20 February 2008
The Board of Directors of Bank Vozrozhdenie held a regular meeting on February 19, 2008.
The Board of Directors decided to change the initial date of placement, previously determined as February 21, of interest-bearing non-convertible secured documentary bonds of series 02 payable to bearer with obligatory centralized keeping without option of early redemption and with maturity of 1097 days from the initial day of issue. The issue of bonds to be placed through open subscription was postponed to a future date.
The change of initial date of bond placement is due to current market uncertainties proved to be too great to raise sufficient interest at an appropriate price. The initial date of bond placement shall be newly determined with improved market conditions and brought to notice to potential buyers.