OREANDA-NEWS. On 10 June 2009 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 second 20% of the bonds par value.

The interest rate of the seventh coupon on BT-2 series bonds amounted to 13% per annum or RUB 51.86 per a bond. The total amount of the seventh coupon yield paid to the bonds’ holders accounted for RUB 689 153.54. The total coupon yield paid on BT-2 series bonds amounted to RUB 736 703.7 thousand.

The interest rate of the seventh coupon on BT-3 series bonds amounted to 8.50% per annum or RUB 33.91 per a bond. The total amount of the seventh coupon yield paid to the bonds’ holders accounted for RUB 77 956.4 thousand. The total coupon yield paid on BT-3 series bonds amounted to RUB 662 800 thousand.

The total outpayments of redemption of the second 20% of BT-2 series bonds par value amounted to RUB 2 657.800 thousand (RUB 200 per a bond), and of BT-3 series bonds – RUB 460 000 thousand (RUB 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 on 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 RUB 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 RUB 3 billion. In December 2008 VolgaTelecom acquired BT-2 series bonds of the total par value of RUB 2 389 368.8 thousand on the terms of the Offer.

BT-3 series

Inconvertible interest bearing certified bearer bonds subject to obligatory centralized custody of the par value of RUB 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 RUB 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.