10.09.2007, 09:29
CenterTelecom Pays Second Coupon on Series 05 Bond
OREANDA-NEWS. OJSC CenterTelecom (OTC: CRMUY.PK; MICEX: CTLK, CTLKP; RTS: ESMO, ESMOP) has made a full payment against the second coupon of its interest-bearing documentary non-convertible series 05 bearer bonds in the amount of RUR121.02 million.
According to a Decision on Securities Issue (state registration number 4-20-00194-А dated June 15, 2006) approved by the company’s Board of Directors on April 21, 2006, interest rate on the second, third and fourth coupon on the series 05 bonds is equal to the rate on the first coupon. The rate on the first coupon was set on the start date of the bond placement at the MICEX exchange and approved by Order of the General Director as 8.09% per annum. The amount of the yield paid per bond is RUR40.34.
From 6 March to 24 August this year, 321 transactions, total value of which amounted to 15.710 billion RUR, were concluded on the MICEX. This included 54 basic deals in the amount of RUR 525 million; 32 negotiated trade deals in the amount of RUR 1.172 billion; 235 repo-transactions in the amount of RUR14.013 billion. The maximum price reached 110.3% of the nominal.
The series 05 Interest-bearing documentary non-convertible bearer bonds were placed on 5 September, 2006. The placement was conducted through public offer; the placement price was determined to be RUR1,000 per bond (100% of nominal). Issue value totalled RUR3 billion. The rate of the first coupon was defined on the start date of the bonds placement at the MICEX and amounted to 8.09% per annum. Interest rate on the second, third and fourth coupon equals to the rate of the first coupon. Interest rates on the fifth and subsequent coupons are to be defined by CenterTelecom in accordance with Clause 9.3. of the Decision on Securities Issue and Clause 9.1.2. of Securities Prospectus. The bonds are to be paid off in the amount of 10% of nominal cost on 1,274th day from the start date of bond placement, 20% of nominal cost on 1,476th day, and 40% of nominal cost on 1,820th day. CenterTelecom gives investors the right to sell the bonds under terms of irrevocable public offer with effect from on 4th September, 2008.
According to a Decision on Securities Issue (state registration number 4-20-00194-А dated June 15, 2006) approved by the company’s Board of Directors on April 21, 2006, interest rate on the second, third and fourth coupon on the series 05 bonds is equal to the rate on the first coupon. The rate on the first coupon was set on the start date of the bond placement at the MICEX exchange and approved by Order of the General Director as 8.09% per annum. The amount of the yield paid per bond is RUR40.34.
From 6 March to 24 August this year, 321 transactions, total value of which amounted to 15.710 billion RUR, were concluded on the MICEX. This included 54 basic deals in the amount of RUR 525 million; 32 negotiated trade deals in the amount of RUR 1.172 billion; 235 repo-transactions in the amount of RUR14.013 billion. The maximum price reached 110.3% of the nominal.
The series 05 Interest-bearing documentary non-convertible bearer bonds were placed on 5 September, 2006. The placement was conducted through public offer; the placement price was determined to be RUR1,000 per bond (100% of nominal). Issue value totalled RUR3 billion. The rate of the first coupon was defined on the start date of the bonds placement at the MICEX and amounted to 8.09% per annum. Interest rate on the second, third and fourth coupon equals to the rate of the first coupon. Interest rates on the fifth and subsequent coupons are to be defined by CenterTelecom in accordance with Clause 9.3. of the Decision on Securities Issue and Clause 9.1.2. of Securities Prospectus. The bonds are to be paid off in the amount of 10% of nominal cost on 1,274th day from the start date of bond placement, 20% of nominal cost on 1,476th day, and 40% of nominal cost on 1,820th day. CenterTelecom gives investors the right to sell the bonds under terms of irrevocable public offer with effect from on 4th September, 2008.
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