OREANDA-NEWS. Southern Telecommunications Company ("UTK"), the principal fixed-line telecommunications provider for Russia's Southern Federal District, reports that on October 9,2007 the Company paid out the sixth coupon yield on UTK series 03 bonds (UTK-03оb., ISIN RU000A0DD202) in full.

According to the press service of the company, the amount of the sixth coupon yield to be paid on series 03 bonds was calculated on the basis of a 10.9% annual rate set by the resolution of the Company's Board of Directors  totaling 191,275,000 rubles. The sixth coupon yield of 54 rubles 65 kopecks was paid out on each bond of the issue. The list of persons eligible to receive the sixth coupon yield was composed as of 27th September 2007.

UTK's issue of 03-series non-convertible interest-bearing documentary pay-to-bearer bonds is for a total of RUR 3.5 bln with maturity of 5 years (1830 days), semi-annual coupon periods (183 days) and a buyback option every year and a half. The interest rate of 12.3% per annum on the  first, second and third coupons was fixed at the bond placement (October 6, 2004, MICEX). The coupon rate for coupons 4.6 was set at 10.9% per annum by the Company's Board of Directors.

The coupon rates for coupons 7.10 was set by the Order of the Company's General Director  of September 20, 2007. The interest rate of 9% per annum was assigned to the seventh coupon, the interest rate of 8.5% per annum was assigned to the eighth and ninth coupons, the interest rate of 8% per annum was assigned to the tenth coupon. The state registration number is 4-07-00062-А dated August 17, 2004. Arranger of series 03 bond issue is AKB Rosbank. Co-arranger of the bond issue is Promsvyazbank. Financial Consultant is  FFK. UTK-Finance Ltd. acts as UTK's underwriter.