OREANDA-NEWS  On 18 September Southern Telecommunications Company (UTK) [(RTS: KUBN, KUBNP; МICEX: UTEL, UTELP; ADR OTC: STJSY, KUE FRA)], the principal fixed-line telecommunications provider for Russia’s Southern Federal District, announced that the Company made the first principal payment in the amount of USD 25 million to repay Credit Suisse International syndicated credit.

"UTK" PJSC and "Credit Suisse International" signed USD 50 000 000 Term Credit Facility Agreement on 31st August 2006. The loan facility is repayable in 37 months. The interest rate on the loan is the percentage rate per annum, which is the aggregate of LIBOR and the  “Margin” of the bank, and meets the current market conditions.