OREANDA-NEWS. December 6, 2007. VolgaTelecom paid the coupon yield on its inconvertible interest bearing certified bearer bonds of BT-2 and BT-3 series with obligatory centralized custody, the company's press service announced.

The interest rate of the fourth coupon yield on BT-2 series bonds amounted to 8.20% per annum or RUR 40.89 per a bond. The total coupon yield on BT-2 series bonds amounted to RUR 490 680 000.

The interest rate of the fourth coupon yield on BT-3 series bonds amounted to 8.50% per annum or RUR 42.38 per a bond. The total coupon yield on BT-3 series bonds amounted to RUR 389 896 000.

The Company transferred by clearing the money in the Russian Federation currency to the bonds holders in full.

VolgaTelecom BT-2 and BT-3 series bonds were floated on December 6, 2005 at MICEX by public offering. On January 11, 2006 Russia's Federal Financial Markets Service (Russia’s FFMS) registered the report on the results of the issue of OJSC VolgaTelecom inconvertible interest bearing certified bearer bonds of BT-2 and BT-3 series (the issue state registration numbers: № 4 – 44 – 00137 – А and 4 – 45 - 00137– А).

Characteristics of bonds issues:

BT-2 series
Inconvertible interest bearing certified bearer bonds with obligatory centralized custody of the par value of RUR 1 000 (One thousand) per a bond. The quantity of the issue securities – 3 000 000 (Three million) bonds. The total value of the bonds issue is RUR 3 billion.

BT-3 series
Inconvertible interest bearing certified bearer bonds with obligatory centralized custody of the par value of RUR 1 000 (One thousand) per a bond. The quantity of the issue securities – 2 300 000 (Two million three hundred thousand) bonds. The total value of the bonds issue is RUR 2.3 billion. The bonds (BT-2 and BT-3 series) maturity is 5 years.

OJSC "Svyaz-Bank" is the issues lead arranger and underwriter.