OREANDA-NEWS. August 26, 2009. By the decision of the Federal Service on Financial Markets of RF the report was registered on the results of issuing non-convertible documentary interest-bearing bonds payable to bearer with obligatory centralized storage series 06 ОJSC "North-West Telecom" (state registration number 4-06-00119-А dd. 16th October, 2008).

3 million bonds of par value of 1 thous. RUR were distributed by public subscription on 5th August, 2009 at  MICEX stock exchange. The issue was successfully distributed in full within one day with very high demand on the part of investors. In the near future bonds’ circulation at the secondary stock exchange market will be organised.

Parameters of the sixth  bond issue of OJSC "North-West Telecom":
Issue’s volume – 3 billion RUR.
Bonds’ circulation period – 10 years
Floatation price – 1,000 RUR (par value)
First coupon interest rate – 11.70 %
Rates from 2nd to 40th coupon – are the same as the first coupon rate

Bond redemption:
30% of par value 8 years after floatation (on 2,912th day after floatation date);
30% of par value 9 years after floatation date (on 3,276th day after floatation date);
40% of par value 10 years after floatation date (on 3,640th day after floatation date).

A possibility of early redemption is envisaged at the wish of OJSC "North-West Telecom" (call-оption) in 3 years (on 1,092th day after floatation date) or in 6 years (2,184th day after floatation date). The amount of premium at the early bonds’ redemption will be 2.5 RUR per one bond. A two years’ offer is envisaged for the issue (put-оption), offer’s implementation price is 102.5% of the bonds’ par value.

The issue was arranged by OJSC AKB “Svyaz-Bank”. The Lead Joint Arrangers have been : CJSC BFA, ING BANK (EURASIA) CJSC, OJSC Bank St. Petersburg, CJSC Raiffeisenbank.

The following entered the floatation syndicate as co-arrangers: ОJSC "Sberbank of Russia", CJSC UК "Dostoyaniye", ОJSC АКB "ЕURIFINANCE МОSNARBANK", ОJSC "Investment Bank "Оtkrytiye", ОJSC "VBRR", LLC IKB "Sovkombank", CJSC "GLOBEXBANK", LLC "BК "REGION", LLC "RONIN", ОJSC "Uglmetbank".

The following acted as the issue’s co-underwriters: GK "Deposits’ Insurance Agency", LLC FК "Меgatrustoil", ОJSC "Promsvyazbank", ОJSC "Rus-Bank", CJSC "CREDIT EUROPE BANK".