OREANDA-NEWS. On 03 April 2008 was announced, that OJSC VolgaTelecom paid off and paid accrued interest on registered interest bearing uncertified bonds of 9-U series. The total payment to the bonds holders amounted to RUR 1 004 400.

The total size of 9-U series bonds yield amounted to RUR 4 400 and the yield per a bond – RUR 8,80. Partial performance of the Company’s obligations (RUR 335 247,69 were not paid) is related to nonappearance of the bonds holders to VolgaTelecom’s office to get the par value and yield on the bonds in cash.

9-U series bonds of the par value of RUR 2 000 each were registered by Russia’s Federal commission for securities market on October 25, 2002; state registration number - 4-41-00137-А. The quantity of issued securities is 500 bonds. The repayment period is from January 3, 2008 to March 30, 2008.

9-U series bonds were placed within the framework of regional communication operators’ affiliation to OJSC VolgaTelecom by converting registered uncertified bonds of 11 series of OJSC “Electrosvyaz of Ulyanovsk oblast” (at present VolgaTelecom’s Ulyanovsk regional subsidiary), (state registration number 4-11-00187-А) into 9-У series bonds; the bonds were converted with 1 to 1 ratio.

Furthermore on April 1, 2008 OJSC VolgaTelecom has set to pay off registered uncertified bonds of 10-U series (registered by Russia’s Federal commission for securities market on October 25, 2002; state registration number - 4-42-00137-А). The date when the issuer’s obligations should be performed is June 30, 2008.

The total amount of yield on 10-U series bonds is determined to be RUR 3 810 and the size of yield per a bond – RUR 7,62. The bond yield is charged for the period from the start date of the bonds placement by the issuer to the date of filing the application for the bond pay off. The application for the bonds pay off may be filed on any day during the retirement period and in this connection the total amount of the bonds yield will be adjusted as of the end date of the bonds repayment period.