VolgaTelecom Set Rate of Next Coupons of Its BT-4 Series Bonded Loan

OREANDA-NEWS. December 16, 2010. VolgaTelecom’s Board of directors (Minutes No 18 of December 06, 2010) made the decision of setting the rate of the next coupons (from 19 to 28) of its inconvertible interest bearing certified bearer bonds of BT-4 series subject to obligatory centralized custody.

The interest rate of coupons from 19-th to 28-th is 6.65% per annum.

VolgaTelecom BT-4 series bonds were floated on September 12, 2006 on MICEX by public offering. On October 19, 2006 Russia’s Federal Financial Markets Service (Russia’s FFMS) registered the report on the results of the issue of OJSC VolgaTelecom inconvertible interest bearing certified bearer bonds of BT-4 series subject to obligatory centralized custody to the amount of RUB 3 billion (the issue state registration number: 4-46-00137-A).

Characteristics of BT-4 series bonds issue:

Inconvertible interest bearing certified bearer bonds of BT-4 series subject to obligatory centralized custody to the number of 3 000 000 (Three million) bonds of the par value of RUB 1 000 (One thousand) per a bond. The total par value of the issue is RUB 3 000 000 000 (Three billion). The bonds maturity term is 7 years. Lead arranger of the issue is LLC Deutsche Bank, co-arrangers: OJSC JSCB Svyaz-Bank and JSCB Promsvyazbank (ZAO).