OREANDA-NEWS. November 13, 2009. Sviaz-Bank acted as managing underwriter for 1 billion rubles in tradable Series BO-01 bonds floated by Uralsviazinform OJSC by public subscription on the MICEX Stock Exchange. The entire bond issue was sold out on the first day of the offering, reported the press-centre of Sviaz-Bank.

The interest payable on the first coupon of Uralsviazinform OJSC’s tradable BO-01 bonds was rated at the auction on the MICEX Stock Exchange at 10.80% per annum. The second, third, and fourth coupons are identical to the first one, and the remaining coupons are left at the issuer’s discretion. The effective rate to the two-year option was worked out at 11.09% per annum.

To remind, Uralsviazinform OJSC’s Board of Directors resolved to float ten issues of tradable bonds to raise 1 billion rubles each. The securities have a par value of 1,000 rubles per bond. Each issue has a maturity of 1,092 days (three years) from the date of flotation commencement.