OREANDA-NEWS. On 04 June 2008 was announced, that public offering of the fifth bond issue of OJSC "North-Western Telecom" (state registered number 4-05-00119-A as of 24 October 2007) took place at Moscow Central Stock Exchange. The volume of issue reached 3billion rubles. The bond maturity is 5 years. The coupon payments are to be made. The rates of the coupons are calculated as the sum of 3-month rate “Mosprime”, determined at the last day of each coupon period and the premium at 212 b.p.( 2,12%), determined at the auction. The issue has the right to prepay the bonds at the day of each coupon payment, starting from 8th coupon period at the price of 100,25% par value. The bond holders have the opportunity to present applications for bond sale at the nominal value in 2 years.

Following the results of the contest, the premium to 3month rate Mosprime ( 6.28% p.a. as of 26May 2008) was fixed at 212 b.p. Thus, the rate of the first coupon was fixed at 8.40%p.a. The demand exceeded the supply by 3.2times, amount of applications of investors reached 9.5billion rubles.

Lead arrangers of bond issuance — Sviaz Bank and Raiffeisenbank.

Co-arrangers- Dresdner Bank, Absolut Bank, ING Bank, Novikombank, Bank Petrokommerz.

Underwriters — Commerzbank ( Eurasia), Alfa-Bank, BFA, IK “Kapital”, GK Region, Sberbank, TransCreditBank.

Co-Underwriters of public offering — FK Otkritie, UniCredit Bank, AK Bars Bank, Transcapitalbank, FK Uralsib, IK Russ-Invest.