rates is determined by the
authorized management body of the Issuer after the full
payment of the Commercial Papers simultaneously on
several coupon periods, the Issuer is obliged to purchase
the Commercial Papers under demands of their owners,
which are declared during the last 5 (Five) calendar days
of the coupon period preceding the coupon period, in
respect of which the Issuer determines the specified
coupon rates or procedure for determining coupon rates
simultaneously with other coupon periods, and which
comes first. Purchase of the Commercial Papers before
other coupon periods, in respect of which such amount or
procedure for determining the coupon amount on the
Commercial Papers in this case is not required.
Information about purchase of the Commercial
Papers on demand of their owners is disclosed
simultaneously with the information on the defined coupon
rate:
Information on the coupon rates of the Commercial
Papers determined by the Issuer, starting with the second
one, is brought to potential buyers by way of disclosing in
the notice on essential fact in the manner and time
specified in clause 9.3.1 of the Securities Issuance
Resolution and clause 9.1.2 of the Prospectus of
Securities.
For the purposes of this clause, the following
definitions are introduced:
(i-1) - number of the coupon period, in which the
owners have the right to demand from the Issuer the
purchase of the Commercial Papers.
i - number of the coupon period, in which the
coupon or procedure for determining the coupon is
determined by the Issuer after the full payment of the
Commercial Papers.
Procedure and conditions for the purchase by the
Issuer of the Commercial Papers on the demand of the
Commercial Papers owners:
1) Owner of Commercial Papers which is the
Participant in a bidding process acts independently. If the
owner of the Commercial Papers is not Participant in a
bidding process, it enters into a respective agreement with
any broker which is Participant in a bidding process, and
gives it the instruction to take all necessary actions for
sale of the Commercial Papers to the Issuer. Participant
in a bidding process acting for and on behalf of the
owners of the Commercial Papers, as well as acting on its
own behalf and at its own expense, is hereinafter referred
to as the "Holder" or "Holder of the Commercial Papers."
2) during the Period of Presentation of the
Commercial Papers for Purchase by the Issuer, the
Holder of the Commercial Papers must give to the Issuer's
Agent a notice in writing of its intention to sell a certain
number of the Commercial Papers (hereinafter - the
"Notice"). The Notice shall be signed by the authorized
person of the Holder of the Commercial Papers. Those
Notices are met only, which have been duly executed and
actually received by the Agent of the Issuer during the
Period of Presentation of the Commercial Papers for
Purchase by the Issuer. Regardless of the date of sending
the Notice, the presentations of the Commercial Papers
received by the Agent of the Issuer upon the end of the
Period of Presentation of the Commercial Papers for
Purchase by the Issuer shall not be met.
Notice must be issued on the letterhead of the
Holder under the following form:
"____________________ (full name of the Holder
of the Bonds) announces hereby its intention to sell to JSC
"MOESK" the interest-bearing certified non-convertible
bearer commercial papers with the compulsory
centralized storage of series BO-06, identification number
____________ belonging to __________________ (full
name of the owner of the Commercial Papers) in
accordance with the terms of the Prospectus of Securities
and Securities Issuance Resolution.
_________________________________________
_______________________________________
Full name of the Holder:
_________________________________________
_______________________________________
Quantity of the Commercial Papers offered for sale
(in figures and words)
_________________________________________
_______________________________________
Signature, Seal of the Holder."
3) after transfer of the Notice, the Holder of the
Commercial Papers submits a targeted application for the
sale of the number of the Commercial Papers indicated in
the Notice to the Exchange Bidding System in accordance
with its Bidding Rules in respect of the securities and
other regulations governing the conduct of bidding in
securities at the Exchange (hereinafter - "Bidding Rules"),
addressed to the Agent of the Issuer which was
Participant in a bidding process of the Exchange,
indicating the Commercial Papers Purchase Price (as
defined below). This application shall be presented by the
Holder to the Bidding System from 11:00 to 13:00,
Moscow time, on the Date of Commercial Papers
Purchase.
Date of Commercial Papers Purchase is
determined as the second business day after the date of
beginning of the i-th coupon period on the Commercial
Papers; Commercial Papers Purchase Price is defined as
100 (One hundred) percent of the outstanding part of the
nominal value of the Commercial Papers. For this
purpose, the accumulated coupon yield is paid
additionally, which is calculated at the Date of the
Commercial Papers Purchase.
Outstanding part of the nominal value of the
Commercial Paper is defined as the difference between
the nominal value of one Commercial Paper and its part
repaid in the process of partial early repayment of
Commercial Papers (if the decision on partial early
repayment is made by the Issuer in accordance with
clause 9.5 of Securities Issuance Resolution and clause
9.1.2 of the Prospectus of Securities).
4) Transactions on purchase by the Issuer of the
Commercial Papers from the Holders of the Commercial
Papers are made at the Exchange in accordance with the
Bidding Rules.
Issuer undertakes, in the period from 14:00 through
16:00, Moscow time, on the Date of the Commercial
Papers Purchase by the Issuer, to submit through the
Agent the counter targeted applications to the
applications of the Holders of the Commercial Papers,
from which the Agent of the Issuer received Notices
submitted in accordance with subclause 2) of clause 10.1
of the Securities Issuance Resolution and subclause d) of
clause 9.1.2 of the Prospectus of Securities and being in
the Exchange Bidding System by the time of completion of
the transaction.
Issuer is obliged to purchase all Commercial
Papers, the applications for the purchase of which were
received from the owners / holders of the Commercial
Papers within the period set forth by the Securities
Issuance Resolution and Prospectus of Securities.
Taking by the Issuer’s authorized management
body of the resolution to purchase the Commercial Papers
is not required, since the order of purchase of the
Commercial Papers by the Issuer on the demand of their
owners is set forth in the Securities Issuance Resolution
and the Prospectus of Securities.
Possibility of appointment by the Issuer’s
authorized management body of other Purchase Agents
for the Commercial Papers and termination of such
appointments is stipulated.
Information on the appointment of Purchase Agents
for the Commercial Papers and cancellation of such
appointments is disclosed by the Issuer in the form of a
notice on essential fact in accordance with clause 11 of
Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities.
Taking by the Issuer of separate resolutions to
purchase the Commercial Papers on demand of their
owners is not required.
2. Purchase of the Commercial Papers by the Issuer
under agreement with the owner (owners):
Securities Issuance Resolution and Prospectus of
Securities provide for the possibility of purchase of the
Commercial Papers by the Issuer under agreement with
their owner (owners) with possibility of their subsequent
circulation. The Issuer has the right to purchase the
Commercial Papers by way of entering into contracts for
the purchase of the Commercial Papers in accordance
with the Russian Federation laws, including on the basis
of public irrevocable offers of the Issuer, which are
published in the Newswire. The resolution on purchase of
the Commercial Papers, including on the basis of public
irrevocable offers, is made by the authorized management
body of the Issuer. When making this resolution, the
authorized management body of the Issuer must set the
conditions, procedures and terms of purchase of the
Commercial Papers, which will be published in the
Newswire and on the website no later than 7 (Seven) days
prior to the commencement of the acceptance of the offer
to purchase the Commercial Papers. For this purpose, the
period for the purchase of the Commercial Papers cannot
occur before the full payment of the Commercial Papers.
Purchase of the Commercial Papers under
agreement with their owner (owners) with possibility of
subsequent circulation is carried out in the following
order:
a) Resolution on purchase of the Commercial
Papers is taken by the Issuer’s authorized management
body subject to the provisions of the Securities Issuance
Resolution, Securities Prospectus and Charter of the
Issuer.
b) In accordance with the terms, conditions and
order of the purchase of the Commercial Papers,
published in the Newswire and on the website, the Issuer
purchases the Commercial Papers from the owners of the
Commercial Papers by way of entering into transactions
of purchase of the Commercial Papers using the Exchange
Bidding System. Owner of the Commercial Papers which
is Participant in a bidding process of the Exchange and
wishing to sell the Commercial Papers to the Issuer shall
act independently. If the owner of the Commercial Papers
is not Participant in a bidding process of the Exchange, it
may enter into a respective agreement with any
Participant in a bidding process of the Exchange, and give
it the instruction to sell the Commercial Papers to the
Issuer.
Holder of the Commercial Papers within the time
specified in the published notice of the purchase of the
Commercial Papers shall deliver to the Issuer’s Agent the
Notice of the intent to sell a certain number of the
Commercial Papers to the Issuer on the terms stated in the
published notice of the purchase of the Commercial
Papers. The said Notice shall be signed by the authorized
person of the Holder of the Commercial Papers and
contain information on the full name of the Holder, series
and number of the Commercial Papers offered for sale,
address of the Holder for correspondence sending, contact
phone and fax numbers.
Notice is deemed received by the Agent from the
date of delivery to the addressee, subject to the Notice
compliance with all requirements established by the notice
of the purchase of the Commercial Papers. The Issuer has
no obligation to purchase the Commercial Papers in
respect of:
- persons which have not submitted their Notices
within the specified time;
- persons which have submitted the Notice, but the
Notice has not met the established requirements.
c) From 11:00 to 13:00, Moscow time, on the
relevant date of purchase by the Issuer of the Commercial
Papers, which is stated in the notice, the Holder which
previously transferred the Notice to the Agent, delivers the
targeted application (hereinafter - the "Application") for
purchase of a certain number of the Commercial Papers
to the Exchange Bidding System in accordance with the
Bidding Rules, which is addressed to the Agent of the
Issuer, with specification of the price of the Commercial
Paper defined in the notice of the purchase of the
Commercial Papers. The number of the Commercial
Papers in the Application must match the number of the
Commercial Papers mentioned in the Notice. Application
is met only if the number of the bonds specified in it is
equal to the number of the bonds specified in the Notice.
Sufficient evidence of placing the Application by the
Holder for the Commercial Papers sale is an extract from
the register of applications which is compiled in the form
of the relevant Annex to the Bidding Rules for securities at
the Exchange, which is certified by the signature of the
authorized person of the Exchange.
Issuer undertakes, in the period from 14:00 through
16:00, Moscow time, on the relevant date of purchase of
the Commercial Papers, stated in the notice of the
Commercial Papers purchase, to file counter targeted
applications through its Agent to the Applications filed in
accordance with the conditions published in the notice on
purchase of the Commercial Papers and being in
Exchange Bidding System by the time of filing the counter
applications.
If the owners of the Commercial Papers accept
offers for their purchase by the Issuer in respect of a
larger number of the Commercial Papers than that
specified in such an offer, the Issuer purchases the
Commercial Papers from the owners pro rata to the
applied demands, provided that the condition of purchase
of the whole number of the Commercial Papers only is
met.
Possibility of appointment by the Issuer’s
authorized management body of other Purchase Agents
for the commercial papers and termination of such
appointments is stipulated.
Information on the appointment of Purchase Agents
for the Commercial Papers and cancellation of such
appointments is disclosed by the Issuer in the form of a
notice on essential fact in accordance with clause 11 of
Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities.
3. Commercial Papers subsequently purchased by
the Issuer can be re-circulated on the secondary market
(provided that the Issuer complies with the requirements
of the Russian Federation laws).
Period of purchase of the bonds or procedure for its
determining:
Purchase of the Commercial Papers shall be
permitted after their full payment only. Information on
completion of the placement is disclosed in the procedure,
as stated in clause 11 of the Securities Issuance
Resolution and clause 2.9 of the Prospectus of Securities.
Information on purchase of the Commercial Papers on the
demand of their owners is disclosed simultaneously with
the information on the defined interest rates on the
coupons.
- in cases where the purchase of the Commercial
Papers by the Issuer is performed upon the demand of the
owners of the Commercial Papers, the Date of Purchase
by the Issuer of the Commercial Papers is defined in
accordance with clause 10.1 of the Securities Issuance
Resolution and clause 9.1.2. of the Prospectus of
Securities.
- if the Issuer makes a decision on purchase of the
Commercial Papers under agreement with their owners in
accordance with clause 10.2 of the Securities Issuance
Resolution and clause 9.1.2 of the Prospectus of
Securities, including on the basis of public irrevocable
offers of the Issuer which are published in Newswire and
on the Internet webpage containing periods and other
conditions of purchase of the Commercial Papers
determined by the Issuer.
Order disclosure of the information on purchase of
the Commercial Papers:
1. Information on the coupon rates or procedure for
determining the rates on coupons on the Commercial
Papers, defined by the Issuer, starting with the second
one, as well as number of the coupon period (n), in which
the owners of the Commercial Papers may demand
purchase of the Commercial Papers by the Issuer shall be
communicated to potential buyers by way of disclosing
information in the form of notice on essential facts in
accordance with the procedure specified in clause 9.3.1 of
the Securities Issuance Resolution and clause 9.1.2. of the
Prospectus of Securities.
1). Information on the defined rate or procedure for
determining the amount of the coupon rate which is set by
the Issuer before the date of the placement, as well as
ordinal number of the coupon period (n), in which the
owners of the Commercial Papers may demand the
purchase of the Commercial Papers by the Issuer, is
disclosed by the Issuer in the form of a notice on essential
facts "on accrued and (or) paid yields on the issuer's
equity securities" and "on the data which have, according
to the issuer, substantial impact on the value of its equity
securities" no later than 1 (One) day before the date of
commencement of the Commercial Papers placement and
within the following periods as from the date of taking the
decision on the rates or procedure for determining the
interest rate(s) on the coupon(s):
- in the Newswire - not later than 1 (One) day;
- on the Internet webpage - not later than 2 (Two)
days.
In this event, the publication on the webpage on the
Internet is carried out after publication in the Newswire.
Text of the notice on essential fact shall be
available on the Internet webpage as from the date of the
expiration of the period specified in the Regulation on
Information Disclosure by Issuers of Securities for its
publication on the network Internet; if the notice is
published on the network Internet after the expiration of
such a period - as from the date of its publication on the
network Internet and before the expiration of 12 months
as from the date of publication on the Internet.
Issuer shall inform the Exchange of the decisions
taken, including on the defined rates or the procedure for
determining the rates no later than 1 (One) day before the
date of the Bonds placement beginning.
2). Information on the defined rate or procedure for
determining the amount of the coupon rate, determined by
the Issuer of the Commercial Papers after they are fully
paid, and the serial number of the coupon period (n), in
which the owners of the Commercial Papers may demand
the purchase of the Commercial Papers by the Issuer, is
disclosed by the Issuer in the form of a notice on essential
facts "on the accrued and (or) paid yields on the issuer's
equity securities" and "on the data which have, according
to the issuer, material impact on the value of its equity
securities" not later than 5 (Five) calendar days prior to
the date of the beginning of the i-th coupon period on the
Commercial Papers and in the following periods as from
the Date of Establishment of the i-th Coupon:
- in the Newswire - not later than 1 (One) day;
- on the Internet webpage - not later than 2 (Two)
days.
In this event, the publication on the webpage on the
Internet is carried out after publication in the Newswire.
Text of the notice on essential fact shall be
available on the Internet webpage as from the date of the
expiration of the period specified in the Regulation on
Information Disclosure by Issuers of Securities for its
publication on the network Internet; if the notice is
published on the network Internet after the expiration of
such a period - as from the date of its publication on the
network Internet and before the expiration of 12 months
as from the date of publication on the Internet.
Issuer shall inform the Exchange of the defined
rates or the procedure for determining the rate no later
than 5 (Five) calendar days before the date of completion
of the n-th coupon period (the period during which the
interest rate on the (n +1)-th and subsequent coupons is
defined).
2. If the Issuer takes a resolution to purchase the
Commercial Papers under agreement with their owner
(owners), including on the basis of public irrevocable
offers, the notice of the relevant resolution is disclosed no
later than
- in the Newswire - not later than 1 (One) day,
- on the Internet webpage - no later than 2 (Two)
days
as from date of drawing up the minutes of the
meeting of the authorized body of the Issuer, during which
the Issuer decided to purchase the Commercial Papers,
but not later than 7 (Seven) days prior to the
commencement of the period for acceptance of the offer
on the purchase of the Commercial Papers. This notice
includes the following information:
- date of making the resolution to purchase the
Commercial Papers;
- series and form of the Commercial Papers,
identification number and date of admission of the
Commercial Papers for bidding at the stock exchange
during the placement;
- number of purchased Commercial Papers;
- period during which the holder of the Commercial
Papers may give to the Issuer’s Agent a notice in writing
of the intent to sell a certain number of the Commercial
Papers to the Issuer on the terms, as established in the
resolution of the Issuer on the purchase of the
Commercial Papers and set out in the published notice on
the purchase of the Commercial Papers.
- date of beginning of purchase of the Commercial
Papers of the issue by the Issuer;
- date of completion of purchase of the Commercial
Papers of the issue by the Issuer;
- purchase price of the Commercial Papers of the
issue, its determination procedure;
- procedure for the purchase of the Commercial
Papers;
- form and time of payment;
- name of the Agent authorized by the Issuer for the
purchase of the Commercial Papers, its seat, information
on the details of its license of professional participant of
the securities market.
3. Publication by the Issuer of the information on
the purchase of the Commercial Papers on the website is
carried out after publication in the Newswire.
4. Issuer shall disclose information on the results of
the purchase of the Commercial Papers, including on the
number of the purchased Commercial Papers in the
manner of information disclosure on essential facts in
accordance with the regulations of the federal executive
body for the securities market:
• in the Newswire - not later than 1 (One) day as
from the date of the expiry of the established period for
the Commercial Papers purchase;
• on the Internet webpage - not later than 2 (Two)
days as from the date of the expiry of the established
period for the Commercial Papers purchase.
For this purpose, the publication on the website is
carried out after publication in the Newswire.
If at the moment of the occurrence of the event,
about which the Issuer must disclose information in
accordance with the applicable federal laws and
regulations of the federal executive body for the securities
market, a different procedure and timing of information
disclosure is set for such an event, rather than the
procedure and timing established by the Securities
Issuance Resolution and Prospectus of Securities, the
information about such an event is disclosed in the
manner and within the time periods stipulated by the
federal laws and regulations of the federal executive body
for the securities market, which are applicable at the time
of the event occurrence.
Disclosure of information is carried out by the
Issuer independently.
5. Purchase of the Commercial Papers by the
Issuer is carried out through the bidding organizer
referred to in clause 8.3. of the Securities Issuance
Resolution and clause 9.8. of the Prospectus of Securities
in accordance with the regulatory documents governing
the activities of the bidding organizer.
If it is impossible to purchase the Commercial
Papers due to reorganization or liquidation of the bidding
organizer or by virtue of the Russian Federation laws, the
Issuer shall decide on another bidding organizer on the
securities market, through which the transactions on
purchase of the Commercial Papers will be completed.
Purchase of the Commercial Papers in this case will be
carried out in accordance with the regulatory and internal
documents governing the activities of such a bidding
organizer on the securities market.
When the bidding organizer on the securities
market, through which the transactions on purchase of the
Commercial Papers will be completed is changed, the
Issuer shall publish information on a new bidding
organizer on the securities market, through which the
transactions on purchase of the Commercial Papers will
be completed. This information will include:
- full and abbreviated names of the bidding
organizer on the securities market;
- its seat, phone number, fax number;
- license information: number, issue date,
expiration date, issuing authority;
- procedure for the purchase of the Commercial
Papers in accordance with the rules of the bidding
organizer.
Disclosure of information is made by the Issuer in
the form of notice on essential fact in the following
periods as from the date of taking the resolution to change
the bidding organizer on the securities market, through
which the transactions of the purchase of the Commercial
Papers will be completed:
• in the Newswire - not later than 1 (One) day;
• on the Internet webpage - not later than 2 (Two)
days.
For the Commercial Papers of series BO-07:
Possibility of purchase by the Issuer of the
Commercial Papers as agreed with their owner (owners)
and obligation of the Issuer to purchase the Commercial
Papers based on the demand of their owner (owners) with
the possibility of their subsequent circulation are
stipulated. Purchase of the Commercial Papers is
permitted after their full payment only. The Issuer has the
right to purchase the Commercial Papers of this issue by
way of entering into transactions involving the purchase
of the Commercial Papers with the owners of the
Commercial Papers in accordance with the Russian
Federation laws, including on the basis of public
irrevocable offers of the Issuer which are published in the
Newswire.
For the purposes of this clause, the following
definition is introduced:
Purchase Agent – Participant in a bidding process
authorized by the Issuer to purchase the Commercial
Papers.
Underwriter is Purchase Agent.
Sole executive body of the Issuer may appoint other
Purchase Agents and terminate such appointments.
Information on the appointment of Purchase Agents
for the Commercial Papers and cancellation of such
appointments is disclosed by the Issuer in the form of a
notice on essential fact in accordance with clause 11 of
Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities.
1. Purchase of the Commercial Papers by the Issuer
on demand of their owner (owners):
Issuer shall ensure the right of the Commercial
Papers owners to demand from the Issuer the purchase of
the Commercial Papers during the last 5 (Five) calendar
days of the coupon period preceding the coupon period, in
respect of which the coupon amount or the procedure for
determining the coupon amount is determined by the
Issuer after the full payment of the Commercial Papers
(hereinafter - the "Period of Presentation of the
Commercial Papers for Purchase by the Issuer").
Commercial Papers owners have the right to demand from
the Issuer the purchase of the Commercial Papers in the
cases described in clause 9.3.1 of the Securities Issuance
Resolution and clause 9.1.2. of the Prospectus of
Securities.
If the amount of the coupon rates or the procedure
for determining the coupon rates is determined by the
authorized management body of the Issuer after the full
payment of the Commercial Papers simultaneously on
several coupon periods, the Issuer is obliged to purchase
the Commercial Papers under demands of their owners,
which are declared during the last 5 (Five) calendar days
of the coupon period preceding the coupon period, in
respect of which the Issuer determines the specified
coupon rates or procedure for determining coupon rates
simultaneously with other coupon periods, and which
comes first. Purchase of the Commercial Papers before
other coupon periods, in respect of which such amount or
procedure for determining the coupon amount on the
Commercial Papers in this case is not required.
Information about purchase of the Commercial
Papers on demand of their owners is disclosed
simultaneously with the information on the defined coupon
rate:
Information on the coupon rates of the Commercial
Papers determined by the Issuer, starting with the second
one, is brought to potential buyers by way of disclosing in
the notice on essential fact in the manner and time
specified in clause 9.3.1 of the Securities Issuance
Resolution and clause 9.1.2 of the Prospectus of
Securities.
For the purposes of this clause, the following
definitions are introduced:
(i-1) - number of the coupon period, in which the
owners have the right to demand from the Issuer the
purchase of the Commercial Papers.
i - number of the coupon period, in which the
coupon or procedure for determining the coupon is
determined by the Issuer after the full payment of the
Commercial Papers.
Procedure and conditions for the purchase by the
Issuer of the Commercial Papers on the demand of the
Commercial Papers owners:
1) Owner of Commercial Papers which is the
Participant in a bidding process acts independently. If the
owner of the Commercial Papers is not Participant in a
bidding process, it enters into a respective agreement with
any broker which is Participant in a bidding process, and
gives it the instruction to take all necessary actions for
sale of the Commercial Papers to the Issuer. Participant
in a bidding process acting for and on behalf of the
owners of the Commercial Papers, as well as acting on its
own behalf and at its own expense, is hereinafter referred
to as the "Holder" or "Holder of the Commercial Papers."
2) during the Period of Presentation of the
Commercial Papers for Purchase by the Issuer, the
Holder of the Commercial Papers must give to the Issuer's
Agent a notice in writing of its intention to sell a certain
number of the Commercial Papers (hereinafter - the
"Notice"). The Notice shall be signed by the authorized
person of the Holder of the Commercial Papers. Those
Notices are met only, which have been duly executed and
actually received by the Agent of the Issuer during the
Period of Presentation of the Commercial Papers for
Purchase by the Issuer. Regardless of the date of sending
the Notice, the presentations of the Commercial Papers
received by the Agent of the Issuer upon the end of the
Period of Presentation of the Commercial Papers for
Purchase by the Issuer shall not be met.
Notice must be issued on the letterhead of the
Holder under the following form:
"____________________ (full name of the Holder
of the Bonds) announces hereby its intention to sell to JSC
"MOESK" the interest-bearing certified non-convertible
bearer commercial papers with the compulsory
centralized storage of series BO-07, identification number
____________ belonging to __________________ (full
name of the owner of the Commercial Papers) in
accordance with the terms of the Prospectus of Securities
and Securities Issuance Resolution.
_________________________________________
_______________________________________
Full name of the Holder:
_________________________________________
_______________________________________
Quantity of the Commercial Papers offered for sale
(in figures and words)
_________________________________________
_______________________________________
Signature, Seal of the Holder."
3) after transfer of the Notice, the Holder of the
Commercial Papers submits a targeted application for the
sale of the number of the Commercial Papers indicated in
the Notice to the Exchange Bidding System in accordance
with its Bidding Rules in respect of the securities and
other regulations governing the conduct of bidding in
securities at the Exchange (hereinafter - "Bidding Rules"),
addressed to the Agent of the Issuer which was
Participant in a bidding process of the Exchange,
indicating the Commercial Papers Purchase Price (as
defined below). This application shall be presented by the
Holder to the Bidding System from 11:00 to 13:00,
Moscow time, on the Date of Commercial Papers
Purchase.
