OREANDA-NEWS. On May 21, 2007 Southern Telecommunications Company (“UTK”) (RTS: KUBN, KUBNP; MICEX: UTEL, UTELP; ADR OTC: STJSY, KUE FRA), the principal fixed-line telecommunications provider for Russia’s Southern Federal District, reported that on May 18, 2007 Federal Financial Markets Service of Russia registered the Company’s 05-series non-convertible interest-bearing documentary pay-to-bearer bonds with the mandatory centralized custody.

The state registration number of 05-series bond issue is 4-09-00062-A. The bond issue will be placed by public subscription in CJSC SE “MICEX”, reported the press-centre of  UTK.

Identification characteristics of series 05 bond issue of "UTK" PJSC:
The Bond issue is for a total of  2,000,000,000 (two billion) rubles.
The term to maturity is 5 years.
During the first and the following days of the bond placement the bonds will be placed at the price of 100 (one hundred) percent of their face value, which is 1,000 (one thousand) rubles.
The placement of Bonds will not start earlier than 2 (Two) weeks after the information on the state registration of the Bond issue and on the procedure of access to the information contained in the Securities Offering Circular is disclosed by the Issuer in compliance with the standard legal acts of RF.
The possibility of Bonds acquisition by the Issuer under the agreement with the Bonds owner (owners) or on their demand is provided for, such Bonds being available for further circulation until the repayment deadline.
CJSC “Russian Industrial Bank” acts as the Financial Consultant of 05-series bond issue. OJSC AKB "Svyaz-Bank" acts as the Organizer of the Bond issue and Payment Agent. Underwriter of the issue is LLC “UTK-Finance”.