OREANDA-NEWS. The shareholders of UTair (UTair Aviation, JSC) have approved a series of interrelated transactions worth a total of RUR2 billion (approx. USD76.02m) at their extraordinary general meeting. The meeting was held by absentee ballot, and the decision was passed by a majority of votes.

The transactions are connected with UTair Airlines providing non-repayable security to UTair Finance Limited Liability Company worth a total of RUR2bn against buyers of series 03 documentary interest bearer bonds with mandatory centralized custody, which are to be issued by UTair Finance.

The maximum amount of security of UTair Aviation equals the total par value of the bond issue, or RUR2bn (approx. USD76.02m), and aggregate coupon yield on the bonds.