OREANDA-NEWS. September 21, 2009. VolgaTelecom, Ltd., carried out in full the obligations it assumed under the terms of the option it offered for its Series VT-4 bond issue by redeeming 2,046,416 bonds on the bondholders’ claims at 100% of the unredeemed portion of the par value and paying them the coupon interest accrued on the redemption date. Sviaz-Bank acted as an agent bank responsible for compliance with option terms, reported the press-centre of Sviaz-Bank.

In all, the shares were redeemed at 2,047,766,634 rubles 56 kopecks, including 1,350,634 rubles 56 kopecks in accrued coupon interest. VolgaTelecom floated its Series VT-4 bond issue on September 12, 2006 to raise 3 billion rubles. The bonds have a maturity of seven years.