Internal War Loans Belligerent Countries

Russian Government
Second Internal Loan of 1915
Dated—May 14, 1915.
(Third War Loan)
Due—Holders may present their bonds at the State Bank or
its branches on December 14, 1920, for payment at par the
following May 14, 1921. Bonds not so presented will mature
not later than May 14, 1996.
Period of Subscription—Nov. 18, 1915, to Dec. 3, 1915.
Interest Rate—5>4% until May 14, 1921 and 5% thereafter.
Right of Redemption—Bonds outstanding July, 1921, are
redeemable at par by annual drawings beginning on that
date for payment the following November 14, 1921. Of
the nominal outstanding amount 0.132161% is redeemable
the first drawing, to be increased annually by 5% of the
nominal amount of the bonds drawn. Drawings may not
be increased nor can the bonds be converted or entirely
redeemed before May 14, 1927.
Interest Dates—May 14 and November 14.
Issue Price—99.
Form and Denomination—Coupon or registered bonds in
denominations of 100, 500, 1,000, 5,000 and 10,000 rubles.
Method of Subscription—Subscriptions were received by the
State Bank, its branches and offices, treasuries and most
other banks and branches.
Method of Payment—5% of the issue price in either cash or
securities at prices given at the places of subscription was
deposited as a pledge at the time of subscription. 25%
payable upon allotment not later than June 2, 1915, 25%
July 28, 1915, 25% August 28, 1915, and 24% September
28, 1915. Final payment included interest from May 14,
1915. Payment could be made in full on or after June 2,
1915. Subscriptions for 1,000 rubles or less and at the
treasuries for 500 rubles or less were payable in full June
2, 1915.
Fiscal Service—Principal of bonds presented on December
14, 1920, for payment the following May 14, 1921, is payable
at the State Bank or its branches where so presented.
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