OREANDA-NEWS. Southern Telecommunications Company (“UTK”) [(RTS: KUBN, KUBNP; МICEX: UTEL, UTELP; ADR OTC: STJSY, KUE FRA)], the principal telecommunications provider for Russia’s Southern Federal District, announces that on 7th February 2007 the Company  repaid in full par value of its series-02 bond issue (UTK-02оb., ISIN RU000A0AUUТ0) for a total of Rub 1,500,000,000 (one billion five hundred million rubles).

At the same time the Company paid in full the sixth coupon yield at 10.5% interest rate on all bonds for a total of Rub 78,540,000 (seventy eight million five hundred and forty thousand rubles) or Rub 52.36 (fifty two rubles thirty six kopecks) per each bond. The interest rate was determined by the Board of Directors of "Southern Telecommunications Company" PJSC. 

The payment agent for UTK’s series-02 issue is Joint –Stock Bank “Rosbank”.