as of 1March2018
Eligible investments of National Wealth Fund’s assets allocated to deposits / purpose ofallocation / Maximum overall amount of allocation / Actual amount
of allocation / Maximum period of deposit / Annualinterest rate / Interest payment frequency
Subordinated loans to Russian banks / 410.00 bln. rubles[1] / 50.45bln. rubles / Quarterly
including
21.27bln. rubles / 31 December2022 / 6.25
29.18bln. rubles / 31 December2023 / 7.25
Not regulated / 175.00 bln. rubles[2] / 50.00 bln. rubles3 / 8 June 2020 / 6.25 / Semiannually
15.98bln. rubles / 24 December 2020 / 7.19 / Quarterly
Loans to small and middle enterprises / 30.00 bln. rubles2 / 30.00 bln. rubles / 31 December2027 / 6.25 / Quarterly
Loans toJoint-stock company “The Agency for Housing Mortgage Lending” / 40.00bln. rubles4 / 40.00 bln. rubles / 1 June 2020 / 6.25 / Quarterly
Vnesheconombank’scapital increase / 5.966bln. US dollars(7% of overall volume of National Wealth Fundas of 6September 2014)5 / (2.462 bln. US dollars)
138.83 bln. rubles6 / 26 September 2034 / LIBOR7+ 2.758,0.259, 2.8610 / Annually11
(3.504 bln. US dollars)
197.58bln. rubles6 / 26 September 2034 / LIBOR7+ 3.008,0.259, 2.8610 / Annually11
Not regulated / Х / (0.288 bln. US dollars)
16.24 bln. rubles6 / 26September 2034 / LIBOR7 + 3.808,0.259, 2.8610 / Annually11
Financing of Vnesheconombank’s
projects, implemented byorganizations of real economy / 300.00 bln. rubles2 / 24.70bln. rubles12 / 30 December 2030 / 6.00 / Annually
2.87bln. rubles13 / 29 December 2019
365.83mln. rubles14 / 20 December 2028
8.11bln.rubles15 / 30 December 2035 / CPI + 1,
but not less than 1 / Monthly
Total / 955.00bln. rubles / 575.12bln. rubles / Х / Х / Х
[1] Federal law No.173-FZ dated 13 October 2008 “Additional measures to support financial system of the Russian Federation”, article 4.Maximum periods of deposits may be extended by decision of the Government of the Russian Federation from 31 December 2019 till 31 December 2022 and from 31 December 2020 till 31 December 2023.
[2] Requirements to the financial assets, National Wealth Fund’s assets could be invested in, approved by the Regulation of the Government of Russian Federation No.18 dated 19January 2008, clause 12, subclause ”b”.
3 Placement on deposit to finance Vnesheconombank‘s investment in “Gazprombank” (Joint-stock Company) equity stake.
4 Federal law No.173-FZ dated 13 October 2008 “Additional measures to support financial system of the Russian Federation”, article 6.2. In case of early repayment may be allocated to deposit in the same amount maturing before 1 June 2048.
5 Budget Code of the Russian Federation, article 96.10, clause 4; Requirements to the financial assets, National Wealth Fund’s assets could be invested in, approved by the Regulation of the Government of Russian Federation No.18 dated 19January 2008, clause 12, subclause ”c1”; Decree of the Government of Russian Federation No.1749-p dated 6September 2014, clause 1.
6From 17 January 2018 due to the change of the currency of the deposit from US dollars to rubles.
7Six month US dollar LIBOR rate.
8 From 26 September 2014 till 30 December 2015.
9 From 30 December 2015 till 17 January 2018.
10From 18 January 2018 till day of deposit repayment.
11Over the period from 26 September 2015 till 30 December 2015 and over the grace period from 30 December 2015 till 26 September 2018 interest is accrued, not capitalized and paid in the last day of the grace period - 26 September 2018.
12For the purpose of financing the project “Acquisition and leasing of subway cars to the Moscow Metro” (LCC-1).
13For the purpose of financing the project “Modernization of subway cars in Budapest (Hungary)”.
14For the purpose of financing the project “Construction of new airport complex“Centralny” (city of Saratov)”.
15For the purpose of financing the project “Acquisition and leasing of subway cars to the Moscow Metro” (LCC-2).