OREANDA-NEWS. On 22 December 2008 wOAO NK “RussNeft” reported about complete fulfillment of its obligation on acquiring the bonds put for redemption within the frames of inaugural bond loan “RussNeft-1” in amount of 6 971 490 000 rubles. Thus, the total sum of the Company’s payouts within the period of circulation of the bonds amounted to 8 922 416.58 rubles, including 7 308 216 716 .58 rubles in December 2008 with account of payout of the 6th coupon.

The inaugural issue of the bonds “RussNeft-1” encompassing 7 million securities with nominal value of 1000 rubles each was registered on November 24, 2005, registered number 4-01-39134-H. The issue allows payouts of coupons with the period of 182 days. The rates of the first -sixth coupons: 9.25% per annum, the rates of the seventh and eighth: 12% per annum, the rates of the ninth and tenth coupons are to be determined by the issuer. Paying agent – “Alfa –Bank”.

Chairman of the Board of Directors of OAO NK “RussNeft” Alexandr Korsik said:

“Complete and accurate fulfillment of the company’s obligations under the offer within the frames of the inaugural loan demonstrated to the investment banking professionals stability of industrial and financial situation of the holding and confirmed its status of a reliable business partner”.