OREANDA-NEWS. On March 26, 2014 UTair Finance, a subsidiary of UTair Aviation, successfully discharged bond obligations of series BO-05 and BO-05 for a total nominal value of 3 billion rubles and paid out of the last of 12 coupons. UTair Finance has fulfilled obligations for shareholders. The bonds were issued on March 20, 2011. The total volume of income paid out for both bond series reached 807,840,000 rubles. BK Region, Promsvyazbank, Otrkytiye Bank and Petrocommerz Bank were the bond issues arrangers.

“UTair has once again successfully met its obligations to investors, confirming its reliability and financial stability”, said UTair Aviation CFO Igor Petrov.

UTair-Financeis a subsidiary of UTair Aviation and an active player on the debt financing market. UTair Finance was established to develop and implement investment programmes for its parent company UTair Aviation. The company has successfully carried out 10 bond issues. The total volume of bonds issued in circulation on the Moscow Exchange have a nominal value of 14.5 billion rubles and are included on the A1 quotation list of the listing exchange. The company has an A+ credit rating reflecting its 'very high level of credit worthiness', from Russian ratings agency Expert RA.