VolgaTelecom Paid Coupon Yield
OREANDA-NEWS On 09 December was announced, that OJSC VolgaTelecom paid coupon yield on its inconvertible interest bearing certified bearer bonds of BT-2 and BT-3 series subject to obligatory centralized custody, and also paid off the first 20% of the bonds par value.
The interest rate of the sixth coupon yield on BT-2 series bonds amounted to 8.20% per annum or RUR 40.89 per a bond. The total amount of the sixth coupon yield paid to the bonds’ holders accounted for RUR 122.67 million. The total coupon yield paid on BT-2 series bonds amounted to RUR 736.02 million.
The interest rate of the sixth coupon yield on BT-3 series bonds amounted to 8.50% per annum or RUR 42.38 per a bond. The total amount of the sixth coupon yield paid to the bonds’ holders accounted for RUR 97.47 million. The total coupon yield paid on BT-3 series bonds amounted to RUR 584.84million.
The total outpayments of pay off of the first 20% of BT-2 series bonds par value amounted to RUR 600 million (RUR 200 per a bond), and of BT-3 series bonds – RUR 460 million (RUR 200 per a bond).
The Company transferred the money in the Russian Federation currency to the bonds holders in full by non-cash payment.
VolgaTelecom’s inconvertible interest bearing certified BT-2 and BT-3 series bonds were floated on December 06, 2005 at MICEX by public offering. On January 11, 2006 Russia’s Federal Financial Markets Service (Russia’s FFMS) registered the report on the results of the issue of OJSC VolgaTelecom’s inconvertible interest bearing certified bearer bonds of BT-2 and BT-3 series (the issue state registration number: No 4 – 44 – 00137 – А and 4 – 45 – 00137- А)
Characteristics of bonded loans issue:
BT-2 series
Inconvertible interest bearing certified bearer bonds subject to obligatory centralized custody of the par value of RUR 1 000 (One thousand). The quantity of the issue securities is 3 000 000 (Three million) bonds. The total value of the bonds issue is RUR 3 billion.
BT-3 series
Inconvertible interest bearing certified bearer bonds subject to obligatory centralized custody of the par value of RUR 1 000 (One thousand). The quantity of the issue securities is 2 300 000 (Two million three hundred thousand) bonds. The total value of the bonds issue is RUR 2.3 billion.
The maturity of BT-2 and BT-3 series bonds is 5 years. OJSC JSCB Svyaz-Bank is the issue lead arranger and managing underwriter.
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