Date of Commercial Papers Purchase is
determined as the second business day after the date of
beginning of the i-th coupon period on the Commercial
Papers; Commercial Papers Purchase Price is defined as
100 (One hundred) percent of the outstanding part of the
nominal value of the Commercial Papers. For this
purpose, the accumulated coupon yield is paid
additionally, which is calculated at the Date of the
Commercial Papers Purchase.
Outstanding part of the nominal value of the
Commercial Paper is defined as the difference between
the nominal value of one Commercial Paper and its part
repaid in the process of partial early repayment of
Commercial Papers (if the decision on partial early
repayment is made by the Issuer in accordance with
clause 9.5 of Securities Issuance Resolution and clause
9.1.2 of the Prospectus of Securities).
4) Transactions on purchase by the Issuer of the
Commercial Papers from the Holders of the Commercial
Papers are made at the Exchange in accordance with the
Bidding Rules.
Issuer undertakes, in the period from 14:00 through
16:00, Moscow time, on the Date of the Commercial
Papers Purchase by the Issuer, to submit through the
Agent the counter targeted applications to the
applications of the Holders of the Commercial Papers,
from which the Agent of the Issuer received Notices
submitted in accordance with subclause 2) of clause 10.1
of the Securities Issuance Resolution and subclause d) of
clause 9.1.2 of the Prospectus of Securities and being in
the Exchange Bidding System by the time of completion of
the transaction.
Issuer is obliged to purchase all Commercial
Papers, the applications for the purchase of which were
received from the owners / holders of the Commercial
Papers within the period set forth by the Securities
Issuance Resolution and Prospectus of Securities.
Taking by the Issuer’s authorized management
body of the resolution to purchase the Commercial Papers
is not required, since the order of purchase of the
Commercial Papers by the Issuer on the demand of their
owners is set forth in the Securities Issuance Resolution
and the Prospectus of Securities.
Possibility of appointment by the Issuer’s
authorized management body of other Purchase Agents
for the Commercial Papers and termination of such
appointments is stipulated.
Information on the appointment of Purchase Agents
for the Commercial Papers and cancellation of such
appointments is disclosed by the Issuer in the form of a
notice on essential fact in accordance with clause 11 of
Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities.
Taking by the Issuer of separate resolutions to
purchase the Commercial Papers on demand of their
owners is not required.
2. Purchase of the Commercial Papers by the Issuer
under agreement with the owner (owners):
Securities Issuance Resolution and Prospectus of
Securities provide for the possibility of purchase of the
Commercial Papers by the Issuer under agreement with
their owner (owners) with possibility of their subsequent
circulation. The Issuer has the right to purchase the
Commercial Papers by way of entering into contracts for
the purchase of the Commercial Papers in accordance
with the Russian Federation laws, including on the basis
of public irrevocable offers of the Issuer, which are
published in the Newswire. The resolution on purchase of
the Commercial Papers, including on the basis of public
irrevocable offers, is made by the authorized management
body of the Issuer. When making this resolution, the
authorized management body of the Issuer must set the
conditions, procedures and terms of purchase of the
Commercial Papers, which will be published in the
Newswire and on the website no later than 7 (Seven) days
prior to the commencement of the acceptance of the offer
to purchase the Commercial Papers. For this purpose, the
period for the purchase of the Commercial Papers cannot
occur before the full payment of the Commercial Papers.
Purchase of the Commercial Papers under
agreement with their owner (owners) with possibility of
subsequent circulation is carried out in the following
order:
a) Resolution on purchase of the Commercial
Papers is taken by the Issuer’s authorized management
body subject to the provisions of the Securities Issuance
Resolution, Securities Prospectus and Charter of the
Issuer.
b) In accordance with the terms, conditions and
order of the purchase of the Commercial Papers,
published in the Newswire and on the website, the Issuer
purchases the Commercial Papers from the owners of the
Commercial Papers by way of entering into transactions
of purchase of the Commercial Papers using the Exchange
Bidding System. Owner of the Commercial Papers which
is Participant in a bidding process of the Exchange and
wishing to sell the Commercial Papers to the Issuer shall
act independently. If the owner of the Commercial Papers
is not Participant in a bidding process of the Exchange, it
may enter into a respective agreement with any
Participant in a bidding process of the Exchange, and give
it the instruction to sell the Commercial Papers to the
Issuer.
Holder of the Commercial Papers within the time
specified in the published notice of the purchase of the
Commercial Papers shall deliver to the Issuer’s Agent the
Notice of the intent to sell a certain number of the
Commercial Papers to the Issuer on the terms stated in the
published notice of the purchase of the Commercial
Papers. The said Notice shall be signed by the authorized
person of the Holder of the Commercial Papers and
contain information on the full name of the Holder, series
and number of the Commercial Papers offered for sale,
address of the Holder for correspondence sending, contact
phone and fax numbers.
Notice is deemed received by the Agent from the
date of delivery to the addressee, subject to the Notice
compliance with all requirements established by the notice
of the purchase of the Commercial Papers. The Issuer has
no obligation to purchase the Commercial Papers in
respect of:
- persons which have not submitted their Notices
within the specified time;
- persons which have submitted the Notice, but the
Notice has not met the established requirements.
c) From 11:00 to 13:00, Moscow time, on the
relevant date of purchase by the Issuer of the Commercial
Papers, which is stated in the notice, the Holder which
previously transferred the Notice to the Agent, delivers the
targeted application (hereinafter - the "Application") for
purchase of a certain number of the Commercial Papers
to the Exchange Bidding System in accordance with the
Bidding Rules, which is addressed to the Agent of the
Issuer, with specification of the price of the Commercial
Paper defined in the notice of the purchase of the
Commercial Papers. The number of the Commercial
Papers in the Application must match the number of the
Commercial Papers mentioned in the Notice. Application
is met only if the number of the bonds specified in it is
equal to the number of the bonds specified in the Notice.
Sufficient evidence of placing the Application by the
Holder for the Commercial Papers sale is an extract from
the register of applications which is compiled in the form
of the relevant Annex to the Bidding Rules for securities at
the Exchange, which is certified by the signature of the
authorized person of the Exchange.
Issuer undertakes, in the period from 14:00 through
16:00, Moscow time, on the relevant date of purchase of
the Commercial Papers, stated in the notice of the
Commercial Papers purchase, to file counter targeted
applications through its Agent to the Applications filed in
accordance with the conditions published in the notice on
purchase of the Commercial Papers and being in
Exchange Bidding System by the time of filing the counter
applications.
If the owners of the Commercial Papers accept
offers for their purchase by the Issuer in respect of a
larger number of the Commercial Papers than that
specified in such an offer, the Issuer purchases the
Commercial Papers from the owners pro rata to the
applied demands, provided that the condition of purchase
of the whole number of the Commercial Papers only is
met.
Possibility of appointment by the Issuer’s
authorized management body of other Purchase Agents
for the commercial papers and termination of such
appointments is stipulated.
Information on the appointment of Purchase Agents
for the Commercial Papers and cancellation of such
appointments is disclosed by the Issuer in the form of a
notice on essential fact in accordance with clause 11 of
Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities.
3. Commercial Papers subsequently purchased by
the Issuer can be re-circulated on the secondary market
(provided that the Issuer complies with the requirements
of the Russian Federation laws).
Period of purchase of the bonds or procedure for its
determining:
Purchase of the Commercial Papers shall be
permitted after their full payment only. Information on
completion of the placement is disclosed in the procedure,
as stated in clause 11 of the Securities Issuance
Resolution and clause 2.9 of the Prospectus of Securities.
Information on purchase of the Commercial Papers on the
demand of their owners is disclosed simultaneously with
the information on the defined interest rates on the
coupons.
- in cases where the purchase of the Commercial
Papers by the Issuer is performed upon the demand of the
owners of the Commercial Papers, the Date of Purchase
by the Issuer of the Commercial Papers is defined in
accordance with clause 10.1 of the Securities Issuance
Resolution and clause 9.1.2. of the Prospectus of
Securities.
- if the Issuer makes a decision on purchase of the
Commercial Papers under agreement with their owners in
accordance with clause 10.2 of the Securities Issuance
Resolution and clause 9.1.2 of the Prospectus of
Securities, including on the basis of public irrevocable
offers of the Issuer which are published in Newswire and
on the Internet webpage containing periods and other
conditions of purchase of the Commercial Papers
determined by the Issuer.
Order disclosure of the information on purchase of
the Commercial Papers:
1. Information on the coupon rates or procedure for
determining the rates on coupons on the Commercial
Papers, defined by the Issuer, starting with the second
one, as well as number of the coupon period (n), in which
the owners of the Commercial Papers may demand
purchase of the Commercial Papers by the Issuer shall be
communicated to potential buyers by way of disclosing
information in the form of notice on essential facts in
accordance with the procedure specified in clause 9.3.1 of
the Securities Issuance Resolution and clause 9.1.2. of the
Prospectus of Securities.
1). Information on the defined rate or procedure for
determining the amount of the coupon rate which is set by
the Issuer before the date of the placement, as well as
ordinal number of the coupon period (n), in which the
owners of the Commercial Papers may demand the
purchase of the Commercial Papers by the Issuer, is
disclosed by the Issuer in the form of a notice on essential
facts "on accrued and (or) paid yields on the issuer's
equity securities" and "on the data which have, according
to the issuer, substantial impact on the value of its equity
securities" no later than 1 (One) day before the date of
commencement of the Commercial Papers placement and
within the following periods as from the date of taking the
decision on the rates or procedure for determining the
interest rate(s) on the coupon(s):
- in the Newswire - not later than 1 (One) day;
- on the Internet webpage - not later than 2 (Two)
days.
In this event, the publication on the webpage on the
Internet is carried out after publication in the Newswire.
Text of the notice on essential fact shall be
available on the Internet webpage as from the date of the
expiration of the period specified in the Regulation on
Information Disclosure by Issuers of Securities for its
publication on the network Internet; if the notice is
published on the network Internet after the expiration of
such a period - as from the date of its publication on the
network Internet and before the expiration of 12 months
as from the date of publication on the Internet.
Issuer shall inform the Exchange of the decisions
taken, including on the defined rates or the procedure for
determining the rates no later than 1 (One) day before the
date of the Bonds placement beginning.
2). Information on the defined rate or procedure for
determining the amount of the coupon rate, determined by
the Issuer of the Commercial Papers after they are fully
paid, and the serial number of the coupon period (n), in
which the owners of the Commercial Papers may demand
the purchase of the Commercial Papers by the Issuer, is
disclosed by the Issuer in the form of a notice on essential
facts "on the accrued and (or) paid yields on the issuer's
equity securities" and "on the data which have, according
to the issuer, material impact on the value of its equity
securities" not later than 5 (Five) calendar days prior to
the date of the beginning of the i-th coupon period on the
Commercial Papers and in the following periods as from
the Date of Establishment of the i-th Coupon:
- in the Newswire - not later than 1 (One) day;
- on the Internet webpage - not later than 2 (Two)
days.
In this event, the publication on the webpage on the
Internet is carried out after publication in the Newswire.
Text of the notice on essential fact shall be
available on the Internet webpage as from the date of the
expiration of the period specified in the Regulation on
Information Disclosure by Issuers of Securities for its
publication on the network Internet; if the notice is
published on the network Internet after the expiration of
such a period - as from the date of its publication on the
network Internet and before the expiration of 12 months
as from the date of publication on the Internet.
Issuer shall inform the Exchange of the defined
rates or the procedure for determining the rate no later
than 5 (Five) calendar days before the date of completion
of the n-th coupon period (the period during which the
interest rate on the (n +1)-th and subsequent coupons is
defined).
2. If the Issuer takes a resolution to purchase the
Commercial Papers under agreement with their owner
(owners), including on the basis of public irrevocable
offers, the notice of the relevant resolution is disclosed no
later than
- in the Newswire - not later than 1 (One) day,
- on the Internet webpage - no later than 2 (Two)
days
as from date of drawing up the minutes of the
meeting of the authorized body of the Issuer, during which
the Issuer decided to purchase the Commercial Papers,
but not later than 7 (Seven) days prior to the
commencement of the period for acceptance of the offer
on the purchase of the Commercial Papers. This notice
includes the following information:
- date of making the resolution to purchase the
Commercial Papers;
- series and form of the Commercial Papers,
identification number and date of admission of the
Commercial Papers for bidding at the stock exchange
during the placement;
- number of purchased Commercial Papers;
- period during which the holder of the Commercial
Papers may give to the Issuer’s Agent a notice in writing
of the intent to sell a certain number of the Commercial
Papers to the Issuer on the terms, as established in the
resolution of the Issuer on the purchase of the
Commercial Papers and set out in the published notice on
the purchase of the Commercial Papers.
- date of beginning of purchase of the Commercial
Papers of the issue by the Issuer;
- date of completion of purchase of the Commercial
Papers of the issue by the Issuer;
- purchase price of the Commercial Papers of the
issue, its determination procedure;
- procedure for the purchase of the Commercial
Papers;
- form and time of payment;
- name of the Agent authorized by the Issuer for the
purchase of the Commercial Papers, its seat, information
on the details of its license of professional participant of
the securities market.
3. Publication by the Issuer of the information on
the purchase of the Commercial Papers on the website is
carried out after publication in the Newswire.
4. Issuer shall disclose information on the results of
the purchase of the Commercial Papers, including on the
number of the purchased Commercial Papers in the
manner of information disclosure on essential facts in
accordance with the regulations of the federal executive
body for the securities market:
• in the Newswire - not later than 1 (One) day as
from the date of the expiry of the established period for
the Commercial Papers purchase;
• on the Internet webpage - not later than 2 (Two)
days as from the date of the expiry of the established
period for the Commercial Papers purchase.
For this purpose, the publication on the website is
carried out after publication in the Newswire.
If at the moment of the occurrence of the event,
about which the Issuer must disclose information in
accordance with the applicable federal laws and
regulations of the federal executive body for the securities
market, a different procedure and timing of information
disclosure is set for such an event, rather than the
procedure and timing established by the Securities
Issuance Resolution and Prospectus of Securities, the
information about such an event is disclosed in the
manner and within the time periods stipulated by the
federal laws and regulations of the federal executive body
for the securities market, which are applicable at the time
of the event occurrence.
Disclosure of information is carried out by the
Issuer independently.
5. Purchase of the Commercial Papers by the
Issuer is carried out through the bidding organizer
referred to in clause 8.3. of the Securities Issuance
Resolution and clause 9.8. of the Prospectus of Securities
in accordance with the regulatory documents governing
the activities of the bidding organizer.
If it is impossible to purchase the Commercial
Papers due to reorganization or liquidation of the bidding
organizer or by virtue of the Russian Federation laws, the
Issuer shall decide on another bidding organizer on the
securities market, through which the transactions on
purchase of the Commercial Papers will be completed.
Purchase of the Commercial Papers in this case will be
carried out in accordance with the regulatory and internal
documents governing the activities of such a bidding
organizer on the securities market.
When the bidding organizer on the securities
market, through which the transactions on purchase of the
Commercial Papers will be completed is changed, the
Issuer shall publish information on a new bidding
organizer on the securities market, through which the
transactions on purchase of the Commercial Papers will
be completed. This information will include:
- full and abbreviated names of the bidding
organizer on the securities market;
- its seat, phone number, fax number;
- license information: number, issue date,
expiration date, issuing authority;
- procedure for the purchase of the Commercial
Papers in accordance with the rules of the bidding
organizer.
Disclosure of information is made by the Issuer in
the form of notice on essential fact in the following
periods as from the date of taking the resolution to change
the bidding organizer on the securities market, through
which the transactions of the purchase of the Commercial
Papers will be completed:
• in the Newswire - not later than 1 (One) day;
• on the Internet webpage - not later than 2 (Two)
days.
For the Commercial Papers of series BO-08:
Possibility of purchase by the Issuer of the
Commercial Papers as agreed with their owner (owners)
and obligation of the Issuer to purchase the Commercial
Papers based on the demand of their owner (owners) with
the possibility of their subsequent circulation are
stipulated. Purchase of the Commercial Papers is
permitted after their full payment only. The Issuer has the
right to purchase the Commercial Papers of this issue by
way of entering into transactions involving the purchase
of the Commercial Papers with the owners of the
Commercial Papers in accordance with the Russian
Federation laws, including on the basis of public
irrevocable offers of the Issuer which are published in the
Newswire.
For the purposes of this clause, the following
definition is introduced:
Purchase Agent – Participant in a bidding process
authorized by the Issuer to purchase the Commercial
Papers.
Underwriter is Purchase Agent.
Sole executive body of the Issuer may appoint other
Purchase Agents and terminate such appointments.
Information on the appointment of Purchase Agents
for the Commercial Papers and cancellation of such
appointments is disclosed by the Issuer in the form of a
notice on essential fact in accordance with clause 11 of
Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities.
1. Purchase of the Commercial Papers by the Issuer
on demand of their owner (owners):
Issuer shall ensure the right of the Commercial
Papers owners to demand from the Issuer the purchase of
the Commercial Papers during the last 5 (Five) calendar
days of the coupon period preceding the coupon period, in
respect of which the coupon amount or the procedure for
determining the coupon amount is determined by the
Issuer after the full payment of the Commercial Papers
(hereinafter - the "Period of Presentation of the
Commercial Papers for Purchase by the Issuer").
Commercial Papers owners have the right to demand from
the Issuer the purchase of the Commercial Papers in the
cases described in clause 9.3.1 of the Securities Issuance
Resolution and clause 9.1.2. of the Prospectus of
Securities.
If the amount of the coupon rates or the procedure
for determining the coupon rates is determined by the
authorized management body of the Issuer after the full
payment of the Commercial Papers simultaneously on
several coupon periods, the Issuer is obliged to purchase
the Commercial Papers under demands of their owners,
which are declared during the last 5 (Five) calendar days
of the coupon period preceding the coupon period, in
respect of which the Issuer determines the specified
coupon rates or procedure for determining coupon rates
simultaneously with other coupon periods, and which
comes first. Purchase of the Commercial Papers before
other coupon periods, in respect of which such amount or
procedure for determining the coupon amount on the
Commercial Papers in this case is not required.
Information about purchase of the Commercial
Papers on demand of their owners is disclosed
simultaneously with the information on the defined coupon
rate:
Information on the coupon rates of the Commercial
Papers determined by the Issuer, starting with the second
one, is brought to potential buyers by way of disclosing in
the notice on essential fact in the manner and time
specified in clause 9.3.1 of the Securities Issuance
Resolution and clause 9.1.2 of the Prospectus of
Securities.
For the purposes of this clause, the following
definitions are introduced:
(i-1) - number of the coupon period, in which the
owners have the right to demand from the Issuer the
purchase of the Commercial Papers.
i - number of the coupon period, in which the
coupon or procedure for determining the coupon is
determined by the Issuer after the full payment of the
Commercial Papers.
Procedure and conditions for the purchase by the
Issuer of the Commercial Papers on the demand of the
Commercial Papers owners:
1) Owner of Commercial Papers which is the
Participant in a bidding process acts independently. If the
owner of the Commercial Papers is not Participant in a
bidding process, it enters into a respective agreement with
any broker which is Participant in a bidding process, and
gives it the instruction to take all necessary actions for
sale of the Commercial Papers to the Issuer. Participant
in a bidding process acting for and on behalf of the
owners of the Commercial Papers, as well as acting on its
own behalf and at its own expense, is hereinafter referred
to as the "Holder" or "Holder of the Commercial Papers."
2) during the Period of Presentation of the
Commercial Papers for Purchase by the Issuer, the
Holder of the Commercial Papers must give to the Issuer's
Agent a notice in writing of its intention to sell a certain
number of the Commercial Papers (hereinafter - the
"Notice"). The Notice shall be signed by the authorized
person of the Holder of the Commercial Papers. Those
Notices are met only, which have been duly executed and
actually received by the Agent of the Issuer during the
Period of Presentation of the Commercial Papers for
Purchase by the Issuer. Regardless of the date of sending
the Notice, the presentations of the Commercial Papers
received by the Agent of the Issuer upon the end of the
Period of Presentation of the Commercial Papers for
Purchase by the Issuer shall not be met.
Notice must be issued on the letterhead of the
Holder under the following form:
"____________________ (full name of the Holder
of the Bonds) announces hereby its intention to sell to JSC
"MOESK" the interest-bearing certified non-convertible
bearer commercial papers with the compulsory
centralized storage of series BO-08, identification number
____________ belonging to __________________ (full
name of the owner of the Commercial Papers) in
accordance with the terms of the Prospectus of Securities
and Securities Issuance Resolution.
_________________________________________
_______________________________________
Full name of the Holder:
_________________________________________
_______________________________________
Quantity of the Commercial Papers offered for sale
(in figures and words)
_________________________________________
_______________________________________
Signature, Seal of the Holder."
3) after transfer of the Notice, the Holder of the
Commercial Papers submits a targeted application for the
sale of the number of the Commercial Papers indicated in
the Notice to the Exchange Bidding System in accordance
with its Bidding Rules in respect of the securities and
other regulations governing the conduct of bidding in
securities at the Exchange (hereinafter - "Bidding Rules"),
addressed to the Agent of the Issuer which was
Participant in a bidding process of the Exchange,
indicating the Commercial Papers Purchase Price (as
defined below). This application shall be presented by the
Holder to the Bidding System from 11:00 to 13:00,
Moscow time, on the Date of Commercial Papers
Purchase.
Date of Commercial Papers Purchase is
determined as the second business day after the date of
beginning of the i-th coupon period on the Commercial
Papers; Commercial Papers Purchase Price is defined as
100 (One hundred) percent of the outstanding part of the
nominal value of the Commercial Papers. For this
purpose, the accumulated coupon yield is paid
additionally, which is calculated at the Date of the
Commercial Papers Purchase.
Outstanding part of the nominal value of the
Commercial Paper is defined as the difference between
the nominal value of one Commercial Paper and its part
repaid in the process of partial early repayment of
Commercial Papers (if the decision on partial early
repayment is made by the Issuer in accordance with
clause 9.5 of Securities Issuance Resolution and clause
9.1.2 of the Prospectus of Securities).
4) Transactions on purchase by the Issuer of the
Commercial Papers from the Holders of the Commercial
Papers are made at the Exchange in accordance with the
Bidding Rules.
Issuer undertakes, in the period from 14:00 through
16:00, Moscow time, on the Date of the Commercial
Papers Purchase by the Issuer, to submit through the
Agent the counter targeted applications to the
applications of the Holders of the Commercial Papers,
from which the Agent of the Issuer received Notices
submitted in accordance with subclause 2) of clause 10.1
of the Securities Issuance Resolution and subclause d) of
clause 9.1.2 of the Prospectus of Securities and being in
the Exchange Bidding System by the time of completion of
the transaction.
Issuer is obliged to purchase all Commercial
Papers, the applications for the purchase of which were
received from the owners / holders of the Commercial
Papers within the period set forth by the Securities
Issuance Resolution and Prospectus of Securities.
Taking by the Issuer’s authorized management
body of the resolution to purchase the Commercial Papers
is not required, since the order of purchase of the
Commercial Papers by the Issuer on the demand of their
owners is set forth in the Securities Issuance Resolution
and the Prospectus of Securities.
Possibility of appointment by the Issuer’s
authorized management body of other Purchase Agents
for the Commercial Papers and termination of such
appointments is stipulated.
Information on the appointment of Purchase Agents
for the Commercial Papers and cancellation of such
appointments is disclosed by the Issuer in the form of a
notice on essential fact in accordance with clause 11 of
Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities.
Taking by the Issuer of separate resolutions to
purchase the Commercial Papers on demand of their
owners is not required.
2. Purchase of the Commercial Papers by the Issuer
under agreement with the owner (owners):
Securities Issuance Resolution and Prospectus of
Securities provide for the possibility of purchase of the
Commercial Papers by the Issuer under agreement with
their owner (owners) with possibility of their subsequent
circulation. The Issuer has the right to purchase the
Commercial Papers by way of entering into contracts for
the purchase of the Commercial Papers in accordance
with the Russian Federation laws, including on the basis
of public irrevocable offers of the Issuer, which are
published in the Newswire. The resolution on purchase of
the Commercial Papers, including on the basis of public
irrevocable offers, is made by the authorized management
body of the Issuer. When making this resolution, the
authorized management body of the Issuer must set the
conditions, procedures and terms of purchase of the
Commercial Papers, which will be published in the
Newswire and on the website no later than 7 (Seven) days
prior to the commencement of the acceptance of the offer
to purchase the Commercial Papers. For this purpose, the
period for the purchase of the Commercial Papers cannot
occur before the full payment of the Commercial Papers.
Purchase of the Commercial Papers under
agreement with their owner (owners) with possibility of
subsequent circulation is carried out in the following
order:
a) Resolution on purchase of the Commercial
Papers is taken by the Issuer’s authorized management
body subject to the provisions of the Securities Issuance
Resolution, Securities Prospectus and Charter of the
Issuer.
b) In accordance with the terms, conditions and
order of the purchase of the Commercial Papers,
published in the Newswire and on the website, the Issuer
purchases the Commercial Papers from the owners of the
Commercial Papers by way of entering into transactions
of purchase of the Commercial Papers using the Exchange
Bidding System. Owner of the Commercial Papers which
is Participant in a bidding process of the Exchange and
wishing to sell the Commercial Papers to the Issuer shall
act independently. If the owner of the Commercial Papers
is not Participant in a bidding process of the Exchange, it
may enter into a respective agreement with any
Participant in a bidding process of the Exchange, and give
it the instruction to sell the Commercial Papers to the
Issuer.
