Mirland Development Corporation, a developer of residential and commercial property in Russia, has filed a draft prospectus with the Israeli Securities Authority as a preliminary step towards a possible bond issuance. The company indicated in a short statement that the details of the possible issuance had not yet been worked out, and that it was 'no certainty that the issuance will take place'.

Mirland Development Corporation, a developer of residential and commercial property in Russia, has filed a draft prospectus with the Israeli Securities Authority as a preliminary step towards a possible bond issuance. The company indicated in a short statement that the details of the possible issuance had not yet been worked out, and that it was 'no certainty that the issuance will take place'.

Mirland undertook to update the market 'in due course'.