OREANDA-NEWS. November 27, 2009. VolgaTelecom’s Board of directors made the decision of determining the rate of the ninth and tenth coupons of VolgaTelecom’s inconvertible interest bearing certified bearer bonds of BT-2 series subject to obligatory centralized custody.

The interest rate is set to be equal to 9.5% per annum.

The obligation to pay the Bonds’ ninth coupon should be performed on 01.06.2010 and the obligation to pay the Bonds’ tenth coupon should be performed on 30.11.2010.

VolgaTelecom’s inconvertible interest bearing certified BT-2 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 series (the issue state registration number: No 4 – 44 – 00137 – А).

Characteristics of BT-2 series bonded loan:

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. The maturity of BT-2 series bonds is 5 years. OJSC JSCB “Svyaz-Bank” is the issue lead arranger and underwriter.