Holder of the Commercial Papers within the time
specified in the published notice of the purchase of the
Commercial Papers shall deliver to the Issuer’s Agent the
Notice of the intent to sell a certain number of the
Commercial Papers to the Issuer on the terms stated in the
published notice of the purchase of the Commercial
Papers. The said Notice shall be signed by the authorized
person of the Holder of the Commercial Papers and
contain information on the full name of the Holder, series
and number of the Commercial Papers offered for sale,
address of the Holder for correspondence sending, contact
phone and fax numbers.
Notice is deemed received by the Agent from the
date of delivery to the addressee, subject to the Notice
compliance with all requirements established by the notice
of the purchase of the Commercial Papers. The Issuer has
no obligation to purchase the Commercial Papers in
respect of:
- persons which have not submitted their Notices
within the specified time;
- persons which have submitted the Notice, but the
Notice has not met the established requirements.
c) From 11:00 to 13:00, Moscow time, on the
relevant date of purchase by the Issuer of the Commercial
Papers, which is stated in the notice, the Holder which
previously transferred the Notice to the Agent, delivers the
targeted application (hereinafter - the "Application") for
purchase of a certain number of the Commercial Papers
to the Exchange Bidding System in accordance with the
Bidding Rules, which is addressed to the Agent of the
Issuer, with specification of the price of the Commercial
Paper defined in the notice of the purchase of the
Commercial Papers. The number of the Commercial
Papers in the Application must match the number of the
Commercial Papers mentioned in the Notice. Application
is met only if the number of the bonds specified in it is
equal to the number of the bonds specified in the Notice.
Sufficient evidence of placing the Application by the
Holder for the Commercial Papers sale is an extract from
the register of applications which is compiled in the form
of the relevant Annex to the Bidding Rules for securities at
the Exchange, which is certified by the signature of the
authorized person of the Exchange.
Issuer undertakes, in the period from 14:00 through
16:00, Moscow time, on the relevant date of purchase of
the Commercial Papers, stated in the notice of the
Commercial Papers purchase, to file counter targeted
applications through its Agent to the Applications filed in
accordance with the conditions published in the notice on
purchase of the Commercial Papers and being in
Exchange Bidding System by the time of filing the counter
applications.
If the owners of the Commercial Papers accept
offers for their purchase by the Issuer in respect of a
larger number of the Commercial Papers than that
specified in such an offer, the Issuer purchases the
Commercial Papers from the owners pro rata to the
applied demands, provided that the condition of purchase
of the whole number of the Commercial Papers only is
met.
Possibility of appointment by the Issuer’s
authorized management body of other Purchase Agents
for the commercial papers and termination of such
appointments is stipulated.
Information on the appointment of Purchase Agents
for the Commercial Papers and cancellation of such
appointments is disclosed by the Issuer in the form of a
notice on essential fact in accordance with clause 11 of
Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities.
3. Commercial Papers subsequently purchased by
the Issuer can be re-circulated on the secondary market
(provided that the Issuer complies with the requirements
of the Russian Federation laws).
Period of purchase of the bonds or procedure for its
determining:
Purchase of the Commercial Papers shall be
permitted after their full payment only. Information on
completion of the placement is disclosed in the procedure,
as stated in clause 11 of the Securities Issuance
Resolution and clause 2.9 of the Prospectus of Securities.
Information on purchase of the Commercial Papers on the
demand of their owners is disclosed simultaneously with
the information on the defined interest rates on the
coupons.
- in cases where the purchase of the Commercial
Papers by the Issuer is performed upon the demand of the
owners of the Commercial Papers, the Date of Purchase
by the Issuer of the Commercial Papers is defined in
accordance with clause 10.1 of the Securities Issuance
Resolution and clause 9.1.2. of the Prospectus of
Securities.
- if the Issuer makes a decision on purchase of the
Commercial Papers under agreement with their owners in
accordance with clause 10.2 of the Securities Issuance
Resolution and clause 9.1.2 of the Prospectus of
Securities, including on the basis of public irrevocable
offers of the Issuer which are published in Newswire and
on the Internet webpage containing periods and other
conditions of purchase of the Commercial Papers
determined by the Issuer.
Order disclosure of the information on purchase of
the Commercial Papers:
1. Information on the coupon rates or procedure for
determining the rates on coupons on the Commercial
Papers, defined by the Issuer, starting with the second
one, as well as number of the coupon period (n), in which
the owners of the Commercial Papers may demand
purchase of the Commercial Papers by the Issuer shall be
communicated to potential buyers by way of disclosing
information in the form of notice on essential facts in
accordance with the procedure specified in clause 9.3.1 of
the Securities Issuance Resolution and clause 9.1.2. of the
Prospectus of Securities.
1). Information on the defined rate or procedure for
determining the amount of the coupon rate which is set by
the Issuer before the date of the placement, as well as
ordinal number of the coupon period (n), in which the
owners of the Commercial Papers may demand the
purchase of the Commercial Papers by the Issuer, is
disclosed by the Issuer in the form of a notice on essential
facts "on accrued and (or) paid yields on the issuer's
equity securities" and "on the data which have, according
to the issuer, substantial impact on the value of its equity
securities" no later than 1 (One) day before the date of
commencement of the Commercial Papers placement and
within the following periods as from the date of taking the
decision on the rates or procedure for determining the
interest rate(s) on the coupon(s):
- in the Newswire - not later than 1 (One) day;
- on the Internet webpage - not later than 2 (Two)
days.
In this event, the publication on the webpage on the
Internet is carried out after publication in the Newswire.
Text of the notice on essential fact shall be
available on the Internet webpage as from the date of the
expiration of the period specified in the Regulation on
Information Disclosure by Issuers of Securities for its
publication on the network Internet; if the notice is
published on the network Internet after the expiration of
such a period - as from the date of its publication on the
network Internet and before the expiration of 12 months
as from the date of publication on the Internet.
Issuer shall inform the Exchange of the decisions
taken, including on the defined rates or the procedure for
determining the rates no later than 1 (One) day before the
date of the Bonds placement beginning.
2). Information on the defined rate or procedure for
determining the amount of the coupon rate, determined by
the Issuer of the Commercial Papers after they are fully
paid, and the serial number of the coupon period (n), in
which the owners of the Commercial Papers may demand
the purchase of the Commercial Papers by the Issuer, is
disclosed by the Issuer in the form of a notice on essential
facts "on the accrued and (or) paid yields on the issuer's
equity securities" and "on the data which have, according
to the issuer, material impact on the value of its equity
securities" not later than 5 (Five) calendar days prior to
the date of the beginning of the i-th coupon period on the
Commercial Papers and in the following periods as from
the Date of Establishment of the i-th Coupon:
- in the Newswire - not later than 1 (One) day;
- on the Internet webpage - not later than 2 (Two)
days.
In this event, the publication on the webpage on the
Internet is carried out after publication in the Newswire.
Text of the notice on essential fact shall be
available on the Internet webpage as from the date of the
expiration of the period specified in the Regulation on
Information Disclosure by Issuers of Securities for its
publication on the network Internet; if the notice is
published on the network Internet after the expiration of
such a period - as from the date of its publication on the
network Internet and before the expiration of 12 months
as from the date of publication on the Internet.
Issuer shall inform the Exchange of the defined
rates or the procedure for determining the rate no later
than 5 (Five) calendar days before the date of completion
of the n-th coupon period (the period during which the
interest rate on the (n +1)-th and subsequent coupons is
defined).
2. If the Issuer takes a resolution to purchase the
Commercial Papers under agreement with their owner
(owners), including on the basis of public irrevocable
offers, the notice of the relevant resolution is disclosed no
later than
- in the Newswire - not later than 1 (One) day,
- on the Internet webpage - no later than 2 (Two)
days
as from date of drawing up the minutes of the
meeting of the authorized body of the Issuer, during which
the Issuer decided to purchase the Commercial Papers,
but not later than 7 (Seven) days prior to the
commencement of the period for acceptance of the offer
on the purchase of the Commercial Papers. This notice
includes the following information:
- date of making the resolution to purchase the
Commercial Papers;
- series and form of the Commercial Papers,
identification number and date of admission of the
Commercial Papers for bidding at the stock exchange
during the placement;
- number of purchased Commercial Papers;
- period during which the holder of the Commercial
Papers may give to the Issuer’s Agent a notice in writing
of the intent to sell a certain number of the Commercial
Papers to the Issuer on the terms, as established in the
resolution of the Issuer on the purchase of the
Commercial Papers and set out in the published notice on
the purchase of the Commercial Papers.
- date of beginning of purchase of the Commercial
Papers of the issue by the Issuer;
- date of completion of purchase of the Commercial
Papers of the issue by the Issuer;
- purchase price of the Commercial Papers of the
issue, its determination procedure;
- procedure for the purchase of the Commercial
Papers;
- form and time of payment;
- name of the Agent authorized by the Issuer for the
purchase of the Commercial Papers, its seat, information
on the details of its license of professional participant of
the securities market.
3. Publication by the Issuer of the information on
the purchase of the Commercial Papers on the website is
carried out after publication in the Newswire.
4. Issuer shall disclose information on the results of
the purchase of the Commercial Papers, including on the
number of the purchased Commercial Papers in the
manner of information disclosure on essential facts in
accordance with the regulations of the federal executive
body for the securities market:
• in the Newswire - not later than 1 (One) day as
from the date of the expiry of the established period for
the Commercial Papers purchase;
• on the Internet webpage - not later than 2 (Two)
days as from the date of the expiry of the established
period for the Commercial Papers purchase.
For this purpose, the publication on the website is
carried out after publication in the Newswire.
If at the moment of the occurrence of the event,
about which the Issuer must disclose information in
accordance with the applicable federal laws and
regulations of the federal executive body for the securities
market, a different procedure and timing of information
disclosure is set for such an event, rather than the
procedure and timing established by the Securities
Issuance Resolution and Prospectus of Securities, the
information about such an event is disclosed in the
manner and within the time periods stipulated by the
federal laws and regulations of the federal executive body
for the securities market, which are applicable at the time
of the event occurrence.
Disclosure of information is carried out by the
Issuer independently.
5. Purchase of the Commercial Papers by the
Issuer is carried out through the bidding organizer
referred to in clause 8.3. of the Securities Issuance
Resolution and clause 9.8. of the Prospectus of Securities
in accordance with the regulatory documents governing
the activities of the bidding organizer.
If it is impossible to purchase the Commercial
Papers due to reorganization or liquidation of the bidding
organizer or by virtue of the Russian Federation laws, the
Issuer shall decide on another bidding organizer on the
securities market, through which the transactions on
purchase of the Commercial Papers will be completed.
Purchase of the Commercial Papers in this case will be
carried out in accordance with the regulatory and internal
documents governing the activities of such a bidding
organizer on the securities market.
When the bidding organizer on the securities
market, through which the transactions on purchase of the
Commercial Papers will be completed is changed, the
Issuer shall publish information on a new bidding
organizer on the securities market, through which the
transactions on purchase of the Commercial Papers will
be completed. This information will include:
- full and abbreviated names of the bidding
organizer on the securities market;
- its seat, phone number, fax number;
- license information: number, issue date,
expiration date, issuing authority;
- procedure for the purchase of the Commercial
Papers in accordance with the rules of the bidding
organizer.
Disclosure of information is made by the Issuer in
the form of notice on essential fact in the following
periods as from the date of taking the resolution to change
the bidding organizer on the securities market, through
which the transactions of the purchase of the Commercial
Papers will be completed:
• in the Newswire - not later than 1 (One) day;
• on the Internet webpage - not later than 2 (Two)
days.
For the Commercial Papers of series BO-09:
Possibility of purchase by the Issuer of the
Commercial Papers as agreed with their owner (owners)
and obligation of the Issuer to purchase the Commercial
Papers based on the demand of their owner (owners) with
the possibility of their subsequent circulation are
stipulated. Purchase of the Commercial Papers is
permitted after their full payment only. The Issuer has the
right to purchase the Commercial Papers of this issue by
way of entering into transactions involving the purchase
of the Commercial Papers with the owners of the
Commercial Papers in accordance with the Russian
Federation laws, including on the basis of public
irrevocable offers of the Issuer which are published in the
Newswire.
For the purposes of this clause, the following
definition is introduced:
Purchase Agent – Participant in a bidding process
authorized by the Issuer to purchase the Commercial
Papers.
Underwriter is Purchase Agent.
Sole executive body of the Issuer may appoint other
Purchase Agents and terminate such appointments.
Information on the appointment of Purchase Agents
for the Commercial Papers and cancellation of such
appointments is disclosed by the Issuer in the form of a
notice on essential fact in accordance with clause 11 of
Securities Issuance Resolution and clause 2.9 of the
Prospectus of Securities.
1. Purchase of the Commercial Papers by the Issuer
on demand of their owner (owners):
Issuer shall ensure the right of the Commercial
Papers owners to demand from the Issuer the purchase of
the Commercial Papers during the last 5 (Five) calendar
days of the coupon period preceding the coupon period, in
respect of which the coupon amount or the procedure for
determining the coupon amount is determined by the
Issuer after the full payment of the Commercial Papers
(hereinafter - the "Period of Presentation of the
Commercial Papers for Purchase by the Issuer").
Commercial Papers owners have the right to demand from
the Issuer the purchase of the Commercial Papers in the
cases described in clause 9.3.1 of the Securities Issuance
Resolution and clause 9.1.2. of the Prospectus of
Securities.
If the amount of the coupon rates or the procedure
for determining the coupon rates is determined by the
authorized management body of the Issuer after the full
payment of the Commercial Papers simultaneously on
several coupon periods, the Issuer is obliged to purchase
the Commercial Papers under demands of their owners,
which are declared during the last 5 (Five) calendar days
of the coupon period preceding the coupon period, in
respect of which the Issuer determines the specified
coupon rates or procedure for determining coupon rates
simultaneously with other coupon periods, and which
comes first. Purchase of the Commercial Papers before
other coupon periods, in respect of which such amount or
procedure for determining the coupon amount on the
Commercial Papers in this case is not required.
Information about purchase of the Commercial
Papers on demand of their owners is disclosed
simultaneously with the information on the defined coupon
rate:
Information on the coupon rates of the Commercial
Papers determined by the Issuer, starting with the second
one, is brought to potential buyers by way of disclosing in
the notice on essential fact in the manner and time
specified in clause 9.3.1 of the Securities Issuance
Resolution and clause 9.1.2 of the Prospectus of
Securities.
For the purposes of this clause, the following
definitions are introduced:
(i-1) - number of the coupon period, in which the
owners have the right to demand from the Issuer the
purchase of the Commercial Papers.
i - number of the coupon period, in which the
coupon or procedure for determining the coupon is
determined by the Issuer after the full payment of the
Commercial Papers.
Terms and procedures of the acquisition of Commercial
papers by the Issuer on demand of the owner of
Commercial papers:
1. The owner of Commercial papers, being
Participant in a bidding process, acts on an independent
basis. In case if the Holder of Commercial papers in not
Participant in a bidding process, he concludes a relevant
agreement with any Broker, being Participant in a bidding
process, and issues him a commission to perform all
necessary actions for the sale of Commercial papers to
the Issuer. Participant in a bidding process, acting for the
account and on the instruction of the Holder of
Commercial papers, and acting on his own behalf and for
his own account as well, hereinafter referred as “Holder”
or “Holder of Commercial papers”.
2. During the Period of Commercial papers
presentation for the acquisition by the Issuer , the Holder
of Commercial papers should transfer a Notice in a
written form to the Issuer’s Agent with an intention to sell
a certain amount of Commercial papers (hereinafter –
“Notice”. Notice should be signed by an authorized
person of the Holder of Commercial papers. Those
Notices that were duly issued and received in fact by the
Issuer’s Agent during the Period of Commercial papers
presentation for the acquisition by the Issuer, are the only
to be subjected to satisfaction. Regardless of the date of
the Notice sending.
Notices, received after the
termination of the Period of Commercial papers
presentation for the acquisition by the Issuer, shouldn’t be
subjected to satisfaction.
The Notice should be drawn up on a letterhead of
the Holder in the following form:
“This
is____________________
(full
commercial name of the Holder of Commercial papers) to
give notice about an intention to sell to JSC “MOESK”
Commercial papers (interest-bearing, certified, nonconvertible, to bearer with the compulsory centralized
storage, bonds of series BO-09, the identification number
of the issue ______, owned by ___________ (full
commercial name of the owner of Commercial papers)in
accordance with the terms and conditions of the
Prospectus of securities and the Securities Issuance
Resolution.
___________________________________
_________________________________________
Full commercial name of
Commercial papers:
the Holder of
_____________________________________
__________________________________________
Amount of Commercial papers, offered for sale
(in figures and words).
______________________________________
__________________________________________
The Seal and the Signature of the Holder.”
3) After transferring of the Notice, the Holder of
Commercial papers files a targeted application for selling
of the amount of Commercial papers, indicated in the
Notice, to the Exchange bidding system in accordance
with its Bidding Rules on securities and other regulatory
documents for bidding of securities on the Stock Exchange
Market (hereinafter – “Bidding Rules”, addressed to the
Issuer’s Agent, being Participant in a bidding process,
with indication of the Price of the acquisition of
Commercial papers (as defined below). This application
should be put on by the Holder to the Exchange bidding
system from 11.00 a.m. to 13.00 p.m. by Moscow standard
time on the date of the acquisition of Commercial papers
by the Issuer.
The Date of the Acquisition of Commercial papers is
defined as the second business day from the start date of
the i-th - coupon period on Commercial papers; the Price
of the Acquisition of Commercial papers is defined as 100
(one hundred) per cent of an outstanding amount of the
nominal value of Commercial papers. In this case accrued
coupon yield is additionally paid, and calculated on the
Date of the Acquisition of Commercial papers.
The outstanding amount of the nominal value of
Commercial papers is defined as the difference between
the nominal value of one Commercial paper and its
amount, redeemed while the partial early repayment of
Commercial papers (in case if the resolution on the
partial early repayment of Commercial papers was made
by the Issuer in accordance with item 9.5 of the Securities
Issuance Resolution and 9.1.2 of the Prospectus of
securities).
4) Transactions on the acquisition of Commercial
papers by the Issuer from the Holder of Commercial
papers are made on the Stock Exchange Market in
accordance with the Bidding Rules.
The Issuer is obliged in the period of time from
14.00 p.m. to 16.00 p.m. on the Date of the Acquisition of
Commercial papers by the Issuer, to file through the Agent
targeted applications in addition to the applications of
Holders of Commercial papers, from whom the Issuer’s
Agent has received Notices, submitted according to subitem 2)of item 10.1 of the Securities Issuance Resolution
and sub-item d) of item 9.1.2 of the Prospectus of
securities and put on to the Exchange bidding system to
the moment of the transaction conclusion.
The Issuer is obliged to buy all Commercial
papers, applications for the acquisition of which have
been submitted by owners/holders of Commercial papers
in the term, specified in the Securities Issuance Resolution
and the Prospectus of securities.
Making of the resolution on the acquisition of
Commercial papers by the sole executive body of the
Issuer is not required, as the procedure of the acquisition
of Commercial papers by the Issuer on demand of their
owners is stated in the Securities Issuance Resolution and
the Prospectus of securities.
The possibility of an appointment of the other
Agents on the acquisition of Commercial papers by the
sole executive body of the Issuer and countermand of such
appointments is provided.
The information on the appointment of Agents on
the acquisition of Commercial papers and countermand of
such appointments is disclosed by the Issuer in the form of
the notice on essential fact, according to item 11 of the
Securities Issuance Resolution and item 2.9 of the
Prospectus of securities.
Making of certain resolutions on the acquisition
of Commercial papers by the Issuer on demand of an
owner of Commercial papers is not required.
2. The acquisition of Commercial papers by the
Issuer under an agreement with their owner (owners):
In accordance with the Securities Issuance
Resolution and the Prospectus of securities, the possibility
of the acquisition of Commercial papers by the Issuer
under an agreement with their owner/owners with their
further putting into circulation is provided. The Issuer has
the right to acquire Commercial papers by means of
concluding of agreements on the acquisition of
Commercial papers in accordance with the Russian
Federation legislation, by virtue of the Issuer’s public
irrevocable offers included, and they will be published in
the Newswire. Resolution on the acquisition of
Commercial papers, including public irrevocable offers, is
made by the sole executive body of the Issuer. While
making of the above-noted resolution by the sole executive
body of the Issuer, conditions, procedures and time limits
of the acquisition of Commercial papers should be
determined, and published in the Newswire and posted on
the page on the network Internet not later than 7(seven)
days before the start of the term of the offer acceptance on
the acquisition of Commercial papers. In this case the
term of the acquisition of Commercial papers can’t fall
due before payment in full of Commercial papers.
The acquisition of Commercial papers by the
Issuer under an agreement with their owner/owners with
their further putting into circulation is implemented in the
following way:
a) Resolution on the acquisition of Commercial
papers is made by the sole executive body of the Issuer in
compliance with the Securities Issuance Resolution, the
Prospectus of securities and the Issuer’s Charter.
b) In accordance with time limits, conditions,
procedures of the acquisition of Commercial papers,
published in the Newswire and posted on the page on the
network Internet, the Issuer acquires Commercial papers
from the owner of Commercial papers by means of making
transactions on the acquisition of Commercial papers,
using the Exchange bidding system. The owner of
Commercial papers, being Participant in a bidding
process and is willing to sell Commercial papers to the
Issuer, acts on an independent basis. In case if the owner
of Commercial papers in not Participant in a bidding
process, he can conclude a relevant agreement with any
Bidder and issues him a commission to sell Commercial
papers to the Issuer.
The Holder of Commercial papers in the term,
defined in the published notice on the acquisition of
Commercial papers, should transfer the Notice of intent to
sell to the Issuer a certain amount of Commercial papers
on conditions, defined in the published notice on the
acquisition of Commercial papers. The above-noted
Notice should be signed by an authorized person of the
Holder of Commercial papers and contains information
on the full commercial name of the Holder, series and
amount of Commercial papers, offering for sale, the
Holder’s address for correspondence, the contact
telephone number and fax.
The Notice is deemed to be received by the Agent
from the date of handing over to addressee, subject to
conformity with all the requirements, stated in the notice
on the acquisition of Commercial papers. The Issuer is not
obliged to acquire Commercial papers with reference to:
-
persons, who have not submitted their Notices in
the indicated period;
persons, who have submitted Notices, failed to
meet the stated requirements.
c) From 11.00 a.m. to 13.00 p.m. by Moscow
standard time on the relevant date of the acquisition of
Commercial papers by the Issuer, defined in the published
notice, the Holder, who has earlier submitted their Notices
to the Agent, files a targeted application (hereinafter –
“Application”) for selling of a certain amount of
Commercial papers to the Exchange Bidding System in
accordance with the Bidding Rules, addressed to the
Issuer’s Agent , with indication of the price of Commercial
papers, defined in the published notice on the acquisition
of Commercial papers. The amount of Commercial papers
in the Application must be equal to the amount of
Commercial papers, defined in the Notice. The
Application is subjected to satisfaction only in case, if the
amount of Commercial papers in Application is equal to
the amount of Commercial papers, defined in the Notice.
The Extract from the Summary Register of Applications,
made in the form of a relevant Appendix to the Bidding
Rules on securities on the Stock Exchange Market,
certified with the signature of a Stock Exchange Market
authorized person, is deemed to be an ample evidence of
the Application on putting up for sale of Commercial
papers by the Holder.
The Issuer is obliged in the time period from
14.00 p.m. to 16.00 p.m. on the Date of the acquisition of
Commercial papers, defined in the published notice on the
acquisition of Commercial papers, to file through his
Agent, counter targeted applications to the Applications,
submitted in accordance with the terms and conditions,
published in the notice on the acquisition of Commercial
papers and being in the Exchange bidding system to the
moment of the filing of counter targeted applications.
In case if the owner of Commercial papers takes
an offer on their acquisition by the Issuer with regard to
more Commercial papers than it was defined in such an
offer, the Issuer acquires Commercial papers from owners
on a pro rata basis of stated requirements, subject to the
conditions of the acquisition of the whole amount of
Commercial papers only.
The possibility of an appointment of the other
Agents on the acquisition of Commercial papers by the
sole executive body of the Issuer and countermand of such
appointments is provided.
The information on an appointment of Agents on
the acquisition of Commercial papers and countermand of
such appointments is disclosed by the Issuer in the form
of the notice on essential fact, according to item 11 of the
Securities Issuance Resolution and item 2.9. of the
Prospectus of securities.
3. Further Commercial papers, acquired by the
Issuer, can be put into circulation on the secondary
market in case if the Issuer follows the requirements of the
Russian Federation legislation.
The term of the acquisition of Commercial papers
and the procedure of its definition:
The acquisition of Commercial papers is permitted
only after the payment in full. The information on the
accomplishment of the placement of bonds is disclosed in
the procedure, stated in item 11 of the Securities Issuance
Resolution and item 2.9. of the Prospectus of securities.
The information on the acquisition of Commercial papers
on demand of the owner of Commercial papers is
disclosed simultaneously with the information on
determined coupon interest rates.
