OREANDA-NEWS. December 16, 2010. OJSC VolgaTelecom has in full discharged its obligations by paying coupon yield and paying off its inconvertible interest bearing certified bearer bonds of BT-2 and BT-3 series.

The interest rate of the tenth coupon on BT-2 series bonds was set by the Board of directors at 9.5% per annum or RUB 9.47 per a bond. The total amount of the tenth coupon yield paid to the bonds’ holders accounted for RUB 87, 000.

The interest rate of the tenth coupon on BT-3 series bonds accounted for 8.50% per annum or RUB 8.48 per a bond. The total amount of the tenth coupon yield paid to the bonds’ holders accounted for RUB 19, 504, 000.

The issuer also paid off the fifth 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. Thus, in accordance with the provisions of decisions of the bonds issue VolgaTelecom has in full discharged its obligations by paying off BT-2 and BT-3 series bonded loans. The Company transferred the 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 – A and 4 – 45 – 00137- A 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 was the issue lead arranger and managing underwriter.