OREANDA-NEWS. December 11, 2009. The Closed Joint-Stock Company National Depositary Centre acting as the payment agent for OJSC North-West Telecom’s series 04 bonds effected the payment of the 12th coupon and repaid 25% of the series 04 bonds face value.

In compliance with the Decision on the Issue, partial repayment of the bonds in three stages was approved:
10.12.2009 - 25% of the Bonds face value;
09.12.2010 - 25% of the Bonds face value;
08.12.2011 - 50% of the Bonds face value.

The first part was fully redeemed within the established time, it was carried out at the same time with the payment of the 12th coupon yield under the series four bonds of OJSC N.W.Telecom.

The rate under the 12th coupon was 8.10% per annum, 20 roubles and 19 kopecks having accrued on each bond.

The total amount allocated for repayment of the principal part of the debt and the coupon yield has been 540,380,000 roubles.
500 million roubles for repayment of 25% of the loan face value;
40.38 million roubles for payment of the 12th coupon.

The list of the persons authorized to receive the yield under the bonds was made as of 4th December 2009.

The full discharge of the debt liabilities of the Company within the established time has confirmed once again the high reliability of OJSC N.W.Telecom’s securities and attractiveness of OJSC North-West Telecom as a quality borrower.