- In case when the acquisition of Commercial
papers by the Issuer is fulfilled on demand of the owner of
Commercial papers, the Date of the acquisition of
Commercial papers by the Issuer is defined in accordance
with item 10.1 of the Securities Issuance Resolution and
item 9.2.1. of the Prospectus of securities.
- In case if the Issuer makes a resolution on the
acquisition of Commercial papers under an agreement
with their owner/owners in accordance with item 10.1 of
the Securities Issuance Resolution and item 9.2.1. of the
Prospectus of securities, including the Issuer’s public
irrevocable offers, published in the Newswire and posted
on the page on the network Internet, containing time limits
and the other terms and conditions, concerning of the
acquisition of Commercial papers, stated by the Issuer.
The procedure of the information disclosure on the
acquisition of Commercial papers by the Issuer:
1. The information on determined coupon interest
rates or the procedure of the determination of interest rate
amount on the coupons of Commercial papers, started
from the second coupon period, and as well the sequence
number of a coupon period (n), during which the owner of
Commercial papers can require the acquisition of
Commercial papers by the Issuer, is brought to potential
acquirers’ knowledge by means of the information
disclosure in the form of the notice on essential fact,
according to item 9.3.1 of the Securities Issuance
Resolution and item 9. 1.2 of the Prospectus of securities.
1). The information on determined coupon interest
rates or the procedure of the determination of interest rate
amount on the coupons, defined by the Issuer before the
start date of the placement of Commercial papers, and as
well the sequence number of a coupon period (n), during
which the owner of Commercial papers can require the
acquisition of Commercial papers by the Issuer, is
disclosed in the form of the notice on essential fact “on
accrued income and/or paid-in income on equity
securities of the Issuer” and “on the information, exerted,
in the Issuer’s opinion, a significant impact on the value
of his equity securities, not later than 1 (one) day in
advance before the start date of the placement of
Commercial papers and in the following time limits from
the date of making resolution on interest rates or the
procedure of the determination of interest rate amount on
the coupons:
- in the Newswire - not later than 1 (one) day in
advance;
- on the page on the network Internet – not later than
2 (two) days in advance.
In this case the posting on the page on the network
Internet is implemented after the publication in the
Newswire.
The text of the notice on essential fact should be
available on the page on the network Internet on the
expiration date, determined by the Regulations on the
disclosure of the information on equity securities by the
Issuers for its posting on the page on the network Internet,
and if the notice is posted on the page on the network
Internet after the expiration of such a period, - from the
date of its posting on the page on the network Internet, up
to expiration of the period amounts not less than 12
months from the date of their posting on the page on the
network Internet.
The Issuer informs the Stock Exchange Market about
the resolutions made, including on determined coupon
interest rates or the procedure of the determination of
interest rate amount on the coupons not later than 1 (one)
day before the start date of the placement of Bonds.
2). The information on determined coupon interest
rates coupon or the procedure of the determination of
interest rate amount on the coupons, defined by the Issuer
of Commercial papers after the payment in full, and the
sequence number of a coupon period (n) as well, during
which the owner of Commercial papers can require the
acquisition of Commercial papers by the Issuer, is
disclosed by the Issuer in the form of the notice on
essential fact “on accrued income and/or paid-in income
on equity securities of the Issuer” and “on the
information, exerted, in the Issuer’s opinion, a significant
impact on the value of his equity securities, not later than
5 (five) calendar days before the start date of an i- th
coupon period on Commercial papers and in the following
time limits from the determination of the
i-th coupon date:
- in the Newswire - not later than 1 (one) day in
advance;
- on the page on the network Internet – not later than
2 (two) days in advance.
In this case the posting on the page on the network
Internet is implemented after publication in the Newswire.
The text of the notice on essential fact should be
available on the page on the network Internet on the
expiration date, stated by the Regulations on the
disclosure of the information on equity securities by the
Issuers for its posting on the page on the network Internet,
and if the notice is posted on the page on the network
Internet after the expiration of such a period, - from the
date of its posting on the page on the network Internet, up
to expiration of a period amounts not less than 12 months
from the date of the posting on the page on the network
Internet.
The Issuer informs the Stock Exchange Market about
the resolutions made, including on coupon interest rates
or the procedure of the determination of interest rate
amount on the coupons not later than 5 (five) calendar
days before the expiration date of n-th coupon period (the
period, in which the interest rate on (n+1)th coupon and
the following coupons is determined).
2. In case if the Issuer makes the resolution on the
acquisition of Commercial papers under an agreement
with their owner/owners, including the Issuer’s public
irrevocable offers, the notice on the relevant resolution is
disclosed not later than:
- in the Newswire not later than 1 (one) day in
advance;
- on the page on the network Internet – not later than
2 (two) days in advance
from the date of execution of the minutes of meeting
of the sole executive body of the Issuer, at which the Issuer
made a resolution on the acquisition of Commercial
papers, but not later than 7 (seven) days before the start
date of taking the offer on the acquisition of Commercial
papers. This notice includes the following information:
- date of making of the resolution on the acquisition
of Commercial papers of the issue;
- series and form of Commercial papers, the
identification number and the date of Commercial papers
admission for bidding on the Stock Exchange Market in
the process of the placement;
- amount of acquiring Commercial papers;
- period, during which the Holder of Commercial
papers can, in written form, transfer the Notice of intent to
sell to the Issuer a certain amount of Commercial papers
under the terms and conditions, defined in the Issuer’s
resolution on the acquisition of Commercial papers and
stated in the published notice on the acquisition of
Commercial papers.
- start date of the acquisition of Commercial
papers;
- expiration date of the acquisition of
Commercial papers;
- price of the acquisition of Commercial papers;
- procedure of the acquisition of Commercial
papers;
form and time limits of payment;
- name/commercial name of the Agent, authorized
by the Issuer for the acquisition of Commercial papers, its
location, information on details of its License of a
professional participant of the securities market.
3. Posting the information on the acquisition of
Commercial papers on the page on the network Internet
by the Issuer is implemented after the publication in the
Newswire.
4. The Issuer discloses the information on the
results of the acquisition of Commercial papers, including
information on the amount of acquired Commercial
papers, in the procedure of the disclosure of the
information on
essential facts, according to the
regulations of the Federal authority on the securities
market:
• in the Newswire not later than 1 (one) day from
the expiration date of the stated period of the
acquisition of Commercial papers;
•
on the page on the network Internet – not later
than 2 (two) days from the expiration date of the
stated period of the acquisition of Commercial
papers.
In this case posting on the page on the network
Internet is implemented after publication in the Newswire.
In case if at the time of the occurrence of the
event, on which the Issuer should disclose the information
in accordance with the applicable Federal Laws, and also
the regulations of the Federal authority on the securities
market, the other procedure and time limits of the
information disclosure about such an event were
established, differ from the procedure and time limits,
stipulated by the Securities Issuance Resolution and the
Prospectus of securities ,the information about such an
event is disclosed in the manner and at the time limits,
provided by the Federal Laws, and the regulations of the
Federal authority on the securities market as well,
effective at the time of the occurrence of the event.
The information disclosure is implemented by the
Issuer on an independent basis.
5. The acquisition of Commercial papers by the
Issuer is fulfilled through the Bidding Organizer,
mentioned in item 8.3 of the Securities Issuance
Resolution and item 9.8 of the Prospectus of securities,
according to regulatory documents, regulating the
Bidding Organizer’s activity.
In case if it’s impossible to acquire Commercial
papers in consequence of re-organization, liquidation of
the Bidding Organizer or in virtue of the requirements of
the Russian Federation legislation, the Issuer makes a
resolution on the other Bidding Organizer, through whom
all transactions on the acquisition of Commercial papers
will be concluded. In this case the acquisition of
Commercial papers will be implemented in accordance
with regulatory and internal documents, regulating such a
Bidding Organizer’s activity.
Under the change of the Bidding Organizer,
through whom transactions on the acquisition of
Commercial papers will be concluded, the Issuer should
publish the information about the new Bidding Organizer,
through whom transactions on the acquisition of
Commercial
papers
will
be
concluded.
The
abovementioned information will include:
- full and shortened commercial name of the
Bidding Organizer;
- its location, phone number and fax;
- information on its License: number, date of issue,
period of validity, body, issued the License;
- procedure of the acquisition of Commercial
papers in accordance with the rules of the
Bidding
Organizer.
Information disclosure is implemented by the
Issuer in the form of the notice on essential fact in the
following time limits, from the date of making of the
resolution on a change of the Bidding Organizer through
whom transactions on the acquisition of Commercial
papers will be concluded:
•
•
in the Newswire - not later than 1 (one) day;
on the page on the network Internet – not later
than 2 (two) days.
For Commercial papers of series BO-10:
The possibility of the acquisition of Commercial
papers under an agreement with their owner/owners and
the obligation of the acquisition of Commercial papers by
the Issuer on demand of the owner of Commercial papers
with the possibility of their further putting into circulation.
The acquisition of Commercial papers is permitted only
after the payment in full. The Issuer has the right to
acquire Commercial papers of the present issue by means
of transactions on the acquisition of Commercial papers
with the owner of Commercial papers according to the
Russian Federation legislation, including the Issuer’s
public irrevocable offers, published in the Newswire.
For the purposes of this item the following
definitions are introduced:
Agent on the acquisition - Participant in a
bidding process, authorized by the Issuer for the
acquisition of Commercial papers.
Agent on the acquisition is an Underwriter.
The sole executive body of the Issuer can appoint
the other Agents on the acquisition and countermand of
such appointments.
The information on the appointment of Agents on
the acquisition of Commercial papers and countermand of
such appointments is disclosed by the Issuer in the form
of notice on essential fact, according to item 11 of the
Securities Issuance Resolution and item 2.9. of the
Prospectus of securities.
1. The acquisition of Commercial papers by the
Issuer on demand of the owner of Commercial papers:
The Issuer is obliged to secure the owners’ right to
demand from the Issuer to acquire Commercial papers
during last 5 (five) calendar days of the coupon period,
prior the coupon period, in which coupon interest rates or
the procedure of the determination of interest rate amount
on the coupons is defined by the Issuer after the payment
in full of Commercial papers (hereinafter – “Presentation
period of Commercial papers for the Issuer’s
acquisition”). The owner of Commercial papers has the
right to demand from the Issuer to acquire Commercial
papers in cases, described in item 9.3.1. of the Securities
Issuance Resolution and item 9.1.2 of the Prospectus of
securities.
If coupon interest rates or the procedure of the
determination of interest rate amount on the coupons is
defined by the sole executive body of the Issuer after the
payment in full, simultaneously on several coupon
periods, the Issuer is obliged to acquire Commercial
papers on demand of the owner of Commercial papers,
stated during last 5 (five) calendar days of the coupon
period, prior the coupon period, in which the above-noted
coupon interest rates or the procedure of the
determination of interest rate amount on the coupons is
defined by the Issuer, simultaneously with the other
coupon periods, and which comes due earlier. The
acquisition of Commercial papers before the other coupon
periods, in which such coupon interest rates or the
procedure of the determination of interest rate amount on
the coupons of Commercial papers is defined, is not
required in this case.
The information on the acquisition on
Commercial papers by the Issuer on demand of the owner
of Commercial papers is disclosed simultaneously with the
information on determined coupon interest rates:
The information on determined by the Issuer
coupon interest rates on Commercial papers, starting
from the second coupon period, is brought to the potential
acquirers’ knowledge by means of information disclosure
in the form of the notice on essential fact, according to
item 9.3.1 of the Securities Issuance Resolution and item
9.1.2 of the Prospectus of securities.
For the purposes of this item the following
definitions are introduced:
(i-l) – a number of the coupon period, during which
owners have the right to demand from the Issuer to
acquire Commercial papers.
i – a number of the coupon period in which
coupon interest rates
or the procedure of the
determination of interest rate amount on the coupons is
defined by the Issuer after the payment in full of
Commercial papers.
The procedure, terms and conditions of the
acquisition of Commercial papers by the Issuer on
demand of the owner of Commercial papers:
1). The owner of Commercial papers, being
Participant in a bidding process, acts on an independent
basis. In case if the Holder of Commercial papers in not
Participant in a bidding process, he concludes a relevant
agreement with any Broker, being Participant in a bidding
process, and issues him a commission to perform all
necessary actions for sale of Commercial papers to the
Issuer. Participant in a bidding process, acting for the
account and on the instruction of the Holder of
Commercial papers, and acting on his own behalf and for
his own account as well, hereinafter referred as “Holder”
or “Holder of Commercial papers”.
2). During the Period of Commercial papers
presentation for the acquisition by the Issuer , the Holder
of Commercial papers should transfer a Notice in written
form to the Issuer’s Agent with an intention to sell a
certain amount of Commercial papers (hereinafter –
“Notice”. The Notice should be signed by an authorized
person of the Holder of Commercial papers. Those
Notices that were duly issued and received in fact by the
Issuer’s Agent during the Period of Commercial papers
presentation for the acquisition by the Issuer, are the only
to be subjected to satisfaction. Regardless of the date of
the Notice sending. the Notices, received after the
completion of the Period of the Commercial papers
presentation for the acquisition by the Issuer, shouldn’t be
subjected to satisfaction.
The Notice should be drawn up on a letterhead of
Holder in the following form:
“This is____________________(full commercial
name the Holder of Commercial papers) to give notice
about an intention to sell to JSC “MOESK” Commercial
papers (interest-bearing, certificated, non-convertible, to
bearer with the compulsory centralized storage, bonds of
series BO-10, the identification number of the issue
______, owned by ___________ full commercial name of
the owner of Commercial papers)in accordance with the
terms and conditions of the Prospectus of securities and
the Securities Issuance Resolution.
___________________________________
_________________________________________
Full commercial name of
Commercial papers:
the Holder of
_____________________________________
__________________________________________
Amount of Commercial papers, offered for sale (in
figures and words).
______________________________________
__________________________________________
The Seal and the Signature of the Holder.”
3). After transferring the Notice, the Holder of
Commercial papers files a targeted application for selling
of the amount of Commercial papers, indicated in the
Notice, to the Exchange bidding system in accordance
with its Bidding Rules on securities and other regulatory
documents for bidding of securities on the Stock Exchange
Market (hereinafter – “Bidding Rules”, addressed to the
Issuer’s Agent, being Participant in a bidding process,
with indication of the Price of the acquisition of
Commercial papers as defined below. This application
should be put on by the Holder to the Exchange bidding
system from 11.00 a.m. to 13.00 p.m. by Moscow standard
time on the date of the acquisition of Commercial papers
by the Issuer.
The Date of the acquisition of Commercial
papers is defined as the second business day from the start
date of the i-th - coupon period on Commercial papers;
the Price of the acquisition of Commercial papers is
defined as 100 (one hundred) per cent of an outstanding
amount of the nominal value of Commercial papers. In
this case accrued coupon yield is additionally paid,
calculated on the Date of the acquisition of Commercial
papers.
The Outstanding amount of the nominal value of
Commercial papers is defined as the difference between
the nominal value of one Commercial paper and its
amount, redeemed while the partial early repayment of
Commercial papers (in case if the resolution on the
partial early repayment of Commercial papers was made
by the Issuer in accordance with item 9.5 of the Securities
Issuance Resolution and 9.1.2 of the Prospectus of
securities).
4). Transactions on the acquisition of
Commercial papers by the Issuer from the Holder of
Commercial papers, are made on the Stock Exchange
Market in accordance with the Bidding Rules.
The Issuer is obliged in the period of time from
14.00 p.m. to 16.00 p.m. on the Date of the acquisition of
Commercial papers by the Issuer, to file through the Agent
counter targeted applications in addition to the
Applications of Holders of Commercial papers, from
whom the Issuer’s Agent has received the Notices, made
according to sub-item 2) item 10.1 of the Securities
Issuance Resolution and sub-item d) item 9.1.2 of the
Prospectus of securities and put on to the Exchange
bidding system to the moment of the transaction
conclusion.
The Issuer is obliged to buy all Commercial
papers, applications for the acquisition of which have
been submitted from the owners/holders of Commercial
papers in the term, specified in the Securities Issuance
Resolution and the Prospectus of securities.
Making of the resolution on the acquisition of
Commercial papers by the sole executive body of the
Issuer is not required, as the procedure of the acquisition
of Commercial papers by the Issuer on demand of the
owner of Commercial papers is stated in the Securities
Issuance Resolution and the Prospectus of securities.
The possibility of an appointment of the other
Agents on the acquisition of Commercial papers by the
sole executive body of the Issuer and countermand of such
appointments is provided.
The information on the appointment of Agents on
the acquisition of Commercial papers and countermand of
such appointments, is disclosed by the Issuer in the form
of the notice on essential fact, according to item 11 of the
Securities Issuance Resolution and item 2.9. of the
Prospectus of securities.
Making of certain resolutions on the acquisition
of Commercial papers by the Issuer on demand of the
owner of Commercial papers is not required.
2. The acquisition of Commercial papers by the
Issuer under an agreement with their owner/owners:
In accordance with the Securities Issuance
Resolution and the Prospectus of securities, the possibility
of the acquisition of Commercial papers by the Issuer
under an agreement with their owner/owners with their
further putting into circulation is provided. The Issuer has
the right to acquire Commercial papers by means of
concluding of agreements on the acquisition of
Commercial papers in accordance with the Russian
Federation legislation, by virtue of the Issuer’s public
irrevocable offers, published in the Newswire. The
Resolution on the acquisition of Commercial papers,
including public irrevocable offers, is made by the sole
executive body of the Issuer. While making of the abovenoted resolution by the sole executive body of the Issuer,
conditions, procedures and time limits of the acquisition
of Commercial papers should be determined, and
published in the Newswire and posted on the page on the
network Internet not later than 7(seven) days before the
start of the term of the offer acceptance on the acquisition
of Commercial papers. In this case the term of the
acquisition of Commercial papers can’t fall due before
payment in full of Commercial papers.
The acquisition of Commercial papers by the
Issuer under an agreement with their owner/owners with
their further putting into circulation is implemented in the
following way:
a) Resolution on the acquisition of Commercial
papers is made by the sole executive body of the Issuer in
compliance with the Securities Issuance Resolution, the
Prospectus of securities and The Issuer’s Charter.
b) In accordance with time limits, conditions,
procedures of the acquisition of Commercial papers,
published in the Newswire and posted on the page on the
network Internet, the Issuer acquires Commercial papers
from the owner of Commercial papers by means of making
transactions on the acquisition of Commercial papers,
using the Exchange bidding system. The owner of
Commercial papers, being Participant in a bidding
process and is willing to sell Commercial papers to the
Issuer, acts on an independent basis. In case if the owner
of Commercial papers in not Participant in a bidding
process, he can conclude a relevant agreement with any
Bidder and issues him a commission to sell Commercial
papers to the Issuer.
The Holder of Commercial papers in the term,
defined in the published notice on the acquisition of
Commercial papers, should transfer the Notice of intent to
sell to the Issuer a certain amount of Commercial papers
on conditions, defined in the published notice on the
acquisition of Commercial papers. The above-mentioned
Notice should be signed by an authorized person of the
Holder of Commercial papers and contains the
information on the full commercial name of the Holder,
series and amount of Commercial papers, offering for
sale, the Holder’s address for correspondence, the contact
telephone number and fax.
The Notice is deemed to be received by the Agent
from the date of handing over to addressee, subject to
conformity with all the requirements, stated in the notice
on the acquisition of Commercial papers. The Issuer is not
obliged to acquire Commercial papers with reference to:
-
persons, who have not submitted their Notices in
the indicated period;
persons, who have submitted the Notices, failed
to meet the stated requirements.
c) From 11.00 a.m. to 13.00 p.m. by Moscow
standard time on the relevant date of the acquisition
Commercial papers by the Issuer, defined in
the
published notice, the Holder, who has earlier submitted
their Notices to the Agent, files a targeted application
(hereinafter – “Application”) for selling of the certain
amount of Commercial papers to the Exchange Bidding
System in accordance with the Bidding Rules, addressed
to the Issuer’s Agent , with indication of the price of
Commercial papers, defined in the published notice on
acquisition of Commercial papers. The amount of
Commercial papers in the Application must be equal to
the amount of Commercial papers, defined in the Notice.
The Application is subjected to satisfaction only in case,
if the amount of Commercial papers in the Application is
equal to the amount of Commercial papers, defined in the
Notice. The extract from the Summary Register of
Applications, made in the form of relevant Appendix to the
Bidding Rules on securities on the Stock Exchange
Market, certified with the signature of a Stock Exchange
Market authorized person, is deemed to be an ample
evidence of the Application on putting up for sale of
Commercial papers by the Application holder.
The Issuer is obliged in the period of time from
14.00 p.m. to 16.00 p.m. on the Date of the acquisition
Commercial papers, defined in the published notice on the
acquisition of Commercial papers, to file through the
Agent, counter targeted applications to the Applications ,
submitted in accordance with the terms and conditions,
published in the notice on the acquisition of Commercial
papers and being in the Exchange bidding system to the
moment of the counter targeted applications filing.
In case if the owner of Commercial papers takes
an offer on their acquisition by the Issuer with regard to
more Commercial papers than it was defined in such an
offer, the Issuer acquires Commercial papers from owners
on a pro rata basis of stated requirements, subject to the
conditions of the acquisition of the whole amount of
Commercial papers only.
The possibility of an appointment of the other
Agents on the acquisition of Commercial papers by the
sole executive body of the Issuer and countermand of such
appointments is provided.
The information on an appointment of Agents on
the acquisition of Commercial papers and countermand of
such appointments is disclosed by the Issuer in the form
of the notice on essential fact, according to item 11 of the
Securities Issuance Resolution and item 2.9. of the
Prospectus of securities.
3. Further Commercial papers, acquired by the
Issuer, can be put into circulation on the secondary
market (in case the Issuer follows the Russian Federation
legislation).
-
The term of acquisition of Commercial papers
and the procedure of its definition:
The acquisition of Commercial papers is
permitted only after the payment in full. The information
on the accomplishment of the placement of bonds is
disclosed in the procedure, stated in item 11 of the
Securities Issuance Resolution and item 2.9. of the
Prospectus of securities. The information on the
acquisition of Commercial papers on demand of the owner
of Commercial papers is disclosed simultaneously with the
information on determined coupon interest rates.
- In case when the acquisition of Commercial papers
by the Issuer is fulfilled on demand of the owner of
Commercial papers, the Date of the acquisition of
Commercial papers by the Issuer is defined in accordance
with item 10.1 of the Securities Issuance Resolution and
item 9.2.1. of the Prospectus of securities.
- In case if the Issuer makes a resolution on the
acquisition of Commercial papers under an agreement
with their owner/owners in accordance with item 10.1 of
the Securities Issuance Resolution and item 9.2.1. of the
Prospectus of securities, including the Issuer’s public
irrevocable offers, published in the Newswire and posted
on the page on the network Internet, containing time limits
and the other terms and conditions , concerning of the
acquisition Commercial papers, stated by the Issuer.
The procedure of the information disclosure on the
acquisition of Commercial papers by the Issuer:
1. The information on determined coupon interest
rates or the procedure of the determination of interest rate
amount on the coupons of Commercial papers, started
from the second coupon period, and the sequence number
of the coupon period (n) as well, during which the owner
of Commercial papers can require the acquisition of
Commercial papers by the Issuer, is brought to potential
acquirers’ knowledge by means of the information
disclosure in the form of notice on essential fact,
according to item 9.3.1 of the Securities Issuance
Resolution and item 9. 1.2 of the Prospectus of securities.
1). Information on determined coupon interest rates
or the procedure of the determination of interest rate
amount on the coupons, defined by the Issuer before the
start date of the placement of bonds, and the sequence
number of the coupon period (n) as well, during which the
owner of Commercial papers can require the acquisition
of Commercial papers by the Issuer, is disclosed in the
form of the notice on essential fact “on accrued income
and/or paid-in income on equity securities of the Issuer”
and “on information, exerted, in the Issuer’s opinion, a
significant impact on the value of his equity securities, not
later than 1 (one) day in advance before the start date of
the placement of bonds and in the following time limits
from the date of making resolution on interest rates or the
procedure of determination of interest rate(s) on the
coupons:
- in the Newswire - not later than 1 (one) day in
advance;
- on the page on the network Internet – not later than
2 (two) days in advance.
In this case the posting on the page on the network
Internet is implemented after the publication in the
Newswire.
The text of the notice on essential fact should be
posted on the page on the network Internet on the
expiration date, determined by Regulations on the
disclosure of the information on equity securities by the
Issuers for its posting on the page on the network Internet,
and if the notice is posted on the page on the network
Internet after the expiration of such a period, - from the
date of the posting on the page on the network Internet, up
to expiration of the period amounts not less than 12
months from the date of their posting on the page on the
network Internet.
The Issuer informs the Stock Exchange Market about
the resolutions made, including on determined coupon
interest rates or the procedure of the determination of
interest rate amount on the coupons, not later than 1 (one)
day before the start date of the placement of Bonds.
2). Information on determined interest rate on the
coupons or the procedure of the determination of interest
rate amount on the coupons, defined by the Issuer of
Commercial papers after the payment in full, and the
sequence number of the coupon period (n) as well, during
which the owner of Commercial papers can require the
acquisition of Commercial papers by the Issuer, is
disclosed by the Issuer in the form of notice on essential
fact “on accrued income and/or paid-in income on equity
securities of the Issuer” and “on information, exerted, in
the Issuer’s opinion, a significant impact on the value of
his equity securities, not later than 5 (five) calendar days
in advance before the start date of the i-th -coupon period
on Commercial papers and in the following time limits
from the determination of the i-th-coupon date:
- in the Newswire - not later than 1 (one) day in
advance;
- on the page on the network Internet – not later than
2 (two) days in advance.
