09.10.2008, 13:31
CenterTelecom Made Fourth Coupon Payment under Series 5 Bond
OREANDA-NEWS On 09 October was announced, that CenterTelecom OJSC effected payment in full in the sum of RUR121,020,000 under the fourth coupon of its series 5 interest-bearing documentary non-convertible bearer bonds.
In accordance with a decision on issuance of securities (state registration number 4-20-00194-А of 15 June, 2006) approved by the Board of Directors of CenterTelecom on 21 April, 2006, the interest rate on the fourth coupon is equal to the rate of the first coupon. The first coupon’s rate was set by tender on the day of placement at the MICEX exchange and approved by order of CenterTelecom’s General Director in the amount of 8.09% per annum. The value of the interest paid per bond was RUR40.34.
From 4 March-22 Aug., 2008 (date of registration of bond owners for payment against the eighth coupon under the series 5 bond), 385 deals with CenterTelecom bonds were concluded through MICEX. Total value of the transactions was RUR10.967 billion. The transactions included 198 ordinary deals for RUR0.734 billion, 17 negotiated deals for RUR0.679 billion and 170 REPO deals for RUR9.554 billion. The premium to the nominal value reached 10.23%.
Three million series 5 bonds with RUR1,000 nominal value each were placed by way of public offering on the MICEX Stock Exchange on Sept. 5, 2006. The placement price was established in accordance with issuing documents and reached 100% of nominal value. The interest rate on the first coupon was set at 8.09% per annum as a result of an auction held on the day of placement and approved by Order of the General Director of CenterTelecom. Interest rates for the second, third and fourth coupons were equal to the rate on the first coupon. Interest rates on remaining coupons were to be established by the issuer in accordance with Clause 9.3 of the Decision on Issuance of Securities and Clause 9.1.2. of the Securities Prospectus. The bonds are to be redeemed in the amount of 10% of the nominal value on the 1,274th day after the placement date (March 2, 2010), 20% of the nominal value on the 1,456th day after the placement date (Aug. 31, 2010), 30% of the nominal value on the 1,638th day after the placement date (March 1, 2011), and 40% of the nominal value on the 1,820th day after the placement date (Aug. 30, 2011). Investors are permitted to sell the bonds on Sept. 4, 2008 on condition of irrevocable public offer.
In accordance with a decision on issuance of securities (state registration number 4-20-00194-А of 15 June, 2006) approved by the Board of Directors of CenterTelecom on 21 April, 2006, the interest rate on the fourth coupon is equal to the rate of the first coupon. The first coupon’s rate was set by tender on the day of placement at the MICEX exchange and approved by order of CenterTelecom’s General Director in the amount of 8.09% per annum. The value of the interest paid per bond was RUR40.34.
From 4 March-22 Aug., 2008 (date of registration of bond owners for payment against the eighth coupon under the series 5 bond), 385 deals with CenterTelecom bonds were concluded through MICEX. Total value of the transactions was RUR10.967 billion. The transactions included 198 ordinary deals for RUR0.734 billion, 17 negotiated deals for RUR0.679 billion and 170 REPO deals for RUR9.554 billion. The premium to the nominal value reached 10.23%.
Three million series 5 bonds with RUR1,000 nominal value each were placed by way of public offering on the MICEX Stock Exchange on Sept. 5, 2006. The placement price was established in accordance with issuing documents and reached 100% of nominal value. The interest rate on the first coupon was set at 8.09% per annum as a result of an auction held on the day of placement and approved by Order of the General Director of CenterTelecom. Interest rates for the second, third and fourth coupons were equal to the rate on the first coupon. Interest rates on remaining coupons were to be established by the issuer in accordance with Clause 9.3 of the Decision on Issuance of Securities and Clause 9.1.2. of the Securities Prospectus. The bonds are to be redeemed in the amount of 10% of the nominal value on the 1,274th day after the placement date (March 2, 2010), 20% of the nominal value on the 1,456th day after the placement date (Aug. 31, 2010), 30% of the nominal value on the 1,638th day after the placement date (March 1, 2011), and 40% of the nominal value on the 1,820th day after the placement date (Aug. 30, 2011). Investors are permitted to sell the bonds on Sept. 4, 2008 on condition of irrevocable public offer.
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