OREANDA-NEWS. On 4th December, 2006 the Board of Directors of JSC North-West Telecom established the date for starting the floatation of interest-bearing documentary bonds of the fourth issue payable to bearer. The floatation of bonds will be held on 14th December, 2006.

Main parameters of 4th bond issue: number of issue bonds - 2 million bonds with the nominal value RUR one thousand each; total amounts - two billion roubles; state registered number - 4-04-00119-A.

The period of bond circulation will be five years with an option to call on the 728th day from the date of placement, at the discretion of the Company. In the event of an early call, the premium amounts to 20 roubles per bond.

The bonds will be placed by open subscription. The financial adviser of JSC NWT in the bond issue project is ZAO Russian Industrial Bank. Joint managing banks are ING BANK (EURASIA) ZAO and OAO ACB Svyaz Bank.