In this case posting on the page on the network
Internet is implemented after publication in the Newswire.
The text of the notice on essential fact should be
available on the page on the network Internet on the
expiration date, stated by Regulations on the disclosure of
the information on of equity securities by the Issuers for
its posting on the page on the network Internet, and if the
notice is posted on the page on the network Internet after
the expiration of such a period, - from the date of its
posting on the page on the network Internet, up to
expiration of the period amounts not less than 12 months
from the date of their posting on the page on the network
Internet.
The Issuer informs the Stock Exchange Market about
the resolutions made, including on determined coupon
interest rates or the procedure of the determination of
interest rate amount on the coupons, not later than in 5
(five) calendar days before the expiration date of n-th coupon period (the period, in which the interest rate on
(n+1) coupon and the following coupons is determined).
2. In case if the Issuer makes a resolution on the
acquisition of Commercial papers under an agreement
with their owner/owners, including the Issuer’s public
irrevocable offers, the notice on the relevant resolution is
disclosed not later than:
- in the Newswire not later than 1 (one) day in
advance;
- on the page on the network Internet – not later than
2 (two) days in advance
from the date of execution of the minutesof meeting of
the sole executive body of the Issuer, at which the Issuer
made a resolution on the acquisition of Commercial
papers, but not later than 7 (seven) days before the start
date of taking the offer on the acquisition of Commercial
papers. This notice includes the following information:
- date of making of the resolution on the acquisition
of Commercial papers of the issue;
- series and form of Commercial papers, the
identification number and the date of Commercial papers
admission to quotation on the Stock Exchange Market in
the process of the replacement;;
- amount of acquiring Commercial papers;
- period, during which the Holder of Commercial
papers can, in written form, transfer the Notice of intent to
sell to the Issuer a certain amount of Commercial papers
under the terms and conditions, defined in the Issuer’s
resolution on the acquisition of Commercial papers and
stated in the published notice on the acquisition of
Commercial papers.
- start date of the acquisition of Commercial papers;
- expiration date of the acquisition of Commercial
papers;
- price of the acquisition of Commercial papers;
- procedure of the acquisition of Commercial papers;
- form and time limits of payment;
- name/commercial name of the Agent, authorized
by the Issuer for the acquisition of Commercial papers, its
location, information on details of its License of a
professional participant of the securities market.
3. Posting the information on acquisition of
Commercial papers on the page on the network Internet
by the Issuer is implemented after publication in the
Newswire.
4. The Issuer discloses the information on the
results of the acquisition of Commercial papers, including
information on the amount of acquired Commercial
papers, in the procedure of the disclose of the information
on essential facts, according to the regulations of the
Federal authority on the securities market:
• in the Newswire not later than 1 (one) day in
advance from the expiration date of the stated
time limit of the acquisition of Commercial
papers;
• on the page on the network Internet – not later
than 2 (two) days in advance from the expiration
date of the stated time limit of the acquisition of
Commercial papers.
In this case posting on the page on the network
Internet is implemented after publication in the Newswire.
In case if at the time of the occurrence of the event,
on which the Issuer should disclose the information in
accordance with the applicable Federal laws, and the
regulations of the Federal authority on the securities
market, the other procedure and time limits of
information disclosure about such an event were
established, differ from the procedure and time limits,
stipulated by the Securities Issuance Resolution and the
Prospectus of securities, information about such an event
is disclosed in the manner and at the time limits, provided
by Federal Laws, and the regulations of the Federal
authority on the securities market as well, effective at the
time of the occurrence of the event.
Information disclosure is implemented by the
Issuer on an independent basis.
5. The acquisition of Commercial papers by the
Issuer is fulfilled through the Bidding Organizer,
mentioned in item 8.3 of the Securities Issuance
Resolution and item 9.8 of the Prospectus of securities,
according to regulatory documents, regulating the
Bidding Organizer’s activity.
In case if it’s impossible to acquire Commercial
papers in consequence of re-organization, liquidation of
the Bidding Organizer or in virtue of the requirements of
the Russian Federation legislation, the Issuer makes a
resolution on the other Bidding Organizer, through whom
all transactions on the acquisition of Commercial papers
will be concluded. In this case the acquisition of
Commercial papers will be implemented in accordance
with regulatory and internal documents, regulating such a
Bidding Organizer’s activity.
Under a change of the Bidding Organizer, through
whom all transactions on the acquisition of Commercial
papers will be concluded, the Issuer should publish the
information about the new Bidding Organizer, through
whom transactions on the acquisition of Commercial
papers will be concluded. The abovementioned
information will include:
- full and shortened commercial name of a Bidding
Organizer;
- its location, phone number and fax;
- information on its License: number, date of issue,
period of validity, body, issued the License;
procedure of the implementation of the
acquisition of Commercial papers in accordance
with the rules of
the Bidding Organizer.
Information disclosure is implemented by the
Issuer in the form of notice on essential fact in the
following time limits, from the date of making of the
resolution on a change of the Bidding Organizer through
whom transactions on the acquisition of Commercial
papers will be concluded:
•
•
in the Newswire - not later than 1 (one) day in
advance;
on the page on the network Internet – not later
than 2 (two) days in advance.
To change paragraphs “A: Commercial papers of Series BO-04”, “B: Commercial papers of Series BO-05”,
“C: Commercial papers of Series BO-06”, “D: Commercial papers of Series BO-07”, “E: Commercial papers
of Series BO-08”, “F: Commercial papers of Series BO-09”, “G: Commercial papers of Series BO-10”, item
9.1. “Information on securities, being placed”, sub-item 9.1.2. “Additional information on securities, being
placed”, sub-sub-item e):
Text of the version to be changed
Text of the new version with changes
Bond owners’ activities in case of a default in Bond owners’ activities in case of default in
performance or improper performance of the obligations performance or improper the performance of the
on bonds.
obligations on bonds.
1. In accordance with Articles 809 and 810 of the In case if at the moment of performing of the acts,
Russian Federation Civil Code, the Issuer is obliged to connected with a default/ a technical default on
refund the nominal value of Commercial papers to the Commercial papers, conditions, procedure and(or) rules
owner of Commercial papers and to pay out coupon (requirements), different from those mentioned in this
yield, in the amount and in the manner, provided by the item, will be determined by the Russian Federation
terms and conditions of the Securities Issuance Legislation or/and normative acts for the financial
Resolution and the Prospectus of securities.
markets, but nevertheless, applicable to this issue of
A Default is a failure to perform the obligations on Commercial papers, by reference to the date of the
identification number assignment, the abovementioned
Commercial papers in a case:
acts will be implemented in accordance with the
• delay in performance of the obligations on requirements of the Russian federation legislation
payment of coupon yield on Commercial or/and normative acts for the financial markets, effective
papers in the manner and in time limits, at the moment of their implementation.
1. In accordance with Articles 809 and 810 of the
defined in the
Securities Issuance
Russian
Federation Civil Code, the Issuer is obliged to
Resolution and the Prospectus of securities
for the period of more than 7 (seven) days refund the the nominal value of Commercial papers to
or waiver of performance of the above the owner of Commercial papers and to pay out coupon
yield, in the amount and in the manner, provided by the
mentioned obligation.
• delay in performance of the obligations on terms and conditions of the Securities Issuance
refunding of the nominal value of bonds of Resolution and the Prospectus of securities.
A Default is a failure to perform obligations on
Commercial papers, in the amount and in
the manner, provided by the terms and
conditions of the Securities Issuance
Resolution and the Prospectus of securities
for the period of more than 7 (seven) days
or waiver of performance of the above
mentioned obligation.
The performance of the relevant obligations with a
delay, but in time limits, defined in this item, is a
technical default.
2. In case of the Issuer’s default/ technical default
on Commercial papers, the owners of Commercial
papers or their authorized persons, have the right to
appeal to the Issuer with the requirement to pay out:
1). In case of a default - the nominal value a
Commercial paper and/or pay out an income on it, also
pay interest for the late repayment of Commercial
papers and/or payment of income on them in accordance
with Articles 395 and 811 of the Russian Federation
Civil Code.
2). In case of a technical default - to pay interests
for the late performance of the obligations on
Commercial papers in accordance with Articles 395 and
811 of the Russian Federation Civil Code.
The Demand to the Issuer should be submitted in
written form, named “the Claim” and sighed by the
owner of Commercial papers or his authorized person,
including an authorized person of a nominee holder of a
Commercial paper.
The owner of Commercial papers or his authorized
person raises the Claim to the Issuer with the following
documents attached:
- statement of the custodial account of the owner
of Commercial papers,
- documents, acknowledged the authority of
persons, who signed the Claim on behalf of the owner of
Commercial papers ( in case if the Claim is raised by the
representative of the owner of Commercial papers).
The Claim must obligatory contains the following
information:
- full commercial name (full name) of the owner
of Commercial papers and a person, authorized by the
owner of Commercial papers to receive payments on
Commercial papers;
- identification number of
the issue of
Commercial papers and the date of resolution, made by
CJSC “Stock Exchange Market “MICEX” on admission
for bidding of Commercial papers in the process of their
placement;
- number of Commercial papers (in words and
figures), belonging to the owner of Commercial papers;
and
- name of the event, given the right to the owner
of Commercial papers to appeal to the Issuer with the
requirement;
- location and address of a person, submitted the
Claim;
bank account details of
the owner of
Commercial papers or a person, authorized by the
owner of Commercial papers to receive payments on
Commercial papers;
- taxpayer identification number (TPIN) of a
Commercial papers in a case:
• delay, due to the fault of the Issuer, in
performance of the obligations on the payment of due
interest (coupon) on Commercial papers for the period
of more than 10 (ten) days or waiver of performance of
the above mentioned obligation.
• delay, due to the fault of the Issuer, in
performance of the obligations on the repayment of the
nominal value of Commercial papers (part of the
nominal value of Commercial papers, in case if the
repayment of the nominal value of Commercial papers
is fulfilled by installments) for the period of more than
10 (ten) days or waiver of performance of the above
mentioned obligation.
• delay, due to the fault of the Issuer, in
performance of the obligations on the acquiring of
Commercial papers for the period of more than 10 (ten)
days or waiver of performance of the above mentioned
obligation.
The performance of the relevant obligations
with a delay, but in time limits, defined in this item, is a
technical default.
2. In case of the Issuer’s default/ technical default
on Commercial papers, the owners of Commercial
papers or their authorized persons, have the right to
appeal to the Issue with the requirement to pay out:
1). In case of a default - the nominal value of a
Commercial paper of and/or to pay out an income on it,
also to pay interest for the late repayment of
Commercial papers and/or payment of income on them
and/or to perform the obligations on the acquisition of a
Commercial paper, in accordance with Articles 395 and
811 of the Russian Federation Civil Code.
2). In case of a technical default - to pay interests
for the late performance of the obligations on
Commercial papers in accordance with Articles 395 and
811 of the Russian Federation Civil Code.
The Demand to the Issuer should be submitted in
written form, named “the Claim” and sighed by the
owner of Commercial papers or his authorized person,
including an authorized person of a nominee holder of a
Commercial paper.
The owner of Commercial papers or his authorized
person raises the Claim to the Issuer with the following
documents attached:
- statement of the custodial account of the owner
of Commercial papers,
- documents, acknowledged the authority of
persons, who signed the Claim on behalf of the owner of
Commercial papers (in case if the Claim is raised by a
representative of the owner of Commercial papers.
The Claim must obligatory contains the following
information:
- full commercial name (full name) of the owner
of Commercial papers and a person, authorized by the
owner of Commercial papers to receive payments on
Commercial papers;
- identification number of
the issue of
person, authorized by the owner of Commercial papers
to receive payments on Commercial papers;
- tax status of a person, authorized to receive
payments on Commercial papers; (resident, nonresident, having a permanent representative office in
Russian Federation, non-resident, without a permanent
representative office in Russian Federation and etc.);
- Tax Registration Reason Code (TRRC) of a
person, authorized to receive payments on Commercial
papers;
- All-Russian Classifier of Enterprises and
Organizations (RCEO) Code;
- All-Russian Classifier of Economic Activities
(RCEA) Code;
- BIC (for credit organizations).
In case if the owner of Commercial papers is a nonresident and (or) a natural person, the Claim should
include the following additional information:
- location (place of registration – for natural
persons) and a postal address, including index of the
owner of Commercial papers;
- taxpayer identification number (TPIN) of an
owner of Commercial papers;
- tax status of the owner of Commercial papers;
In case if the owner of Commercial papers is a legal
person- non-resident:
- FCC (Foreign Company Code) if any.
In case if the owner of Commercial papers is a
natural person:
- form, number ,date and place of issue of the
document, certified the identity of the owner of
Commercial papers;
- name of the authority, issued the document:
- date, month, year of birth of the owner of
Commercial papers.
In addition to the Demand (bid), to the information,
concerning natural and legal persons-non-residents of
the Russian Federation, being owners of Commercial
papers, the owner of Commercial papers, or a person,
authorized by the owner of Commercial papers, is
obliged to transfer to the Issuer the following
documents, necessary for application of relevant tax
rates for taxation of income on Commercial paper:
a) in case if the owner of Commercial papers is a
legal person- non-resident:
- acknowledgment of the fact that a legal personnon-resident has a permanent location in the state, with
which the Russian Federation concluded the National
Treaty, regulating tax questions (in case of conclusion),
which should be approved by the competent authority of
a relevant foreign state. In case if this acknowledgment
is prepared in a foreign language, a translation into the
Russian language is also attached 9;
b) in case if a recipient of income on Commercial
Commercial papers and the date of resolution, made by
CJSC “Stock Exchange Market “MICEX” on admission
for bidding of Commercial papers in the process of their
placement;
- number of Commercial papers (in words and
figures), belonging to the owner of Commercial papers;
and
- name of the event, given the right to the owner
of Commercial papers to appeal to the Issuer with the
requirement;
- location and address of a person, submitted the
Claim;
bank account details of
the owner of
Commercial papers or a person, authorized by the
owner of Commercial papers to receive payments on
Commercial papers;
- taxpayer identification number (TPIN) of a
person, authorized by the owner of Commercial papers
to receive payments on Commercial papers;
- tax status of a person, authorized to receive
payments on Commercial papers; (resident, nonresident, having a permanent representative office in
Russian Federation, non-resident, without a permanent
representative office in Russian Federation and etc.);
- Tax Registration Reason Code (TRRC) of a
person, authorized to receive payments on Commercial
papers;
- All-Russian Classifier of Enterprises and
Organizations (RCEO) Code;
- All-Russian Classifier of Economic Activities
(RCEA) Code;
- BIC (for credit organizations).
In case if the owner of Commercial papers is a nonresident and (or) a natural person, the Claim should
include the following additional information:
- location (place of registration – for natural
persons) and a postal address, including index of the
owner of Commercial papers;
- taxpayer identification number (TPIN) of the
owner of Commercial papers;
- tax status of the owner of Commercial papers;
In case if the owner of Commercial papers is a
legal person- non-resident:
- FCC (Foreign Company Code) if any.
In case if the owner of Commercial papers is a
natural person:
- form, number ,date and place of issue of the
document, certified the identity of the owner of
Commercial papers;
- name of the authority, issued the document;
- date, month, year of birth of the owner of
Commercial papers.
In addition to the Claim, to the information, concerning
natural and legal persons-non-residents of the Russian
Federation, being owners of commercial l papers, an
papers will be a permanent representation of a legal
person-non-resident:
notarized copy of Certificate of Registration
with the Tax Authorities of the Russian Federation,
issued not earlier than in a previous tax period (if the
income paid refers to a permanent representation of a
recipient of income in RF);
owner of Commercial papers, or a person, authorized
by the owner of Commercial papers, is obliged to
transfer to the Issuer the following documents,
necessary for application of relevant tax rates for
taxation of Commercial paper income:
a) in case if the owner of Commercial papers is a
legal person- non-resident:
- acknowledgment of the fact that a legal personnon-resident has a permanent location in the state, with
which the Russian Federation concluded the National
Treaty, regulating tax questions (in case of conclusion),
which should be approved by the competent authority of
a relevant foreign state. In case if this acknowledgment
is prepared in a foreign language, a translation into the
Russian language is also attached 10;
9 Article 312 of the Russian Federation Tax code provides for submitting to a tax agent of acknowledgment, approved
by the competent authority of a relevant foreign state. The procedure of issuing of public documents, coming from the competent
authority of a relevant foreign state, stated in Hague Convention of 5 October 1961, being in virtue of Article 15 of Constitution
of the Russian Federation, an integrated part of the Russian Federation Legal System.
In accordance with Article 1 of the Convention, the Convention applies for public documents, which were executed on
the territory of one of the contracting states and must be represented on the territory of another contracting state.
In virtue of Article 3 of the Convention, the only formality, compliance with which should be required for the signature
authentication, a capacity in which a person, signing the document acted and, in appropriate cases, the authentication of the seal
or stamp, with which the document was affixed, is putting down of the Apostille, by the competent authority of a relevant foreign
state, in which the document was executed and provided by Article 4 of the Convention.
As the convention applies to the public documents, including coming from the authority or an authorized person,
submitting to the state jurisdiction, including documents, coming from the Prosecutor’s Office, a court secretary or an officer of
the court, such documents should satisfy the requirements of the Convention, that is to contain the Apostille.
At this rate, for applying of the preferential tax treatment, a foreign person should submit the acknowledgement, issued
by the competent authority of a relevant foreign state and contains the Apostille.
10
Article 312 of the Russian Federation Tax code provides for submitting to a tax agent of acknowledgment, approved
by the competent authority of a relevant foreign state. The procedure of issuing of public documents, coming from the competent
authority of a relevant foreign state, stated in Hague Convention of 5 October 1961, being in virtue of Article 15 of Constitution
of the Russian Federation, an integrated part of the Russian Federation Legal System.
In accordance with Article 1 of the Convention, The Convention applies for public documents, which were executed
on the territory of one of the contracting states and must be represented on the territory of another contracting state.
In virtue of Article 3 of the Convention, the only formality, compliance with which should be required for the signature
authentication, a capacity in which a person, signing the document, acted and in appropriate cases, authentication of the seal or
stamp, with which the document was affixed, is putting down of the Apostille, by the competent authority of a relevant foreign
state, in which the document was executed and provided by Article 4 of the Convention.
As the convention applies to the public documents, including coming from the authority or an authorized person,
submitting to the state jurisdiction, including documents, coming from the Prosecutor’s Office, a court secretary or an officer of
the court, such documents should satisfy the requirements of the Convention, that is to contain the Apostille.
At this rate, for applying of the preferential tax treatment, a foreign person should submit the acknowledgement, issued
by the competent authority of a relevant foreign state and contains the Apostille.
c) In case if the owner of Commercial papers is a
natural person non-resident:
- official acknowledgement of the fact that a
natural person is a resident of the state, with which the
Russian Federation concluded the National Double Tax
Treaty, effective during the relevant tax period (or its
part);
- official acknowledgement of the fact that a
foreign natural person located on the territory of the
Russian Federation more than 183 days (a notarized
copy of Certificate of Registration with the Tax
Authorities of the Russian Federation) and is a tax
resident of the Russian Federation for purposes of
taxation of income.
b) in case if a recipient of income on Commercial
papers will be a permanent representation of a legal
person-non-resident:
notarized copy of Certificate of Registration
with the Tax Authorities of the Russian Federation,
issued not earlier than in a previous tax period (if the
income paid refers to a permanent representation of a
recipient of income in RF);
c) In case if the owner of Commercial papers is a
natural person non-resident:
- official acknowledgement of the fact that a
natural person is a resident of the state, with which the
Russian Federation concluded the National Double Tax
Treaty, effective during the relevant tax period (or its
d) For Russian Federation citizens - the owner of
Commercial papers, living outside the territory of the
Russian Federation, or for a person, authorized by the
owner to perform all necessary actions, directed to the
repayment of Commercial papers , preliminary asked
such a person to submit to the Issuer a necessary
application (in any form) on acceptance of a tax nonresident status by a Russian Federation citizen in
accordance with Article 207 of the Tax Code of the
Russian Federation on the relevant payment date.
In case of failure to submit or delayed submission of
abovementioned documents, the Issuer doesn’t bear
liability to owners for non-application of the relevant tax
rates.
The Claim is sent by a registered letter with the
Notice of delivery and with a list of enclosures to the
Issuer’s postal address or is delivered by hand on
receipt.
The Claim is considered by the Issuer in 5 (five)
days.
3. If in case of a technical default on the payment
of due interest (coupon), the Issuer paid due amount of
coupon yield in 7 (seven) days from the date on which
the obligation must have been fulfilled, but didn’t pay
interests for late coupon yield payment in accordance
with Article 395 of the Russian Federation Civil Code,
the owners of Commercial papers or their authorized
persons have the right to raise a claim to the Issuer on
paying such interests. In this case the Issuer transfers
due amounts to the owner of Commercial papers in 3
(three) business days from the date of the Claim
acceptance.
If in case of a technical default on the payment of
the principal debt, the Issuer paid due amount of the
principal debt in 30 (thirty) days from the date, on which
the obligation must have been fulfilled, but didn’t pay
interests for late payment of the principal debt in
accordance with Article 395 of the Russian Federation
Civil Code, the owners of Commercial papers or their
authorized persons have the right to raise a claim to the
Issuer on paying such interests. In this case the Issuer
transfers due interests for late payment of the principal
debt in 3 (three) business days from the date of the
Claim acceptance.
4. In case the Claim is raised and contains
requirements on payment of amounts, listed below in
this sub-item, resulting from the default on the payment
of due interest (coupon) on Commercial papers, or
resulting from the default on the payment of the nominal
value of Commercial papers, the Claim should contain
the following additional information:
- bank account details of a person, authorized
by the owner of Commercial papers to receive payments
on Commercial papers, listed according to the rules of
the National Settlement Depositary for securities
part);
- official acknowledgement of the fact that a
foreign natural person located on the territory of the
Russian Federation more than 183 days (a notarized
copy of Certificate of Registration with the Tax
Authorities of the Russian Federation) and is a tax
resident of the Russian Federation for purposes of
taxation of income.
d) For Russian Federation citizens - the owner of
Commercial papers, living outside the territory of the
Russian Federation, or for a person, authorized by the
owner to perform all necessary actions, directed to the
repayment of Commercial papers , preliminary asked
such a person to submit to the Issuer a necessary
application (in any form) on acceptance of a tax nonresident status by a Russian Federation citizen in
accordance with Article 207 of the Tax Code of the
Russian Federation on the relevant payment date.
In case of failure to submit or delayed submission of
abovementioned documents, the Issuer doesn’t bear
liability to owners for non-application of the relevant
tax rates.
The Claim is sent by a registered letter with Notice
of delivery and with a list of enclosures to the Issuer’s
postal address or is delivered by hand on receipt.
The Claim is considered by the Issuer in 5 (five)
days.
In case when even if one Claim is satisfied, and as a
result, an amount of coupon yield for accomplished
coupon period is paid, payment of these amounts to the
rest of owners, who haven’t raised Claims, can’t be
fulfilled in accordance with the procedure, specified in
item 9.4 of this Securities Issuance Resolution. In this
case the Issuer should inquire of the National Settlement
Depositary after a list of persons, being owners of
Commercial papers on relevant dates (hereinafter“List”). For fulfillment of payments, mentioned in this
paragraph, to owners of Commercial papers, defined
in the List, who haven’t raised Claims, the Issuer should
transfer due amounts of coupon yield for the
accomplished coupon period.
3. If in case of a technical default on payment of
due interest (coupon), the Issuer paid due amount of
coupon yield in 10 (ten) business days from the date on
which the obligation must have been fulfilled, but didn’t
pay interests for late payment of coupon yield in
accordance with Article 395 of the Russian Federation
Civil Code, the owners of Commercial papers or their
authorized persons have the right to raise a claim to the
Issuer on paying such interests. In this case the Issuer
transfers due amounts to the owners of Commercial
papers in 3 (three) business days from the expiration
date of the Claim consideration period.
If in case of a technical default on the payment of
transfers by counter orders with the control over
settlements on monetary funds;
- custodial account details, opened in the
National Settlement Depositary for the owner of
Commercial papers or a person, authorized by the
owner of Commercial papers, necessary for transfers of
Commercial papers by counter orders with the control
over settlements on the monetary funds, according to the
rules, stated by the National Settlement Depositary;
In case of fulfillment of payments to owners of
Commercial papers, required to pay amounts, listed
below in this sub-item, resulting from the default on the
payment of due interest (coupon) on Commercial
papers, or resulting from the default on the payment of
the nominal value of Commercial papers, the payment of
the following amounts is fulfilled by the Issuer with
making of settlements, according to the rules of the
National Settlement Depositary for securities transfers
by counter orders of the transmitter and the recipient
with the control over the settlements on monetary funds:
•
•
the nominal value, the due date of the payment,
which didn’t occur in accordance with terms
and conditions of the Securities Issuance
Resolution;
accrued coupon yield on Commercial papers
for the unaccomplished coupon period from the
moment of starting of such a coupon period to
the date of the actual payment of the nominal
value by the Issuer, calculated in accordance
with the Securities Issuance Resolution.
