OREANDA-NEWS. July 6, 2007. Sibirtelecom OJSC paid off bonds of 04 series (state registration number 4-04-00195-А of April 13, 2004) with total value of 2 bln rubles.

Together with the retirement of bonds the yield of 6th bond coupon of 04 series was paid out in amount of 124,660,000 rubles, calculated on the basis of 12.5 annual interests or 62.33 rubles per one bond.

Main parameters of bonded debt include: documentary inconvertible interest bonds payable to bearer of 04 series with the obligatory central storage in quantity of 2,000,000 pieces with nominal value 1,000 rubles each one with the maturity term on 1092nd (one thousand ninety second) day from the date of bond placement, bond coupon was paid out every six months, rates of coupons 2 - 6 are equal to the rate of coupon 1.

Money from bond issue and sale was sent to the development of existing and purchase of new telecommunication capacities, to the modernization of telecommunications equipment, increase of digitalization level, development of new telecommunication services, and to the refinancing of earlier given commitments.

Sibirtelecom OJSC fulfilled commitments to pay coupon yield and to pay off bonds in full and at the stated time, once again confirming the reputation of honest borrower. The previous bond issue (of 03 series, value 1.53 bln rubles) was paid off on 14 July, 2006.