UTK Paid Out 8th Coupon Yield on Series 03 Bonds
OREANDA-NEWS. On October 10, 2008 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, reported that on 9th October 2008 the Company paid out the eighth coupon yield on UTK series 03 bonds in full, reported the press-centre of UTK.
The interest rate (coupon income) on the Bonds shall be determined in accordance with the Decision on the Bond issue approved by the Board of Directors of the Issuer (Minutes № 49 of June 28, 2004).
An 8.5%-interest rate per annum was assigned to the eighth coupon of 03-series bond issue by the Order of the Company’s General Director of September 20, 2007. The amount of the eighth coupon yield to be paid on 03 series bonds totals 149,170,000 roubles. Thus, 42.62 roubles shall be paid out per each bond of the issue.