For the fulfillment of the mentioned securities
transfer, the Issuer not later than on the 10(tenth)
business day from the expiration date of the Claim
consideration period to give a written notice on the
resolution made to the owner of Commercial papers or a
person, authorized by the owner of Commercial papers
to perform all necessary actions, directed to receiving of
payments on Commercial paper, who raised the Claim,
and in the notice on satisfaction (acceptance) of the
Claim, define the details, necessary for filling-in a
custodian order, in the form, defined by the National
Settlement Depositary for Commercial paper transfers
with the control over settlements on the monetary funds.
After sending of such Notices, the Issuer gives
in a custodian counter order to the National Settlement
Depositary for Commercial paper transfers (in the form
defined by the National Settlement Depositary for
Commercial paper transfers with the control over
settlements on the monetary funds) from a custodian
account, opened in the National Settlement Depositary
for the owner of Commercial papers, or for a person,
authorized by the owner, to the Issuer account, in
accordance with the details, defined in the Claim, and
the Issuer as well or the authorized person gives in the
order to the National Settlement Depositary for
monetary funds transfer from his bank account to a bank
account of the owner of Commercial papers or of a
the principal debt (part of the nominal value of
Commercial papers, in case if the repayment of the
nominal value of Commercial papers is fulfilled by
installments) the Issuer paid due amount of the
principal debt in 10 (ten) days from the date on which
the obligation must have been fulfilled, but didn’t pay
interests for late payment of the principal debt in
accordance with Article 395 of the Russian Federation
Civil Code, the owners of Commercial papers or their
authorized persons have the right to raise a claim to the
Issuer on paying such interests. In this case the Issuer
transfers due interests for late payment of the principal
debt to the owners of Commercial papers in 3 (three)
business days from the expiration date of the Claim
consideration period.
In case of a technical default on the acquisition of
Commercial papers, the Issuer, during the time limits,
determined for technical default, paid due amount of the
principal debt (part of the nominal value of Commercial
papers, in case if the repayment of the nominal value of
Commercial papers is fulfilled by installments), and
accrued coupon yield as well, in accordance with item
10 of the Securities Issuance Resolution, but didn’t pay
interests for the late acquisition of Commercial papers,
in accordance with Article 395 of the Russian
Federation Civil Code, the owners of commercial
papers or their authorized persons have the right to
raise a claim to the Issuer on paying such interests. In
this case the Issuer considers such a Claim during 5
(five) days from the date of the Claim receipt and, in 3
(three) business days from the expiration date of the
Claim consideration, transfers due amounts in favor of
the owner of Commercial papers, who raised the Claim.
4. In case the Claim is raised and contains
requirements to pay the nominal value of Commercial
papers and income on Commercial papers from the
start date of the coupon period next to the coupon
period, in which the obligation on the payment of
coupon yield must have been fulfilled, before the date of
actual payment of the nominal value of Commercial
paper, calculated in accordance with the Securities
Issuance Resolution, resulting from the default on the
payment of income on Commercial paper, or resulting
from the default on payment of
income and the
nominal value of Commercial papers, the Claim should
contain the following additional information:
- bank account details of a person, authorized
by the owner of Commercial papers to receive payments
Commercial papers, listed according to the rules of the
National Settlement Depositary for securities transfers
by counter orders with the control over settlements of
the monetary funds;
- custodian account details, opened in the
National Settlement Depositary for the owner of
Commercial papers or a person, authorized by the
owner of Commercial papers, necessary for Commercial
paper transfers by counter orders with the control over
settlements on the monetary funds, according to the
rules, stated by the National Settlement Depositary;
In case of fulfillment of payments to the owner of
Commercial papers, required to pay the nominal value
person, authorized by the owner, to receive payments on
Commercial papers, the details of which are defined in
the relevant Claim.
After receiving of a notice on satisfaction
(acceptance) of the Claim, the owner of Commercial
papers or a person, authorized by the owner gives in an
order to the National Settlement Depositary in a form,
determined by the National Settlement Depositary for
transfer of securities with the control over settlements
on the monetary funds, for transfers of Commercial
paper from the custodial account in the National
Settlement Depositary to the Issuer’s account, in
accordance of the details, defined in the relevant Claim
on satisfaction (acceptance) of the Claim.
The due payment dates (hereinafter- Due Date),
indicated by the parties in custodian orders for transfer
of securities with the control over settlements on the
monetary funds as well as in bank transfer orders for
monetary funds transfers, should be identical.
The Due date shouldn’t occur on a non-work
day, holiday or a day-off – independent from the fact, if
it is a national day-off or a day-off for payment
transactions in the Russian Federation.
5. In other cases of a default (technical default)
owners or the other persons, exercise rights for
Commercial papers according to the Federal Laws,
receive payments through the depository, keeping
records of rights for Commercial papers, and depositors
of which they act as. The Depository Agreement between
the depository, accounting of rights for securities, and
the depositor should include the procedure of the
payments transfer on securities.
The transfer of payments is fulfilled according to
the procedure, described in sub-items 9.2. and 9.4 of
Securities Issuance Resolution.
6. In case if the Issuer’s authorized person
refused to get on the receipt of the Claim (Demand) or a
registered letter with the Claim (Demand) or the Claim
(Demand), sent to the Issuer’s postal address wasn’t
delivered due to the fact that the Issuer was absent at
said address, or the Issuer’s rejection of the Claim
(Demand), the owners of Commercial papers or
persons, authorized by them have the right to file a
claim in court or arbitration court against the Issuer for
collection of relevant amounts .
In case of the Issuer’s failure to transfer or due
amounts on the principal debt payment on Commercial
papers and interests for late repayment of Commercial
papers to the owner of Commercial papers are not
transferred in full scale, in accordance with Article 395
of the Russian Federation Civil Code, in 30 (thirty) days
from the date on which the obligation must have been
fulfilled, the owners of Commercial papers or their
authorized persons have the right to file a claim in court
or arbitration court against the Issuer for collection of
of Commercial papers and income on Commercial
paper from the start date of the coupon period next to
the coupon period, in which the obligation on the
payment of coupon yield must have been fulfilled, before
the date of the actual payment of the nominal value of
Commercial papers, calculated in accordance with the
Securities Issuance Resolution, resulting from the
default on payment of income on Commercial papers,
or resulting from the default on payment of income
and the nominal value of Commercial papers, payment
of the following amounts is fulfilled by the Issuer with
making of settlements, according to the rules of the
National Settlement Depositary for securities transfers
by counter orders of the transmitter and the recipient
with monetary funds the control over settlements on the
monetary funds:
• a nominal value;
• accrued coupon yield on Commercial
papers from the start date of the coupon period next to
the coupon period, in which the obligation on the
payment of coupon yield must have been fulfilled, before
the date of the actual payment of the nominal value of
Commercial papers, calculated in accordance with the
Securities Issuance Resolution.
For the fulfillment of the mentioned securities
transfer, the Issuer not later than on the 10(tenth)
business day from the expiration date of the Claim
consideration period to give a written notice on the
resolution made to the owner of Commercial papers or
a person, authorized by the owner of Commercial
papers to perform all necessary actions, directed to
receiving of payments on Commercial paper, who raised
the Claim, and in the notice on satisfaction (acceptance)
of the Claim, defines the details, necessary for filling-in
a custodian order, in the form, defined by the National
Settlement Depositary for Commercial paper transfers
with the control over settlements on the monetary funds.
After sending of such Notices, the Issuer gives
in a custodian counter order to the National Settlement
Depositary for Commercial paper transfers (in the form
defined by the National Settlement Depositary for
Commercial paper transfers with the control over
settlements on the monetary funds) from a custodian
account, opened in the National Settlement Depositary
for the owner of Commercial papers, or for a person,
authorized by the owner, to the Issuer’s account, in
accordance with the details, defined in the Claim, and
the Issuer as well or the authorized person gives in the
order to the National Settlement Depositary for
monetary funds transfer from its bank account to a bank
account of the owner of Commercial papers or of a
person, authorized by the owner, to receive payments on
Commercial papers, opened in the National Settlement
Depositary, the details of which are defined in the
relevant Claim.
After receiving of a notice on satisfaction
(acceptance) of the Claim, the owner of Commercial
papers or a person, authorized by the owner gives in the
order to the National Settlement Depositary for transfer
of securities with the control over settlements on the
monetary funds for Commercial paper transfers from
relevant amounts .
The procedure of filing claims in a court or an
arbitration court.
In case if it’s impossible for the owner of
Commercial papers to obtain satisfaction of demands,
raised to the Issuer, on Commercial papers, owned by
them, the owners of Commercial papers have the right to
file a claim in a court (an arbitration court or a court of
general jurisdiction) against the Issuer.
In this case the owner of Commercial papersnatural persons can file a claim in the court of general
jurisdiction, local to the defendant, legal persons and
individual entrepreneurs - the owner of Commercial
papers, can file a claim in an arbitration court, local to
the defendant.
The general period of limitations, according to
Article 196 of the Russian Federation Civil Code, is
determined for a term of three years. In accordance with
Article 200 of the Russian Federation Civil Code, the
general period of limitations starts after the termination
of the due period of the obligation fulfillment by the
Issuer.
Jurisdiction over civil cases is provided by
Article 22 of Civil Procedure Code of the Russian
Federation. In accordance with this Article, courts of
general jurisdiction consider and adjudicate in cases
with participation of citizens, organizations, public
authorities, local self-government authorities on
protection of rights, contested or infringed, freedoms
and legal interests, on disputes, arise out of civil, family,
labor, housing, land, environmental and other legal
relations.
Arbitration court jurisdiction is provided by
Article 22 of the Civil Procedure Code of the Russian
Federation. In accordance with this Article, cases,
concerning economic disputes and other cases,
connected with implementation of entrepreneurial
activities and the other economic activities are within
the subject matter jurisdiction of arbitration courts.
Arbitration courts solve economic disputes and consider
other cases with participation of organizations, being a
legal persons, citizens, implementing of entrepreneurial
activities without the formation of the legal entity, who
have a status of an individual entrepreneur, acquired in
accordance with the procedure, established by the Law
(hereinafter - individual entrepreneurs), and in cases,
provided by the Civil Procedure Code of the Russian
Federation and the other federal laws, with the
participation of the Russian Federation, constituents of
the Russian Federation, municipal entities, public
authorities, local self-government authorities and the
other authorities, authorized persons, entities without a
status of a legal person, and citizens without a status of
an individual entrepreneur (hereinafter-organizations
and citizens).
his custodial account in the National Settlement
Depositary to the Issuer’s account, in accordance with
the details, defined in the relevant Claim on satisfaction
(acceptance) of the Claim.
The due payment dates (hereinafter- Due Date),
indicated by the parties in custodian orders for transfer
of securities with the control over settlements on the
monetary funds as well as in bank transfer orders for
monetary funds transfers, should be identical.
The Due date shouldn’t occur on a non-work
day, holiday or a day-off – independent from the fact, if
it is a national day-off or a day-off for payment
transactions in the Russian Federation.
5. In case of a default or a technical default on the
fulfillment by the Issuer of the obligations on payment of
interest (coupon) income for the whole coupon period
on
Commercial papers and the nominal value/
outstanding part of the nominal value of Commercial
papers (excluding payment of interests for late
fulfillment of the obligations on Commercial papers in
accordance with Articles 395 and 811 of the Russian
Federation Civil Code, is carried out according to the
procedure, provided for payment amounts of the
nominal value / outstanding part of the nominal value of
Commercial papers and interest (coupon) income on
them in items 9.2, 9.5.2 B) and 9.4 of the Securities
Issuance Resolution thereafter.
In case of a default or a technical default on the
fulfillment by the Issuer of the obligations on the
acquisition of Commercial papers (excluding payment
of interests for late fulfillment of the obligations on
Commercial papers in accordance with Articles 395
and 811 of the Russian Federation Civil Code), is
carried out according to the procedure, provided for
payment of amounts on the acquisition of Commercial
papers in item 10 of the Securities Issuance Resolution.
6. In case if the Issuer’s authorized person
refused to get on the receipt of the Claim (Demand) or a
registered letter with the Claim (Demand) or the Claim
(Demand), sent to the Issuer’s postal address wasn’t
delivered due to the fact that the Issuer was absent at
said address, or the Issuer’s rejection of the Claim
(Demand), the owners of Commercial papers or
persons, authorized by them have the right to file a
claim in court or arbitration court against the Issuer for
collection of relevant amounts .
In case of the Issuer’s failure to transfer or due
amounts on payments of Commercial papers repayment
and/or payments on coupons and /or payment of the
price of the acquisition (the nominal value of
Commercial papers and accrued coupon yield), and also
interests for late repayment of Commercial papers
and/or payments on coupons and /or the nominal value
of Commercial papers and accrued coupon yield in
accordance with Articles 395 and 811 of the Russian
Federation Civil Code, or a registered letter, sent to the
Issuer’s postal address wasn’t delivered due to the fact
that the Issuer was absent at said address, or the
Issuer’s refusal to get the letter and /or he the Issuer’s
rejection of the Claim (Demand)on payment of amounts
The procedure of the information disclosure.
In case of the Issuer’s failure to perform the
obligations or perform obligations on Commercial
papers properly (including a default or a technical
default), the Issuer publishes the notice on essential fact
on the Issuer’s failure to perform the obligations to the
owners of his securities, according to item 11 of the
Securities Issuance Resolution and item 2.9. of the
Prospectus of securities of securities.
The Issuer’s failure to perform the obligations
on bonds is a material breach of the concluded loan
agreement (default) in the following cases:
delay in performance of the obligations on the
payment of due interest (coupon) on a bond for the
period of more than 7 (seven) days or waiver of
performance of the above mentioned obligation.
delay in performance of the obligations on the
payment of the principal debt on a bond for the period of
more than 30 (thirty) days or waiver of performance of
the above mentioned obligation.
The performance of the relevant obligations
with a delay, but in time limits, defined in this item, is a
technical default.
of repayment of Commercial papers and/or payments on
coupons and /or the nominal value of Commercial
papers and accrued coupon yield, and also interests for
late repayment of Commercial papers and/or payments
on coupons and /or the nominal value of Commercial
papers and accrued coupon yield in accordance with
Articles 395 and 811 of the Russian Federation Civil
Code, owners of Commercial papers or their authorized
persons have the right to file a claim in court or
arbitration court against the Issuer for collection of
relevant amounts .
The procedure of filing claims in court or
arbitration court.
In case if it’s impossible for the owner of
Commercial papers to obtain satisfaction of demands,
raised to the Issuer, on Commercial papers, owned by
them, the owners of Commercial papers have the right to
file a claim in a court (an arbitration court or a court of
general jurisdiction) against the Issuer.
In this case the owner of Commercial papersnatural persons can file a claim in the court of general
jurisdiction, local to the defendant, legal persons and
individual entrepreneurs - the owner of Commercial
papers, can file a claim in the arbitration court, local to
the defendant.
The general period of limitations, according to
Article 196 of the Russian Federation Civil Code, is
determined for a term of three years. In accordance with
Article 200 of the Russian Federation Civil Code, the
general period of limitations starts after the termination
of the due period of the obligation fulfillment by the
Issuer.
Jurisdiction over civil cases is provided by
Article 22 of the Civil Procedure Code of the Russian
Federation. In accordance with this Article, courts of
general jurisdiction consider and adjudicate in cases
with participation of citizens, organizations, public
authorities, local self-government authorities on
protection of rights, contested or infringed, freedoms
and legal interests, on disputes, arise out of civil, family,
labor, housing, land, environmental and other legal
relations.
Arbitration court jurisdiction is provided by
Article 22 of the Civil Procedure Code of the Russian
Federation. In accordance with this Article, cases,
concerning economic disputes and other cases,
connected with implementation of entrepreneurial
activities and the other economic activities are within
the subject matter of jurisdiction of arbitration courts.
Arbitration courts solve economic disputes and consider
other cases with participation of organizations, being a
legal persons, citizens, implementing of entrepreneurial
activities without the formation of the legal entity, who
have a status of an individual entrepreneur, acquired in
accordance with the established by the Law procedure
(hereinafter - individual entrepreneurs), and in cases,
provided by the Civil Procedure Code of the Russian
Federation and the other federal laws, with
participation of the Russian Federation, constituents of
the Russian Federation, municipal entities, public
authorities, local self-government authorities and the
other authorities, authorized persons, entities without a
status of a legal person, and citizens without a status of
an individual entrepreneur (hereinafter-organizations
and citizens).
The procedure of information disclosure.
In case of the Issuer’s failure to perform the
obligations or perform the obligations on Commercial
papers properly (including a default or a technical
default), the Issuer publishes the notice on essential fact
on the Issuer’s failure to perform obligations to the
owners of his securities, according to item 11 of the
payments on coupons Securities Issuance Resolution and
item 2.9. of the Prospectus of securities of securities.
To change paragraphs “A: Commercial papers of Series BO-04”, “B: Commercial papers of Series BO-05”,
“C: Commercial papers of Series BO-06 ”, “D: Commercial papers of Series BO-07”,
“E: Commercial papers of Series BO-08”, “F: Commercial papers of Series BO-09”, “G: Commercial papers
of Series BO-10 ”, item 9.8. “Information on Bidding Organizers on the securities market, including Stock
Exchange Markets, in which the placement and /or circulation of equity securities are expected ”, in the part
of information, concerning the License of CJSC “Stock Exchange Market “MICEX”
Text of the version to be changed
Text of the new version with changes
Number of the License: 077-10489-000001
Number of the License: 077-007
Date of issue: 23.08.2007
Date of issue: 20.12.2013
Period of validity: unlimited
Period of validity: unlimited
Licensing authority: FFMS of Russia
Licensing authority: the Central Bank of the Russian
Federation
B) Amendments in Appendix 4 of the Prospectus of securities
In reference to Certificates of Commercial papers of series BO-04 - BO-10:
On the title page of the Specimen of Certificate of securities, the words “125009, Moscow, Sredniy
Kislovskiy side-street, 1/13, bldg. 8”, to replace with the words: “City of Moscow, Spartakovskaya
street, 12”.
To change Section 3. “Indication for the compulsory centralized storage”:
In the old edition:
“The compulsory centralized storage of Commercial papers is provided.
The depositary that will fulfil the compulsory centralized storage:
Full commercial name: Non-bank credit institution Joint Stock Company “National Settlement
Depository”
Shortened commercial name: NCI JSC NSD
Location: 125009, Moscow, Sredniy Kislovskiy side-street, 1/13, bldg. 8
Postal address: Moscow, Spartakovskaya street, 13
TPIN: 7702165310
Telephone number: +7(495) 956-27-90, fax: +7(495) 956-09-38
Number of License of a professional participant of the securities market to act as depositary:
177-12042-000100
Date of issue: 19.02.2009
Period of validity: unlimited
Licensing authority: FFMS of Russia
The procedure of registering and transferring of rights for certified equity securities with the compulsory
centralized storage, stipulated by the Federal Law dd.22/04/1996 #39-FZ “On the security Market”,
Regulations on the depository activity in the Russian Federation, approved by the resolution FSC of
Russia dd.16.10.1997 # 36.”
Shall be changed as follows:
“The compulsory centralized storage of Commercial papers is provided.
The depositary that will fulfil the compulsory centralized storage:
Full commercial name: Non-bank credit institution Joint Stock Company “National Settlement
Depository”
Shortened commercial name: NCI JSC NSD
Location: 105066, Moscow, Spartakovskaya street, 13
Postal address: 105066, Moscow, Spartakovskaya street, 13
TPIN: 7702165310
Telephone number: +7(495) 956-27-90, fax: +7(495) 956-09-38
Number of License of a professional participant of the securities market to act as depositary:
177-12042-000100
Date of issue: 19.02.2009
Period of validity: unlimited
Licensing authority: the Central Bank of the Russian Federation
The procedure of accounting and transferring of rights for certified equity securities with the
compulsory centralized storage, stipulated by the Federal Law dd.22/04/1996 #39-FZ “On the security
Market”, Regulations on the depository activity in the Russian Federation, approved by the resolution
FSC of Russia dd.16.10.1997 # 36.”
To change Section 7. “The rights of the owner of each security of the issue” in reference to payback
of investments:
In the old edition:
The Issue is obliged to ensure payback of the investments to owners of Commercial papers in case if the
issue of Commercial papers is declared invalid or void, in accordance with the legislation.”
Shall be change as follows:
The Issue is obliged to ensure payback of the investments to owners of Commercial papers in case if the
issue of Commercial papers is declared invalid, in accordance with the legislation.”
To delete the following information from Section 7. “The rights of the owner of each security of the
issue”:
The owners of Commercial papers or the other persons, exercise rights on Commercial papers according
to the Federal Laws, receive payments through the depository, accounting of rights on Commercial
papers, depositors of which they act as. The Depository Agreement between the depository, accounting of
rights for securities, and the depositor should include the procedure of transfer of payments on
Commercial papers.
To change Section 8.” Conditions and the procedure of placement of securities of the issue”:
In the old edition:
“Type of placement of securities:
Public offering
Period of placement of securities
The placement of securities starts not earlier than the date, on which the Issue permits access to the
Prospectus of securities.
Commercial papers can be placed under the condition of their payment in full.
The Issuer posts the text of the Prospectus of securities on the page on the network Internet in a term of
not more than 2 (two) days from the date of admission for bidding of Commercial papers in the process
of their placement.
The start date of the placement of Commercial papers is determined by the sole executive body of the
Issuer.
The expiration date of the placement of Commercial papers is the earliest one from the following:
a) The 3-d (third) business day from the start date of the placement of Commercial papers;
b) The date of the placement of last commercial paper of the issue, but not later than one month from
the from the start date of the placement of Commercial papers.”
Shall be change as follows:
“In case if at the moment of making resolution (approving by the authorized body) on the start date of
the placement of Commercial papers, and /or the resolution on changing of the start date of the
placement of Commercial papers by the Issuer, in accordance with the current legislation of the Russian
Federation and /or regulations in the sphere of financial markets, the other procedure and time limits
of making resolution on the mentioned events(approving by the authorized body) is determined by the
Issuer, different from the procedure and time limits, stipulated by this item, but nevertheless applying for
this issue of Commercial papers with reference to the date of assignation of the identification number to
it, making by the Issuer (approving by the authorized body) of these resolutions, implemented in the
manner and in the time limits, provided by the legislation of the Russian Federation and /or regulations
in the sphere of financial markets, effective at the time of the making by the Issuer (approving by the
authorized body) of these resolutions
In case if at the time of the disclosure of the information on the start date of the placement of
Commercial papers, and /or resolution on changing of the start date of the placement of Commercial
papers in accordance with the current legislation of the Russian Federation and /or regulations in the
sphere of financial markets, the other procedure and time limits of the disclosure of the information on
the mentioned events is determined , different from the procedure and time limits, stipulated by this
item, but nevertheless applying for this issue of Commercial papers with reference to the date of
assignment of the identification number to it, the information on the mentioned events is disclosed by
the Issuer, in the manner and in the time limits, provided by the legislation of the Russian Federation
and /or regulations in the sphere of financial markets, effective at the time of the disclosure of the
information on the mentioned events.
Type of placement of securities:
Public offering
Period of placement of securities
The placement of securities starts not earlier than the date, on which the Issue permits access to the
Prospectus of securities of securities.
Commercial papers can be placed under the condition of their payment in full.
The Issuer posts the text of the Prospectus of securities on the page on the network Internet in a term of
not more than 2 (two) days from the date of admission for bidding of Commercial papers in the process
of their placement.
The start date of the placement of Commercial papers is determined by the sole executive body of the
Issuer.
The expiration date of the placement of Commercial papers is the earliest one from the following:
a) The 3-d (third) business day from the start date placement of Commercial papers;
b) The date of placement of last commercial paper of the issue, but not later than one month from the
from the start date of placement of Commercial papers.”
To change Section 9.”Conditions of repayment and income payment on bonds”:
In the old edition:
“Form of repayment of Commercial papers:
The repayment of Commercial papers is made by monetary funds in non-cash form in the currency of
the Russian Federation.
The possibility of choosing by owners of Commercial papers the form of repayment of Commercial
papers is not provided.
The procedure and conditions of bonds repayment, including maturity
The start date:
3640-th (three thousand six hundred and fortieth) day from the start date of the placement of
Commercial papers.
The expiration date:
The start date and the expiration date of repayment of Commercial papers coincide.
The repayment of Commercial papers is made by reference to the outstanding part of the nominal value.
Outstanding part of the nominal value is defined as difference between the nominal value of one
commercial paper and its part, redeemed in a partial early repayment of Commercial papers (in case if
the resolution on partial early repayment of Commercial papers was made by the Issuer in accordance
with item 9.5 of Securities Issuance Resolution and 9.1.2 of the Prospectus of securities).
While the repayment of Commercial papers, coupon yield for the last coupon period is paid as well.
The procedure of income determination, paid on each bond.
Income on Commercial papers is an amount of coupon yields, accrued for each coupon period.
Commercial papers have twenty coupon periods. The duration of each of determined coupon periods is
equal to 182 (one hundred and eighty two) days.
The procedure of the determination of yield amount, paid on each coupon:
1. Coupon: Coupon interest rate for the first coupon period (C1) can be determined:
A) According to the results of holding of the Tender on the Stock Exchange Market among potential
acquirers of Commercial papers on the start date of the placement of Commercial papers.
