OREANDA-NEWS. November 10, 2009. On October 26, 2009 Sibirtelecom OJSC fulfilled its obligations regarding offer on credit notes (Credit Linked Notes, CLN).

Sibirtelecom OJSC fulfilled its obligations on credit notes offer (CLN), issue (ISIN) XS0358740206 in full. CLN in the amount of 86 mln USD, which is 95.6% from the total issue, were presented for redemption. Paid coupon yield amounted to 3.465 mln USD. Deutsche Bank AG, London, was the payment agent.

The coupon rate on the rest of circulating CLN was 7.7% per annum.

First Deputy General Director on economy and finances of Sibirtelecom OJSC, A. Sheifer: “While forex market is volatile, the fact of reduction of the Company’s dollar debt substantially mitigates its currency risks”.