OREANDA-NEWS. On March 16, 2007 Southern Telecommunications Company (“UTK”) [(RTS: KUBN, KUBNP; МICEX: UTEL, UTELP; ADR OTC: STJSY, KUE FRA)], the principal fixed-line telecommunications provider for Russia’s Southern Federal District, reported that on 14th March 2007 the Company paid out in full the fifth coupon income on the UTK 04-series non-convertible interest-bearing  documentary pay-to-bearer bonds (UTK-04оb., RU000A0GK2W9), reported the press-centre of  Southern Telecommunications Company.


The fifth coupon interest rate was set according to the Decision on the Bond Issue approved by the Company’s Board of Directors (Minutes N 11 dated 18 October 2005) at 10% per annum. Total amount of the fifth coupon yield payable under all UTK series 04 bonds made 112,200,000 rubles. The coupon income on one bond of the issue amounted to 22,44 rubles. The cut-off date of the register of the holders of UTK series 04 bonds entitled to receive the fifth coupon income was 6th March 2007. Payment agent of series 04 bond issue is NP "NDC".