On the day of Tender holding, participants in a bidding process, file counter targeted applications for
participation in the Tender, using the Exchange Bidding System as at their own expense and at the
expense of clients. Time and procedure of filing of applications for participation in the Tender is
determined by the Stock Exchange Market by agreement with the Issuer and /or Underwriter.
Applications for the acquisition of Commercial papers are sent by participants in a bidding process to
the address of the Underwriter.
Applications for the acquisition of Commercial papers should contain the following significant
conditions:
- the price of the acquisition (100% of a nominal value);
- number of Commercial papers;
- amount of coupon interest rate for the first coupon period;
- code of calculation, used while concluding transactions with securities, due to be included into
the clearing pool of a clearing organization under the conditions of multilateral or simple clearing,
and determining, that the procedure of control assurance is carried out while concluding of the
transaction, and the due conclusion date of the conclusion of a transaction with securities is the
transaction date;
- other parameters in accordance with the Exchange Bidding Rules.
As the price of the acquisition the Price of the placement of Commercial papers should be indicated,
determined by the Securities Issuance Resolution and the Prospectus of securities of securities.
As a number of Commercial papers, the number which a potential acquirer would like to acquire,
should be indicated, in case if the sole executive body of the Issuer defines coupon interest rate for the
first coupon period, which is more or equal to the amount of coupon interest rate for the first coupon
period, defined in an application.
As an amount of coupon interest rate for the first coupon period the amount (numerically with the
accuracy of two decimal places) of coupon interest rate for the first coupon period, should be indicated,
while announcing of which by the Issuer, a potential acquirer would be ready to buy the number of
Commercial papers, defined in an application, at the price of 100% of the nominal value.
The amount of coupon interest rate should be signified in per cent per annum with the accuracy of
basis point.
In this case monetary funds should be reserved in a sum, sufficient to pay for Commercial papers,
defined in applications for acquisition of Commercial papers, with regard to all necessary commission
fees.
Applications, failing to meet the above mentioned requirements, are not allowed to participate in the
Tender.
After the expiration of period of filing of applications for participation in the Tender, the Stock
Exchange Market forms Summery Register of Applications and transfers it to the Underwriter.
Summery Register of Applications contains all significant conditions of each applicatio- the price of
the acquisition, number of Commercial papers, date and time of bid filing, number of a bid, amount of
acceptable coupon interest rate for the first coupon period, and other details in accordance with the
Exchange Rules.
By virtue of analysis of applications for participation in the Tender, the sole executive body of the
Issuer makes a resolution on the amount of coupon interest rate for the first coupon period and reports
about the resolution made in written form not later than 30 minutes before its sending to the
information agency. After the publication of the information by the information agency the amount
of coupon interest rate for the first coupon period, the Issuer informs the Underwriter about the
amount of coupon interest rate for the first coupon period. The information on coupon interest rate for
the first coupon period is disclosed according to the procedure, provided by item 11 of the Securities
Issuance Resolution and item 2.9. of the Prospectus of securities.
B) The sole executive body of the Issuer not later than 1(one) day in advance before the start date of the
placement of Commercial papers.
The information on coupon interest rate for the first coupon period is disclosed, according to the
procedure, provided by item 11 of Securities Issuance Resolution and item 2.9. of the Prospectus of
securities of securities.
The Issuer informs the Stock Exchange Market on the resolution made, concerning coupon interest rate
for the first coupon period.
In both abovementioned cases:
The start date of The expiration date
the coupon period of the coupon period
of the first coupon of the first coupon is
is the start date of 182-d (one hundred
the placement of and eighty second)
Commercial
day from the start
papers.
date of the placement
of
Commercial
papers.
The calculation of the amount of payments for the first
coupon per one commercial paper is made by the
formula:
CY (Coupon Yield)= C1* Nom * (T1-T0) / (365*100%),
where
CY – amount of coupon yield on each commercial
paper;
Nom – outstanding part of the nominal value of one
commercial paper;
C1 – amount of coupon interest rate for the first
coupon period, per cent per annum;
T0 – the start date of the first coupon period of
Commercial papers;
T1– the expiration date of the first coupon period of
Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
2. Coupon: coupon interest rate for the second coupon period (C2) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of
the
second of the second coupon formula:
coupon is 182-d is
364-th
(three CY = C2* Nom * (T2-T1) / (365 * 100%),
(one hundred and hundred and sixty where
eighty second) day fourth) day from the CY – amount of coupon yield on each commercial
from the start date start date of the paper;
of the placement of placement
of Nom – outstanding part of the nominal value of one
Commercial
Commercial papers.
commercial paper;
papers.
C2 – amount of coupon interest rate for the second
coupon period, per cent per annum;
T1 – the start date of the second coupon period of
Commercial papers;
T2– the expiration date of the second coupon period of
Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
3. Coupon: coupon interest rate for the third coupon period (C3) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the third coupon of the third coupon is formula:
is 364-th (three 546-th (five hundred CY = C3* Nom * (T3-T2) / (365 * 100%),
hundred and sixty and forty sixth) day where
fourth) day from from the start date of CY – amount of coupon yield on each commercial
the start date of the the placement of paper;
placement
of Commercial papers.
Nom – outstanding part of the nominal value of one
Commercial
commercial paper;
papers.
C3 – amount of coupon interest rate for the third
coupon period, per cent per annum;
T2 – the start date of the third coupon period of
Commercial papers;
T3 – the expiration date of the third coupon period of
Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
4. Coupon: coupon interest rate for the fourth coupon period (C4) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of
the
fourth of the fourth coupon formula:
coupon is 546-th is 728-th (seven CY = C4* Nom * (T4-T3) / (365 * 100%),
(five hundred and hundred and twenty where
forty sixth) day eighth) day from the CY – amount of coupon yield on each commercial
from the start date start date of the paper;
of the placement of placement
of Nom – outstanding part of the nominal value of one
Commercial
Commercial papers.
commercial paper;
papers.
C4 – amount of coupon interest rate for the fourth
coupon period, per cent per annum;
T3 – the start date of the fourth coupon period of
Commercial papers;
T4 – the expiration date of the fourth coupon period of
Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
5. Coupon: coupon interest rate for the fifth coupon period (C5) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the fifth coupon of the fifth coupon is formula:
is 728-th (seven 910-th (nine hundred CY = C5* Nom * (T5-T4) / (365 * 100%),
hundred
and and tenth) day from where
twenty eighth) day the start date of the CY – amount of coupon yield on each commercial
from the start date placement
of paper;
of the placement of Commercial papers.
Nom – outstanding part of the nominal value of one
Commercial
commercial paper;
papers.
C5 – amount of coupon interest rate for the fifth
coupon period, per cent per annum;
T4 – the start date of the fifth coupon period of
Commercial papers;
T5 – the expiration date of the fifth coupon period of
Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
6. Coupon: coupon interest rate for the sixth coupon period (C6) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the sixth coupon of the sixth coupon is formula:
is 910-th (nine 1029-th
(one CY = C6* Nom * (T6-T5) / (365 * 100%),
hundred and tenth) thousand and twenty where
day from the start ninth) day from the CY – amount of coupon yield on each commercial
date
of
the start date of the paper;
placement
of placement
of Nom – outstanding part of the nominal value of one
Commercial
Commercial papers.
commercial paper;
papers.
C6 – amount of coupon interest rate for the sixth
coupon period, per cent per annum;
T5 – the start date of the sixth coupon period of
Commercial papers;
T6 – the expiration date of the sixth coupon period of
Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
7. Coupon: coupon interest rate for the seventh coupon period (C7) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the seventh of
the
seventh formula:
coupon is 1029-th coupon is 1274-th CY = C7* Nom * (T7-T6) / (365 * 100%),
(one thousand and (one thousand two where
twenty ninth) day hundred and seventy CY – amount of coupon yield on each commercial
from the start date fourth) day from the paper;
of the placement of start date of the Nom – outstanding part of the nominal value of one
Commercial
placement
of commercial paper;
papers.
Commercial papers.
C7 – amount of coupon interest rate for the seventh
coupon period, per cent per annum;
T6 – the start date of the seventh coupon period of
Commercial papers;
T7 – the expiration date of the seventh coupon period
of Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
8. Coupon: coupon interest rate for the eighth coupon period (C8) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of
the
eighth of the eighth coupon formula:
coupon is 1274-th is
1456-th
(one CY = C8* Nom * (T8-T7) / (365 * 100%),
(one thousand two thousand
four where
hundred
and hundred and fifty CY – amount of coupon yield on each commercial
seventy fourth) day sixth) day from the paper;
from the start date start date of the Nom – outstanding part of the nominal value of one
of the placement of placement
of commercial paper;
Commercial
Commercial papers.
C8 – amount of coupon interest rate for the eighth
papers.
coupon period, per cent per annum;
T7 – the start date of the eighth coupon period of
Commercial papers;
T8 – the expiration date of the eighth coupon period of
Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
9. Coupon: coupon interest rate for the ninth coupon period (C9) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of
the
ninth of the ninth coupon formula:
coupon is 1 456-th is
1638-th
(one CY = C9* Nom * (T9-T8) / (365 * 100%),
(one thousand four thousand
six where
hundred and fifty hundred and thirty CY – amount of coupon yield on each commercial
sixth) day from the eighth) day from the paper;
start date of the start date of the Nom – outstanding part of the nominal value of one
placement
of placement
of commercial paper;
Commercial
Commercial papers.
C9 – amount of coupon interest rate for the ninth
papers.
coupon period, per cent per annum;
T8 – the start date of the ninth coupon period of
Commercial papers;
T9 – the expiration date of the ninth coupon period of
Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
10. Coupon: coupon interest rate for the tenth coupon period (C10) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of
the
tenth of the tenth coupon formula:
coupon is 1638-th is
1820-th
(one CY = C10* Nom * (T10-T9) / (365 * 100%),
(one thousand six thousand
eight where
hundred and thirty hundred
and CY – amount of coupon yield on each commercial
eighth) day from twentieth) day from paper;
the start date of the the start date of the Nom – outstanding part of the nominal value of one
placement
of placement
of commercial paper;
Commercial
Commercial papers.
C10 – amount of coupon interest rate for the tenth
papers.
coupon period, per cent per annum;
T9 – the start date of the tenth coupon period of
Commercial papers;
T10 – the expiration date of the tenth coupon period of
Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
11. Coupon: coupon interest rate for the eleventh coupon period (C11) is defined in accordance with
the procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus
of securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the eleventh of
the
eleventh formula:
coupon is 1820-th coupon is 2002-d
(one
thousand (two thousand and CY = C11* Nom * (T11-T10) / (365 * 100%),
eight hundred and second) day from the where
twentieth)
day start date of the CY – amount of coupon yield on each commercial
from the start date placement
of paper;
of the placement of Commercial papers.
Nom – outstanding part of the nominal value of one
Commercial
commercial paper;
papers.
C11 – amount of coupon interest rate for the eleventh
coupon period, per cent per annum;
T10 – the start date of the eleventh coupon period of
Commercial papers;
T11 – the expiration date of the eleventh coupon period
of Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
12. Coupon: coupon interest rate for the twelfth coupon period (C12) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of
the
twelfth of the twelfth coupon formula:
coupon is 2002-d is
2184-th
(two
(two thousand and thousand
one CY = C12* Nom * (T12-T11) / (365 * 100%),
second) day from hundred and eighty where
the start date of the fourth) day from the CY – amount of coupon yield on each commercial
placement
of start date of the paper;
Commercial
placement
of Nom – outstanding part of the nominal value of one
papers.
Commercial papers.
commercial paper;
C12 – amount of coupon interest rate for the twelfth
coupon period, per cent per annum;
T11 – the start date of the twelfth coupon period of
Commercial papers;
T12 – the expiration date of the twelfth coupon period
of Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
13. Coupon: coupon interest rate for the thirteenth coupon period (C13) is defined in accordance with
the procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus
of securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the thirteenth of the thirteenth formula:
coupon is 2184-th coupon is 2366-th
(two thousand one (two thousand three CY = C13* Nom * (T13-T12) / (365 * 100%),
hundred
and hundred and sixty where
eighty fourth) day sixth) day from the CY – amount of coupon yield on each commercial
from the start date start date of the paper;
of the placement of placement
of Nom – outstanding part of the nominal value of one
Commercial
Commercial papers.
commercial paper;
papers.
C13 – amount of coupon interest rate for the
thirteenth coupon period, per cent per annum;
T12 – the start date of the thirteenth coupon period of
Commercial papers;
T13 – the expiration date of the thirteenth coupon
period of Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
14. Coupon: coupon interest rate for the fourteenth coupon period (C14) is defined in accordance with
the procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus
of securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the fourteenth of the fourteenth formula:
coupon is 2366-th coupon is 2548-th
(two
thousand (two thousand five CY = C14* Nom * (T14-T13) / (365 * 100%),
three hundred and hundred and forty where
sixty sixth) day eighth) day from the CY – amount of coupon yield on each commercial
from the start date start date of the paper;
of the placement of placement
of Nom – outstanding part of the nominal value of one
Commercial
Commercial papers.
commercial paper;
papers.
C14 – amount of coupon interest rate for the
fourteenth coupon period, per cent per annum;
T13 – the start date of the fourteenth coupon period of
Commercial papers;
T14 – the expiration date of the fourteenth coupon
period of Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
15. Coupon: coupon interest rate for the fifteenth coupon period (C15) is defined in accordance with
the procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus
of securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the fifteenth of
the
fifteenth formula:
coupon is 2548-th coupon is 2730-th
(two thousand five (two thousand seven CY = C15* Nom * (T15-T14) / (365 * 100%),
hundred and forty hundred
and where
eighth) day from thirtieth) day from CY – amount of coupon yield on each commercial
the start date of the the start date of the paper;
placement
of placement
of Nom – outstanding part of the nominal value of one
Commercial
Commercial papers.
commercial paper;
papers.
C15 – amount of coupon interest rate for the fifteenth
coupon period, per cent per annum;
T14 – the start date of the fifteenth coupon period of
Commercial papers;
T15 – the expiration date of the fifteenth coupon period
of Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
16. Coupon: coupon interest rate for the sixteenth coupon period (C16) is defined in accordance with
the procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus
of securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the sixteenth of
the
sixteenth formula:
coupon is 2730-th coupon is 2912-th
(two
thousand (two thousand nine CY = C16* Nom * (T16-T15) / (365 * 100%),
seven hundred and hundred and twelfth) where
thirtieth) day from day from the start CY – amount of coupon yield on each commercial
the start date of the date of the placement paper;
placement
of of
Commercial Nom – outstanding part of the nominal value of one
Commercial
papers.
commercial paper;
papers.
C16 – amount of coupon interest rate for the sixteenth
coupon period, per cent per annum;
T15 – the start date of the sixteenth coupon period of
Commercial papers;
T16 –
the expiration date of the sixteenth coupon
period of Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
17. Coupon: coupon interest rate for the seventeenth coupon period (C17) is defined in accordance
with the procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the
Prospectus of securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the seventeenth of the seventeenth formula:
coupon is 2912-th coupon is 3094-th
(two thousand nine (three thousand and CY = C17* Nom * (T17-T16) / (365 * 100%),
hundred
and ninety fourth) day where
twelfth) day from from the start date of CY – amount of coupon yield on each commercial
the start date of the the placement of paper;
placement
of Commercial papers.
Nom – outstanding part of the nominal value of one
Commercial
commercial paper;
papers.
C17 – amount of coupon interest rate for the
seventeenth coupon period, per cent per annum;
T16 – the start date of the seventeenth coupon period of
Commercial papers;
T17 – the expiration date of the seventeenth coupon
period of Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
18. Coupon: coupon interest rate for the eighteenth coupon period (C18) is defined in accordance with
the procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus
of securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the eighteenth of the eighteenth formula:
coupon is 3094-th coupon
is
3276
(three
thousand (three thousand two CY = C18* Nom * (T18-T17) / (365 * 100%),
and ninety fourth) hundred and seventy where
day from the start sixth) day from the CY – amount of coupon yield on each commercial
date
of
the start date of the paper;
placement
of placement
of Nom – outstanding part of the nominal value of one
Commercial
Commercial papers.
commercial paper;
papers.
C18 – amount of coupon interest rate for the
eighteenth coupon period, per cent per annum;
T17 – the start date of the eighteenth coupon period of
Commercial papers;
T18 – the expiration date of the eighteenth coupon
period of Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
19. Coupon: coupon interest rate for the nineteenth coupon period (C19) is defined in accordance with
the procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus
of securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the nineteenth of the nineteenth formula:
coupon is 3 276 coupon is 3 458-th
(three
thousand (three thousand four CY = C19* Nom * (T19-T18) / (365 * 100%),
two hundred and hundred and fifty where
seventy sixth) day eighth) day from the CY – amount of coupon yield on each commercial
from the start date start date of the paper;
of the placement of placement
of Nom – outstanding part of the nominal value of one
Commercial
Commercial papers.
commercial paper;
papers.
C19 – amount of coupon interest rate for the
nineteenth coupon period, per cent per annum;
T18 – the start date of the nineteenth coupon period of
Commercial papers;
T19 – the expiration date of the nineteenth coupon
period of Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
20. Coupon: coupon interest rate for the twentieth coupon period (C20) is defined in accordance with
the procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus
of securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the twentieth of
the
twentieth formula:
coupon is 3458-th coupon
is
3276
(three
thousand (three thousand two CY = C20 * Nom * (T20-T19) / (365 * 100%),
four hundred and hundred and seventy where
fifty eighth) day sixth) day from the CY – amount of coupon yield on each commercial
from the start date start date of the paper;
of the placement of placement
of Nom – outstanding part of the nominal value of one
Commercial
Commercial papers.
commercial paper;
papers.
C20 – amount of coupon interest rate for the twentieth
coupon period, per cent per annum;
T19 – the start date of the twentieth coupon period of
Commercial papers;
T20 –
the expiration date of the twentieth coupon
period of Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
If the expiration date of any of 20 (twenty) coupon periods on Commercial papers occurs on a
non-work day, holiday or a day-off – independent from the fact, whether it is a national day-off or a
day-off for payment transactions, the amount payable is transferred on the first business day, following
the non-work day, holiday or a day-off . The owner of a commercial paper has no right to require
interest or any other compensation for such a delay in payments.
Possibility and conditions of early repayment of bonds.
The possibility of the repayment of Commercial papers is provided at the Issuer’s discretion or on
demand of owners of commercial papers.
The early repayment of Commercial papers is permitted only after the payment in full of Commercial
papers.
The early repayment on demand of owners of commercial papers.
The owner of Commercial papers has the right to require the repayment of Commercial papers and
payment of accrued coupon yield on Commercial papers, calculated on the due date of early repayment
of Commercial papers, in case of delisting of Commercial papers on all Stock Exchange Markets
fulfilled their admission for organized bidding of securities.
The early repayment at the Issuer’s discretion
A) The possibility of the early repayment of Commercial papers is determined by the sole executive
body of the Issuer before the start date of the placement of Commercial papers. In this case if the
making of the resolution on the possibility of the early repayment of Commercial papers at his
discretion, the Issuer in such a resolution defines a sequence number of a coupon period, on the
expiration date of which the early repayment of Commercial papers at the Issuer’s discretion is
possible. This resolution is made by the sole executive body of the Issuer. In case the resolution on the
possibility of the early repayment of Commercial papers at the Issuer’s discretion was made, the
acquisition of Commercial papers is deemed to be an acceptance of an acquirer of Commercial papers
of the possibility of the early repayment of Commercial papers at the Issuer’s discretion.
B) The issue has the right to make resolution on the partial early repayment of Commercial papers on
the expiration date of the next coupon period(s). In this case the Issuer should define a number/
numbers of the coupon period(s)on the expiration date of which the Issuer fulfils the early repayment
of a due part of the nominal value of Commercial papers (hereinafter – Date(s) of partial early
repayment, and a per cent of the nominal value, due to repayment on the expiration date of the
relevant coupon period.
The resolution on the partial early repayment of Commercial papers at the Issuer’s discretion is
made by the sole executive body of the Issuer.
С) The issue has the right to make resolution on the early repayment of Commercial papers on the
expiration date of k-coupon period (
before the coupon period, an interest rate on which will be
defined after the payment in full of Commercial papers.
The resolution on the early repayment of Commercial papers t at the Issuer’s discretion is made by
the sole executive body of the Issuer and disclose not later than 14(fourteen) days in advance before
the expiration date of k-coupon period (
– the date of the early repayment of Commercial
papers. The early repayment of Commercial papers applies to all Commercial papers. The acquisition
of Commercial papers is deemed to be an acceptance of an acquirer of Commercial papers of the
possibility of the repayment of Commercial papers at the Issuer’s discretion.
Shall be changed as follows:
In case if at the moment of performing of the acts, connected with fulfillment of the Issuer’s
obligations on repayment and / or early repayment, and / or the income payment, including the
definition of interest rates amount on the coupons, and / or a default and / or a technical default on
Commercial papers, conditions, procedure and(or) rules (requirements), and / or time limits, different
from those mentioned in the Securities Issuance Resolution and the Prospectus of securities will be
determined by the Russian Federation Legislation or/and normative acts for financial markets, but
nevertheless, applying to this bond issue, by reference to the date of the identification number
assignment, fulfillment of the Issuer’s obligations on repayment and / or early repayment, and / or the
income payment, including the definition of interest rates amount on the coupons on Commercial
papers, legal relations owing to a default and / or technical default on Commercial papers, the
abovementioned acts will be implemented in accordance with requirements of the Russian federation
legislation or/and normative acts for financial markets, effective at the moment of their
implementation.
Form of repayment of Commercial papers:
The repayment of Commercial papers is made by monetary funds in non-cash form in the currency of
the Russian Federation.
The possibility of choosing by owners of Commercial papers the form of Commercial papers repayment
is not provided.
The procedure and conditions of bonds repayment, including maturity
The start date:
3640-th (three thousand six hundred and fortieth) day from the start date of the placement of
Commercial papers.
The expiration date:
The start date and the expiration date of Commercial papers coincide.
The repayment of Commercial papers is made by reference to the outstanding part of the nominal value.
Outstanding part of the nominal value is defined as difference between the nominal values of one
commercial paper and its part, repaid in a partial early repayment of Commercial papers (in case if the
resolution on partial early repayment of Commercial papers was made by the Issuer in accordance with
item 9.5 of the Securities Issuance Resolution and 9.1.2 of the Prospectus of securities).
While the repayment of Commercial papers, coupon yield for the last coupon period is paid as well.
The procedure of income determination, paid on each bond.
Income on Commercial papers is an amount of coupon yields, accrued for each coupon period.
Commercial papers have twenty coupon periods. The duration of each of coupon periods determined is
equal to 182 (one hundred and eighty two) days.
The determination procedure of yield amount, paid on each coupon:
1. Coupon: Coupon interest rate for the first coupon period (C1) can be determined:
C) According to the results of holding of the Tender on the Stock Exchange Market among potential
acquirers of Commercial papers on the start date of the placement of Commercial papers.
On the day of Tender holding, participants in a bidding process file counter targeted applications for
participation in the Tender, using the Exchange Bidding System as at their own expense and at the
expense of clients. Time and procedure of filling of applications for participation in the Tender is
determined by the Stock Exchange Market by agreement with the Issuer and /or the Underwriter.
Applications for the acquisition of Commercial papers are sent by participants in a bidding process to
the address of the Underwriter.
Applications for the acquisition of Commercial papers are sent by participants in a bidding process to
the address of the Underwriter.
Applications for the acquisition of Commercial papers should contain the following significant
conditions:
- the price of the acquisition (100% of a nominal value);
- number of Commercial papers;
- amount of coupon interest rate for the first coupon period;
- code of calculation , used while concluding transactions with securities, due to be included into
he clearing pool of a clearing organization under the conditions of multilateral or simple clearing, and
determining, that the procedure of control assurance is carried out while concluding of the
transaction, and the due conclusion date of the conclusion of a transaction with securities is the
transaction date;
- other parameters in accordance with the Exchange Bidding Rules.
As the price of the acquisition the Price of the placement of Commercial papers should be indicated,
determined by the Securities Issuance Resolution and the Prospectus of securities of securities.
As a number of Commercial papers, the number which a potential acquirer would like to acquire,
should be indicated, in case if the sole executive body of the Issuer defines coupon interest rate for the
first coupon period, which is more or equal to the amount of coupon interest rate for the first coupon
period, defined in an application.
As an amount of coupon interest rate for the first coupon period the amount (numerically with the
accuracy of two decimal places) of coupon interest rate for the first coupon period, should be indicated,
while announcing of which by the Issuer, a potential acquirer would be ready to buy the number of
Commercial papers, defined in an application, at the price of 100% of the nominal value.
The amount of coupon interest rate should be signified in per cent per annum with the accuracy of
basis point.
In this case monetary funds should be reserved in a sum, sufficient to pay for Commercial papers,
defined in applications for acquisition of Commercial papers, with regard to all necessary commission
fees.
Applications, failing to meet the above mentioned requirements, are not allowed to participate in the
Tender.
After the expiration of period of applications for participation in the Tender, the Stock Exchange
Market forms Summery Register of Applications and transfers it to the Underwriter.
Summery Register of Applications contains all significant conditions of each application - the price of
the acquisition, number of Commercial papers, date and time of bid filing, number of a bid, amount of
acceptable coupon interest rate for the first coupon period, and other details in accordance with the
Exchange Rules.
