VolgaTelecom Performed Its Obligations within Offer of BT-4 Series
OREANDA-NEWS. March 17, 2011. OJSC VolgaTelecom in accordance with terms and conditions of the Offer of BT-4 series bonded loan has performed its obligations in full by acquiring 683, 128 bonds at the request of their owners; the bonds acquisition price was 100% of the outstanding part of the bonds’ par value exclusively of coupon yield accrued on the date of acquisition; this accrued coupon yield was paid out by the Company to the bonds seller in excess of the acquisition price.
The total amount of acquisition accounted for RUB 658, 989, 244.85, inclusive of accrued coupon yield of RUB 362, 244.85.
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. In accordance with terms and conditions of the Offer in September 2009 VolgaTelecom acquired 2, 046, 416 bonds at the request of their owners; the bonds acquisition price was 100% of the outstanding part of the bonds’ par value and also the Company paid out the coupon yield accrued on the date of acquisition.
Lead arranger of the issue: LLC Deutsche Bank.
Co-arrangers of the issue: OJSC JSCB Svyaz-Bank and JSCB Promsvyazbank (ZAO).
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