Buy not on optimism, but on arithmetic. - Benjamin Graham.

Bonds

The bond is a debt security, under which the bond holder is entitled to receive a par value of the bond from the bond issuer within the terms established in the bond, which is repaid by redeeming the bond at the maturity date, and paying annual interest of the rate and payment procedure that are described in the bond prospectus or information document of the bonds.

In the nearest future, we will offer an opportunity for the market to invest into our developed projects by acquiring CRB bonds. Issue term, fixed interest rate and payment periodicity of bonds in each case will depend on a specific project. All bonds issued by CRB will be secured by the first- and second-lien mortgaged (average LTV is 60%). Bonds distribution purposes: - Diversifying financing sources; - Freeing a part of the equity for reinvestment into new projects; - Offering an alternative investment instrument to small investors, which would generate fixed return on interest.