By virtue of analysis of applications for participation in the Tender, the sole executive body of the
Issuer makes a resolution on the amount of coupon interest rate for the first coupon period and
reports about the resolution made in written form not later than 30 minutes before its sending to the
information agency. After the publication of the information by the information agency the amount
of coupon interest rate for the first coupon period, the Issuer informs the Underwriter about the
amount of coupon interest rate for the first coupon period. The information on coupon interest rate for
the first coupon period is disclosed according to the procedure, provided by item 11 of the Securities
Issuance Resolution and item 2.9. of the Prospectus of securities.
D) The sole executive body of the Issuer not later than 1(one) day in advance before the start date of the
placement of Commercial papers.
The information on coupon interest rate for the first coupon period is disclosed, according to the
procedure, provided by item 11 of Securities Issuance Resolution and item 2.9. of the Prospectus of
securities of securities.
The Issuer informs the Stock Exchange Market on the resolution made, concerning coupon interest rate
for the first coupon period.
In both abovementioned cases:
The start date of The expiration date
the coupon period of the coupon period
of the first coupon of the first coupon is
is the start date of 182-d (one hundred
the placement of and eighty second)
Commercial
day from the start
papers.
date of the placement
of
Commercial
papers.
The calculation of the amount of payments for the first
coupon per one commercial paper is made by the
formula:
CY (Coupon Yield)= C1* Nom * (T1-T0) / (365*100%),
where
CY – amount of coupon yield on each commercial
paper;
Nom – outstanding part of the nominal value of one
commercial paper;
C1 – amount of coupon interest rate for the first
coupon period, per cent per annum;
T0 – the start date of the first coupon period of
Commercial papers;
T1– the expiration date of the first coupon period of
Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
2. Coupon: coupon interest rate for the second coupon period (C2) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of
the
second of the second coupon formula:
coupon is 182-d is
364-th
(three CY = C2* Nom * (T2-T1) / (365 * 100%),
(one hundred and hundred and sixty where
eighty second) day fourth) day from the CY – amount of coupon yield on each commercial
from the start date start date of the paper;
of the placement of placement
of Nom – outstanding part of the nominal value of one
Commercial
Commercial papers.
commercial paper;
papers.
C2 – amount of coupon interest rate for the second
coupon period, per cent per annum;
T1 – the start date of the second coupon period of
Commercial papers;
T2– the expiration date of the second coupon period of
Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
3. Coupon: coupon interest rate for the third coupon period (C3) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the third coupon of the third coupon is formula:
is 364-th (three 546-th (five hundred CY = C3* Nom * (T3-T2) / (365 * 100%),
hundred and sixty and forty sixth) day where
fourth) day from from the start date of CY – amount of coupon yield on each commercial
the start date of the the placement of paper;
placement
of Commercial papers.
Nom – outstanding part of the nominal value of one
Commercial
commercial paper;
papers.
C3 – amount of coupon interest rate for the third
coupon period, per cent per annum;
T2 – the start date of the third coupon period of
Commercial papers;
T3 – the expiration date of the third coupon period of
Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
4. Coupon: coupon interest rate for the fourth coupon period (C4) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of
the
fourth of the fourth coupon formula:
coupon is 546-th is 728-th (seven CY = C4* Nom * (T4-T3) / (365 * 100%),
(five hundred and hundred and twenty where
forty sixth) day eighth) day from the CY – amount of coupon yield on each commercial
from the start date start date of the paper;
of the placement of placement
of Nom – outstanding part of the nominal value of one
Commercial
Commercial papers.
commercial paper;
papers.
C4 – amount of coupon interest rate for the fourth
coupon period, per cent per annum;
T3 – the start date of the fourth coupon period of
Commercial papers;
T4 – the expiration date of the fourth coupon period of
Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
5. Coupon: coupon interest rate for the fifth coupon period (C5) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the fifth coupon of the fifth coupon is formula:
is 728-th (seven 910-th (nine hundred CY = C5* Nom * (T5-T4) / (365 * 100%),
hundred
and and tenth) day from where
twenty eighth) day the start date of the CY – amount of coupon yield on each commercial
from the start date placement
of paper;
of the placement of Commercial papers.
Nom – outstanding part of the nominal value of one
Commercial
commercial paper;
papers.
C5 – amount of coupon interest rate for the fifth
coupon period, per cent per annum;
T4 – the start date of the fifth coupon period of
Commercial papers;
T5 – the expiration date of the fifth coupon period of
Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
6. Coupon: coupon interest rate for the sixth coupon period (C6) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the sixth coupon of the sixth coupon is formula:
is 910-th (nine 1029-th
(one CY = C6* Nom * (T6-T5) / (365 * 100%),
hundred and tenth) thousand and twenty where
day from the start ninth) day from the CY – amount of coupon yield on each commercial
date
of
the start date of the paper;
placement
of placement
of Nom – outstanding part of the nominal value of one
Commercial
Commercial papers.
commercial paper;
papers.
C6 – amount of coupon interest rate for the sixth
coupon period, per cent per annum;
T5 – the start date of the sixth coupon period of
Commercial papers;
T6 – the expiration date of the sixth coupon period of
Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
7. Coupon: coupon interest rate for the seventh coupon period (C7) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the seventh of
the
seventh formula:
coupon is 1029-th coupon is 1274-th CY = C7* Nom * (T7-T6) / (365 * 100%),
(one thousand and (one thousand two where
twenty ninth) day hundred and seventy CY – amount of coupon yield on each commercial
from the start date fourth) day from the paper;
of the placement of start date of the Nom – outstanding part of the nominal value of one
Commercial
placement
of commercial paper;
papers.
Commercial papers.
C7 – amount of coupon interest rate for the seventh
coupon period, per cent per annum;
T6 – the start date of the seventh coupon period of
Commercial papers;
T7 – the expiration date of the seventh coupon period
of Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
8. Coupon: coupon interest rate for the eighth coupon period (C8) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of
the
eighth of the eighth coupon formula:
coupon is 1274-th is
1456-th
(one CY = C8* Nom * (T8-T7) / (365 * 100%),
(one thousand two thousand
four where
hundred
and hundred and fifty CY – amount of coupon yield on each commercial
seventy fourth) day sixth) day from the paper;
from the start date start date of the Nom – outstanding part of the nominal value of one
of the placement of placement
of commercial paper;
Commercial
Commercial papers.
C8 – amount of coupon interest rate for the eighth
papers.
coupon period, per cent per annum;
T7 – the start date of the eighth coupon period of
Commercial papers;
T8 – the expiration date of the eighth coupon period of
Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
9. Coupon: coupon interest rate for the ninth coupon period (C9) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of
the
ninth of the ninth coupon formula:
coupon is 1 456-th is
1638-th
(one CY = C9* Nom * (T9-T8) / (365 * 100%),
(one thousand four thousand
six where
hundred and fifty hundred and thirty CY – amount of coupon yield on each commercial
sixth) day from the eighth) day from the paper;
start date of the start date of the Nom – outstanding part of the nominal value of one
placement
of placement
of commercial paper;
Commercial
Commercial papers.
C9 – amount of coupon interest rate for the ninth
papers.
coupon period, per cent per annum;
T8 – the start date of the ninth coupon period of
Commercial papers;
T9 – the expiration date of the ninth coupon period of
Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
10. Coupon: coupon interest rate for the tenth coupon period (C10) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of
the
tenth of the tenth coupon formula:
coupon is 1638-th is
1820-th
(one CY = C10* Nom * (T10-T9) / (365 * 100%),
(one thousand six thousand
eight where
hundred and thirty hundred
and CY – amount of coupon yield on each commercial
eighth) day from twentieth) day from paper;
the start date of the the start date of the Nom – outstanding part of the nominal value of one
placement
of placement
of commercial paper;
Commercial
Commercial papers.
C10 – amount of coupon interest rate for the tenth
papers.
coupon period, per cent per annum;
T9 – the start date of the tenth coupon period of
Commercial papers;
T10 – the expiration date of the tenth coupon period of
Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
171 11. Coupon: coupon interest rate for the eleventh coupon period (C11) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the eleventh of
the
eleventh formula:
coupon is 1820-th coupon is 2002-d
(one
thousand (two thousand and CY = C11* Nom * (T11-T10) / (365 * 100%),
eight hundred and second) day from the where
twentieth)
day start date of the CY – amount of coupon yield on each commercial
from the start date placement
of paper;
of the placement of Commercial papers.
Nom – outstanding part of the nominal value of one
Commercial
commercial paper;
papers.
C11 – amount of coupon interest rate for the eleventh
coupon period, per cent per annum;
T10 – the start date of the eleventh coupon period of
Commercial papers;
T11 – the expiration date of the eleventh coupon period
of Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
12. Coupon: coupon interest rate for the twelfth coupon period (C12) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of
the
twelfth of the twelfth coupon formula:
coupon is 2002-d is
2184-th
(two
(two thousand and thousand
one CY = C12* Nom * (T12-T11) / (365 * 100%),
second) day from hundred and eighty where
the start date of the fourth) day from the CY – amount of coupon yield on each commercial
placement
of start date of the paper;
Commercial
placement
of Nom – outstanding part of the nominal value of one
papers.
Commercial papers.
commercial paper;
C12 – amount of coupon interest rate for the twelfth
coupon period, per cent per annum;
T11 – the start date of the twelfth coupon period of
Commercial papers;
T12 – the expiration date of the twelfth coupon period
of Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
172 13. Coupon: coupon interest rate for the thirteenth coupon period (C13) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the thirteenth of the thirteenth formula:
coupon is 2184-th coupon is 2366-th
(two thousand one (two thousand three CY = C13* Nom * (T13-T12) / (365 * 100%),
hundred
and hundred and sixty where
eighty fourth) day sixth) day from the CY – amount of coupon yield on each commercial
from the start date start date of the paper;
of the placement of placement
of Nom – outstanding part of the nominal value of one
Commercial
Commercial papers.
commercial paper;
papers.
C13 – amount of coupon interest rate for the
thirteenth coupon period, per cent per annum;
T12 – the start date of the thirteenth coupon period of
Commercial papers;
T13 – the expiration date of the thirteenth coupon
period of Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
14. Coupon: coupon interest rate for the fourteenth coupon period (C14) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the fourteenth of the fourteenth formula:
coupon is 2366-th coupon is 2548-th
(two
thousand (two thousand five CY = C14* Nom * (T14-T13) / (365 * 100%),
three hundred and hundred and forty where
sixty sixth) day eighth) day from the CY – amount of coupon yield on each commercial
from the start date start date of the paper;
of the placement of placement
of Nom – outstanding part of the nominal value of one
Commercial
Commercial papers.
commercial paper;
papers.
C14 – amount of coupon interest rate for the
fourteenth coupon period, per cent per annum;
T13 – the start date of the fourteenth coupon period of
Commercial papers;
T14 – the expiration date of the fourteenth coupon
period of Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
173 15. Coupon: coupon interest rate for the fifteenth coupon period (C15) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the fifteenth of
the
fifteenth formula:
coupon is 2548-th coupon is 2730-th
(two thousand five (two thousand seven CY = C15* Nom * (T15-T14) / (365 * 100%),
hundred and forty hundred
and where
eighth) day from thirtieth) day from CY – amount of coupon yield on each commercial
the start date of the the start date of the paper;
placement
of placement
of Nom – outstanding part of the nominal value of one
Commercial
Commercial papers.
commercial paper;
papers.
C15 – amount of coupon interest rate for the fifteenth
coupon period, per cent per annum;
T14 – the start date of the fifteenth coupon period of
Commercial papers;
T15 – the expiration date of the fifteenth coupon period
of Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
16. Coupon: coupon interest rate for the sixteenth coupon period (C16) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the sixteenth of
the
sixteenth formula:
coupon is 2730-th coupon is 2912-th
(two
thousand (two thousand nine CY = C16* Nom * (T16-T15) / (365 * 100%),
seven hundred and hundred and twelfth) where
thirtieth) day from day from the start CY – amount of coupon yield on each commercial
the start date of the date of the placement paper;
placement
of of
Commercial Nom – outstanding part of the nominal value of one
Commercial
papers.
commercial paper;
papers.
C16 – amount of coupon interest rate for the sixteenth
coupon period, per cent per annum;
T15 – the start date of the sixteenth coupon period of
Commercial papers;
T16 –
the expiration date of the sixteenth coupon
period of Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
174 17. Coupon: coupon interest rate for the seventeenth coupon period (C17) is defined in accordance with
the procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the seventeenth of the seventeenth formula:
coupon is 2912-th coupon is 3094-th
(two thousand nine (three thousand and CY = C17* Nom * (T17-T16) / (365 * 100%),
hundred
and ninety fourth) day where
twelfth) day from from the start date of CY – amount of coupon yield on each commercial
the start date of the the placement of paper;
placement
of Commercial papers.
Nom – outstanding part of the nominal value of one
Commercial
commercial paper;
papers.
C17 – amount of coupon interest rate for the
seventeenth coupon period, per cent per annum;
T16 – the start date of the seventeenth coupon period of
Commercial papers;
T17 – the expiration date of the seventeenth coupon
period of Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
18. Coupon: coupon interest rate for the eighteenth coupon period (C18) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the eighteenth of the eighteenth formula:
coupon is 3094-th coupon
is
3276
(three
thousand (three thousand two CY = C18* Nom * (T18-T17) / (365 * 100%),
and ninety fourth) hundred and seventy where
day from the start sixth) day from the CY – amount of coupon yield on each commercial
date
of
the start date of the paper;
placement
of placement
of Nom – outstanding part of the nominal value of one
Commercial
Commercial papers.
commercial paper;
papers.
C18 – amount of coupon interest rate for the
eighteenth coupon period, per cent per annum;
T17 – the start date of the eighteenth coupon period of
Commercial papers;
T18 – the expiration date of the eighteenth coupon
period of Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
175 19. Coupon: coupon interest rate for the nineteenth coupon period (C19) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the nineteenth of the nineteenth formula:
coupon is 3 276 coupon is 3 458-th
(three
thousand (three thousand four CY = C19* Nom * (T19-T18) / (365 * 100%),
two hundred and hundred and fifty where
seventy sixth) day eighth) day from the CY – amount of coupon yield on each commercial
from the start date start date of the paper;
of the placement of placement
of Nom – outstanding part of the nominal value of one
Commercial
Commercial papers.
commercial paper;
papers.
C19 – amount of coupon interest rate for the
nineteenth coupon period, per cent per annum;
T18 – the start date of the nineteenth coupon period of
Commercial papers;
T19 – the expiration date of the nineteenth coupon
period of Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
20. Coupon: coupon interest rate for the twentieth coupon period (C20) is defined in accordance with the
procedure, stated in item 9.3.1 of Securities Issuance Resolution and item 9. 1. 2 of the Prospectus of
securities of securities.
The start date of The expiration date The calculation of the amount of payments for the first
the coupon period of the coupon period coupon per one commercial paper is made by the
of the twentieth of
the
twentieth formula:
coupon is 3458-th coupon
is
3276
(three
thousand (three thousand two CY = C20 * Nom * (T20-T19) / (365 * 100%),
four hundred and hundred and seventy where
fifty eighth) day sixth) day from the CY – amount of coupon yield on each commercial
from the start date start date of the paper;
of the placement of placement
of Nom – outstanding part of the nominal value of one
Commercial
Commercial papers.
commercial paper;
papers.
C20 – amount of coupon interest rate for the twentieth
coupon period, per cent per annum;
T19 – the start date of the twentieth coupon period of
Commercial papers;
T20 –
the expiration date of the twentieth coupon
period of Commercial papers;
Amount of coupon yield per one commercial paper is
calculated with the accuracy of one kopeck (rounding is
made, according to the rules of mathematical rounding,
that is: in case if the third decimal place is greater than
or equal to 5, the second decimal place is increased by
one, in case if the third decimal place is less than 5, the
second decimal place is not changed).
176 If the expiration date of any of 20 (twenty) coupon periods on Commercial papers occurs on a
non-work day, holiday or a day-off – independent from the fact, whether it is a national day-off or a day-off
for payment transactions, the amount payable is transferred on the first business day, following the nonwork day, holiday or a day-off . The owner of a commercial paper has no right to require interest
calculation or any other compensation for such a delay in payments.
Possibility and conditions of early repayment of bonds.
The possibility of the repayment of Commercial papers at the Issuer’s discretion or on demand of owners
of commercial papers is provided.
The early repayment on demand of owners of commercial papers.
A) An owner of Commercial papers has the right to require the repayment of Commercial papers and
payment of accrued coupon yield on Commercial papers, calculated on the date of performance of the
obligations on early repayment of Commercial papers, in case of delisting of Commercial papers on all
Stock Exchange Markets fulfilled their admission for organized bidding of securities.
B) The owner of Commercial papers has the right to require the repayment of Commercial papers and
payment of accrued coupon yield on Commercial papers, calculated on the date of performance of the
obligations on early repayment of Commercial papers, in case of fundamental breach of conditions of the
performance of the obligations.
C) The owner of Commercial papers has the right to require the repayment of Commercial papers and
payment of accrued coupon yield on Commercial papers, calculated on the date of performance of the
obligations on early repayment of Commercial papers, in other cases, provided by the Federal Law.
Fundamental breach of conditions of the performance of the obligations on Commercial papers are
deemed to be:
1) a delay in the performance of the obligations on the payment of the next interest yield on bonds for a
period of more than 10 business days, if the lesser period is not provided by the conditions of the bond
issue;
2) a delay in the performance of the obligations on the payment of a part of the nominal value of bonds
for a period of more than 10 business days, if the lesser period is not provided by the conditions of the
bond issue, in case if the payment of the nominal value of bonds is fulfilled by installments;
177 3) a delay in the performance of the obligations on the acquisition of bonds for a period of more than 10
business days, if the lesser period is not provided by the conditions of the bond issue, in case if the Issuer’s
obligation on the acquisition of bonds is stipulated by the conditions of their issue.
The early repayment at the Issuer’s discretion
C) The possibility of the repayment of Commercial papers is determined by the sole executive body of the
Issuer before the start date of the placement of Commercial papers. In this case if the made a resolution on
the possibility of the repayment of Commercial papers at his discretion, the Issuer in such a resolution
defines a sequence number of a coupon period, on the expiration date of which the repayment of
Commercial papers at the Issuer’s discretion is possible. This resolution is made by the sole executive
body of the Issuer. In case of the resolution on the possibility of the repayment of Commercial papers at the
Issuer’s discretion was made, the acquisition of Commercial papers is deemed to be an acceptance of the
possibility of the repayment of Commercial papers at the Issuer’s discretion by an acquirer of Commercial
papers.
D) The issue has the right to make resolution on the partial early repayment of Commercial papers on the
expiration date of the next coupon period(s). In this case the Issuer should define a number/ numbers of
the coupon period(s) on the expiration date of which the Issuer fulfils the early repayment of a due part of
the nominal value of Commercial papers (hereinafter – Date(s) of partial early repayment, and a per cent
of the nominal value, due to repayment on the expiration date of the relevant coupon period.
The resolution on the partial early repayment of Commercial papers at the Issuer’s discretion is made by
the sole executive body of the Issuer.
С) The issue has the right to make resolution on the repayment of Commercial papers on the expiration
date of k-coupon period (
before the coupon period, an interest rate on which will be defined after
the payment in full of Commercial papers.
The resolution on the repayment of Commercial papers at the Issuer’s discretion is made by the sole
executive body of the Issuer and disclose not later than 14(fourteen) days in advance before the expiration
date of k-coupon period (
– the date of the early repayment Commercial papers. The repayment of
Commercial papers applies to all Commercial papers. The acquisition of Commercial papers is deemed to
be an acceptance of the possibility of the repayment of Commercial papers at the Issuer’s discretion by an
acquirer of Commercial papers.
Insert into Section 10. “Information on the acquisition of bonds” the additional text to read as follows:
“In case if at the moment of performing of the acts, connected with the acquisition of Commercial papers,
conditions, procedure and(or) rules (requirements), different from those mentioned in the Securities
Issuance Resolution and the Prospectus of securities is determined by the Russian Federation Legislation,
but nevertheless, applying to this bond issue by reference to the date of the assignment of the identification
number, the acquisition of Commercial papers will be implemented in accordance with requirements of the
Russian Federation legislation, effective at the moment of their implementation.
The Issuer has the right to redeem Commercial papers, acquired by him in advance. Commercial papers,
acquired by the Issuer and redeemed in advance, can’t be put into circulation again. Regulations of the
Securities Issuance Resolution and the Prospectus on the early repayment of Commercial papers at the
Issuer’s discretion don’t appeal to the early repayment of Commercial papers, acquired by the Issuer.”
To change item 10.1.” The acquisition of Commercial papers by the Issuer on demand of their owner /
owners” of Section 10. “Information on the acquisition of Commercial papers”:
In the old edition
The Issuer is obliged to secure the owners’ right to demand from the Issuer to acquire Commercial papers
during last 5 (five) calendar days of the coupon period, prior the coupon period, in which interest rate on
the coupons or the procedure of the determination of interest rate amount on the coupons is defined by
the Issuer after the payment in full of Commercial papers (hereinafter – “Presentation period of
178 Commercial papers for The Issuer’s acquisition”). The owner of Commercial papers has the right to
demand from the Issuer to acquire Commercial papers in cases, described in item 9.3.1. of the Securities
Issuance Resolution and item 9.1.2 of the Prospectus of securities.
If interest rate amount on the coupons or the procedure of the determination of interest rate amount on
the coupon is defined by the sole executive body of the Issuer after the payment in full, simultaneously on
several coupon periods, the Issuer is obliged to acquire Commercial papers on demand of their owners,
stated during last 5 (five) calendar days of the coupon period, prior the coupon period, in which the abovenoted interest rate amount on the coupons or the procedure of the determination of interest rate amount
on the coupons is defined by the Issuer simultaneously with other coupon periods, and which comes due
earlier. The acquisition of Commercial papers before the other coupon periods, in which such interest rate
amount on the coupons or the procedure of the determination of interest rate amount on the coupons on
Commercial papers is defined, is not required in this case.
Shall be changed as follows:
The Issuer is obliged to secure the owners’ right to demand from the Issuer to acquire Commercial papers
during last 5 (five) business days of the coupon period, prior the coupon period, in which interest rate on
the coupons or the procedure of the determination of interest rate amount on the coupons is defined by the
Issuer after the payment in full of Commercial papers (hereinafter – “Presentation period of Commercial
papers for The Issuer’s acquisition”). The owner of Commercial papers has the right to demand from the
Issuer to acquire Commercial papers in cases, described in item 9.3.1. of the Securities Issuance Resolution
and item 9.1.2 of the Prospectus of securities.
If interest rate amount on the coupons or the procedure of the determination of interest rate amount on
the coupon is defined by the sole executive body of the Issuer after the payment in full, simultaneously on
several coupon periods, the Issuer is obliged to acquire Commercial papers on demand of their owners,
stated during last 5 (five) business days of the coupon period, prior the coupon period, in which the abovenoted interest rate amount on the coupons or the procedure of the determination of interest rate amount
on the coupons is defined by the Issuer simultaneously with other coupon periods, and which comes due
earlier. The acquisition of Commercial papers before the other coupon periods, in which such interest rate
amount on the coupons or the procedure of the determination of interest rate amount on the coupons on
Commercial papers is defined, is not required in this case.
To change item 10.1.” The acquisition of Commercial papers by the Issuer on demand of their owner /
owners” of Section 10. “Information on the acquisition of Commercial papers”:
In the old edition
In accordance with Securities Issuance Resolution and the Prospectus of securities, the possibility of the
acquisition of Commercial papers by the Issuer under an agreement with their owner/owners with their
further putting into circulation is provided. The Issuer has the right to acquire Commercial papers by
means of concluding of agreements on the acquisition of Commercial papers in accordance with the
Russian Federation legislation, and by virtue of the Issuer’s public irrevocable offers included, and
published in the Newswire. Resolution on the acquisition of Commercial papers, including public
irrevocable offers, is made by the sole executive body of the Issuer. While making of the above-noted
resolution by the sole executive body of the Issuer, conditions, procedures and terms of the acquisition of
Commercial papers should be determined, and they will be published in the Newswire and posted on the
page on the network Internet not later than 7(seven) days before the start of the term of the offer
acceptance on the acquisition of Commercial papers. In this case the term of the acquisition of Commercial
papers can’t fall due before the payment in full of Commercial papers.
Shall be changed as follows:
In accordance with Securities Issuance Resolution and the Prospectus of securities, the possibility of the
acquisition of Commercial papers by the Issuer under an agreement with their owner/owners with their
further putting into circulation is provided. The Issuer has the right to acquire Commercial papers by
means of concluding of agreements on the acquisition of Commercial papers in accordance with the
179 Russian Federation legislation, and by virtue of the Issuer’s public irrevocable offers included, and
published in the Newswire. Resolution on the acquisition of Commercial papers, including public
irrevocable offers, is made by the sole executive body of the Issuer. While making of the above-noted
resolution by the sole executive body of the Issuer, conditions, procedures and terms of the acquisition of
Commercial papers should be determined, and they will be published in the Newswire and posted on the
page on the network Internet not later than 7(seven working) days before the start of the term of the offer
acceptance on the acquisition of Commercial papers. In this case the term of the acquisition of Commercial
papers can’t fall due before the payment in full of Commercial papers.
180