OREANDA-NEWS. June 15, 2010. OJSC VolgaTelecom paid coupon yield on its inconvertible interest bearing certified bearer bonds of BT-2 and BT-3 series subject to obligatory centralized custody, and also paid off the fourth 20% of the bonds par value.

The interest rate of the ninth coupon on BT-2 series bonds was set by the Board of directors at 9.5% per annum or RUB 18.95 per a bond. The total amount of the ninth coupon yield paid to the bonds’ holders accounted for RUB 174, 102.55. The issuer also transferred individual income tax to the budget in the amount of RUB 29.

The interest rate of the ninth coupon on BT-3 series bonds accounted for 8.50% per annum or RUB 16.95 per a bond. The total amount of the ninth coupon yield paid to the bonds’ holders accounted for RUB 38, 950, 000.

The issuer also paid off the fourth 20% of the bonds par value of both the issues, which amounted to RUB 1, 837, 800 (RUB 200 per a bond) on BT-2 series bonds and RUB 460, 000, 000 (RUB 200 per a bond) on BT-3 series bonds.

The Company transferred money to the bonds holders in time and in full.

VolgaTelecom’s inconvertible interest bearing certified BT-2 and BT-3 series bonds were floated on December 06, 2005 on MICEX by public offering. On January 11, 2006 Russia’s Federal Financial Markets Service (FFMS) registered the report on the results of the issue of OJSC VolgaTelecom’s inconvertible interest bearing certified bearer bonds of BT-2 and BT-3 series (issue state registration number: No 4 – 44 – 00137 – А and 4 – 45 – 00137- А accordingly).

Characteristics of bonded loans issue:

BT-2 series

Inconvertible interest bearing certified bearer bonds of BT-2 series subject to obligatory centralized custody of the par value of RUB 1, 000. The quantity of the issue securities is 3 million bonds. The total value of the bonds issue is RUB 3 billion. In December 2008 VolgaTelecom acquired BT-2 series bonds of the total par value of RUB 2, 389, 368.8 thousand on the terms of the Offer, and in December 2009 – of the total par value of RUB 1, 640, 000. Maturity – 5 years.

BT-3 series

Inconvertible interest bearing certified bearer bonds of BT-3 series subject to obligatory centralized custody of the par value of RUB 1, 000. The quantity of the issue securities is 2.3 million bonds. The total value of the bonds issue is RUB 2.3 billion. Maturity – 5 years.

OJSC JSCB Svyaz-Bank is the issue lead arranger and managing underwriter.