PIK said in its nine-month earnings report that the VTB loanfell due at the end of December 2008. "We are willing to discuss the situation out of court, butfor that to happen, PIK needs to take some steps," said MaximLunyov, a spokesman for VTB, which is Russia's second largestbank He did not identify the steps in question. Russian developers, financed heavily by short-term debt,have borne the brunt of the impact of the financial crisis onRussian companies. PIK's stock is down 95 percent from its May19, 2008, all-time high on Russia's RTS share index. Separately, PIK said in a statement to the London StockExchange that it replaced its chief financial officer with aformer Deutsche Bank debt capital markets director. 
Anna Kolonchina, who spent 12 years at Deutsche Bank beforemoving to London-based Wainbridge, will take over from YevgenyLuneyev on Jan 26, PIK said in a statement. "Anna has a strong background in debt finance and is verywell equipped to guide us through these difficult times," PIKChief Executive Officer Kirill Pisarev. In December, PIK arranged a $262 million one-year loan fromstate-controlled Vneshekonombank, the state's clearing house forcrisis bailout funds. It also sold more than 4 billion roubles worth of suburbanMoscow apartments to the city government late last year afterthe city effectively cancelled an earlier tender awarded at ahigher price.

PIK, a major provider of middle-class housing in Moscow andthe surrounding region, said last month it was added to agovernment list of strategically important Russian companies,which investors informally refer to as "too big to fail". (Writing by Melissa Akin; editing by John Stonestreet) Russia. LONDON(Business Wire) As Agent Bank, please be advised of the following rate determined on: 12/01/09Issue The Higher Education Securitised Investments (THESIS)- 20,600,000 Class B2 Asset Backed FRN due Perpetual ISIN Number XS0085726742ISIN Reference 85726742Issue Nomin GBP 20,600,000Period 12/01/09 to Payment10/02/09Date 10/02/09Number of Days 29Rate 1.72375Denomination GBP 100,000 Amount Payable per Denomination 136.96 Bank of New YorkRate Fix DeskTelep 44 1202 hone 689580Corporate Trust ServicesFacsi 44 1202mile 689601 The Higher Education Securitised Investments (THESIS) Copyright Business Wire 2009. TAMPA, FL, Jan 12 (MARKET WIRE) Bon Idziak, President of Applicant Insight, Inc. has been elected to theBoard of Directors of the HR-XML Consortium. The HR-XML Consortium is theonly volunteer-led, non-profit, community-driven standards organizationfor Human Resources.An early pioneer of HR-XML standards, Bon has been a contributing memberof the Consortium since its inception in 1999. As a member of the teamresponsible for the proposal to create the Background CheckingSpecification and an early implementer of the standard, he is a provenadvocate of the Consortium and its efforts.
Bon offers subject matterexpertise to the Consortium and its members relative to the businessprocesses and legislative matters that affect the integration efforts ofpeer HR organizations. He was a key contributing member, speaker andsponsor of the inaugural Global Partnering and Integration Summit 2007 andthe Global Partnering and Integration Summit 2008, serving on the Board ofAdvisors in 2007 and as Co-Chair of the 2008 Summit.Bon is also a member of the Society for Human Resource Management,American Society for Industrial Security, Drug and Alcohol TestingIndustry Association, Substance Abuse Program Administrators Association,Securities and Insurance Licensing Association, and the NationalAssociation of Professional Background Screeners (NAPBS). He is an activeparticipant and contributor to the NAPBS Government Affairs Committee.Bon regularly consults with major national employers and associations todevelop employment screening solutions that are cost-effective, compliant,and address corporate goals and regulatory requirements. He also makespresentations at conferences and in educational settings, and hisexpertise is sought by industry publications and various media outlets.About Applicant InsightApplicant Insight is a leading provider of background screening andsubstance abuse testing domestically and internationally. A single sourceprovider, Applicant Insight provides full-spectrum program managementaccompanied by experience, an extensive services offering andsophisticated technology. Ai's proprietary, web-based technology andpatented paperless workflow automation, ensures the administration,implementation and expert management of the most complex screeningprograms.