OREANDA-NEWS. On 12 March 2008 was announced, that the bonds of North-West Telecom’s third and fourth issues were included in the A-1 Quotation List of MICEX.  The listing was made at the issuer’s request thanks to NWT’s compliance with the highest listing standards.

Until recently, NWT’s bonds had traded on MICEX’s A-1 off-board quotation list.  This was a result of the company’s concerted actions aimed at raising its capitalization and rolling out the market for its securities, in particular the goal of having all securities, both stocks and bonds issued at higher listing levels on stock exchanges.

This will make it possible to extend the range of potential investors of NWT using pension funds, management and insurance companies, which, in turn, will result in higher liquidity and lower volatility for the company’s securities.

Earlier, NWT’s common and preferred shares were transferred to the A-1 quotation list of MIXEX (in May 2006 and August 2007, respectively). 

Overview on issues:

The operator’s series-03 interesting bearing nominal bonds with mandatory centralized custody (state registration number 4-03-00119-Аdated December 28, 2004) were placed on MICEX on March 3, 2005.  The amount of the issue was Rub 3 bln and the number of shares in the issue was 3 mln with Rub 1,000 par value.  Term to maturity is 6 years with a put option available on March 6, 2008. Coupon income is paid out on bonds on a quarterly basis.

As of October 15, 2007, NWT’s series 03 and 04 bonds were listed on the Lombard List of the Bank of Russia (see news report dated October 15, 2007).