Press Release of the Ministry of Finance of the Russian Federation on FTO Third Tranche Exchange Offer
Moscow, 25 June 2009 – The Ministry of Finance of the Russian Federation announced today that it is working towards launching a third and final offer to exchange all fully reconciled FTO claims for Russian Federation Eurobonds and cash. It is anticipated that exchange offer will be launched in the fourth quarter of this year, will close before year-end and will be made on terms substantially similar to those offered to other holders of reconciled claims in prior FTO exchanged offers.
The Ministry of Finance has previously established 15 October 2008 as the final deadline for submitting FTO claims for reconciliation. The Ministry of Finance intends to complete the reconciliation of all FTO claims submitted on or before that date in time to enable those claims that are fully reconciled to be tendered in the FTO exchange offer.