OREANDA-NEWS. On January 31, 2007 Uralsvyazinform (RTS: URSI/URSIP, ADR: UVYZY/ UVYZYP), the leading carrier of fixed-line and mobile services in the Urals region, Russia reported its plan to place 08 series bond issue worth RUR 2,0 billion, reported the press-centre of Uralsvyazinform.

On January 29, 2008, the Board of Directors approved its decision to place 08-series bond issue worth 2,000,000,000 (two billion) rubles.

The issue has the following parameters: Documentary interest-bearing non-convertible bearer bonds of 08 series with mandatory centralized custody Number of bonds in the issue: 2,000,000 (two million);

Nominal value: 1,000 (one thousand) rubles;

Total volume: 2,000,000,000 (two billion) rubles;

According to the issue documentation, the bonds are redeemed in parts in the following terms:
On the 1638th day since bond placement in the amount of 50% of each bond’s par;
On the 1820th day since bond placement in the amount of 50% of each bond’s par.

The issue will be placed at Moscow Interbank Currency Exchange (MICEX).
Placement method: open subscription.

Lead manager – OAO AKB “Svyaz-Bank”. Financial advisor – ZAO “BFA”.

The raised money will be used to re-finance the existing credit portfolio and finance the investment program.