OREANDA-NEWS. ProfMedia made advanced redemption of inaugural issue of CLN on 23 June 2008. The overall loan volume without interest was \\$250 mln.

"The anticipated redemption is determined by the speedy growth of ProfMedia, and advanced opportunities of new fund rising", says CFO of ProfMedia Vladimir Pravdivy. "During the whole term CLN of the company were highly liquidable securities of steady quotes".

CLN were underwritten in December 2006 predominantly through external funds of Asia, Great Britain, USA and Switzerland. Some Russian investors also took part in the bargain. According to the terms of underwriting the CLN were issued for two years period with fixed annual coupon rate of 10,75%, and the company had an option of advanced redemption of CLN on the 15th, 18th and 21st month of the issue period.