11.03.2008, 21:11
CenterTelecom Pays Third Coupon on Series 05 Bond
OREANDA-NEWS. On 07 March 2008 was announced, that OJSC CenterTelecom made a full RUR 121.02 million payment against the third coupon of its interest-bearing documentary non-convertible series 05 bearer bonds.
According to the 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 on the second and third coupons on the series 05 bonds is equal to the rate on the first coupon. The rate on the first coupon was set as 8.09% per annum. The amount paid per bond is RUR 40.34.
From September 4, 2007 to February 21, 2008, 476 transactions, the total value of which amounted to RUR 13.28 billion, were concluded on the MICEX. This included 203 basic deals in the amount of RUR 757 million; 27 negotiated trade deals in the amount of RUR 1.624 billion; 246 REPO transactions in the amount of RUR 10.892 billion. The maximum price reached 100.66% of the nominal.
The three million series 05 Interest-bearing documentary non-convertible bearer bonds were placed on September 5, 2006. The placement was conducted through public offer; the placement price was determined to be RUR 1,000 per bond (100% of nominal). Issue value totaled RUR 3 billion. The rate of the first coupon, defined on the start date of the bonds placement at the MICEX, amounted to 8.09% per annum, and was approved by a decree of CenterTelecom’s General Director. The interest rate on the second, third and fourth coupon equals the rate on the first. Interest rates on and subsequent coupons are to be defined 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 price on the 1,274th day from the start date of placement (March 2, 2010), 20% of nominal price on the 1456th day (August 31, 2010), 30% of nominal price on the 1,638th day from the start date of bond placement (March 1, 2011) and 40% of nominal price on 1820th day (August 30, 2011) CenterTelecom gives investors the right to sell the bonds under terms of irrevocable public offer with effect on September 4, 2008.
According to the 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 on the second and third coupons on the series 05 bonds is equal to the rate on the first coupon. The rate on the first coupon was set as 8.09% per annum. The amount paid per bond is RUR 40.34.
From September 4, 2007 to February 21, 2008, 476 transactions, the total value of which amounted to RUR 13.28 billion, were concluded on the MICEX. This included 203 basic deals in the amount of RUR 757 million; 27 negotiated trade deals in the amount of RUR 1.624 billion; 246 REPO transactions in the amount of RUR 10.892 billion. The maximum price reached 100.66% of the nominal.
The three million series 05 Interest-bearing documentary non-convertible bearer bonds were placed on September 5, 2006. The placement was conducted through public offer; the placement price was determined to be RUR 1,000 per bond (100% of nominal). Issue value totaled RUR 3 billion. The rate of the first coupon, defined on the start date of the bonds placement at the MICEX, amounted to 8.09% per annum, and was approved by a decree of CenterTelecom’s General Director. The interest rate on the second, third and fourth coupon equals the rate on the first. Interest rates on and subsequent coupons are to be defined 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 price on the 1,274th day from the start date of placement (March 2, 2010), 20% of nominal price on the 1456th day (August 31, 2010), 30% of nominal price on the 1,638th day from the start date of bond placement (March 1, 2011) and 40% of nominal price on 1820th day (August 30, 2011) CenterTelecom gives investors the right to sell the bonds under terms of irrevocable public offer with effect on September 4, 2008.
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