OREANDA-NEWS. June 11, 2009. 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, reports that today the Company paid out in full the fourteenth coupon income on the UTK 04-series non-convertible interest-bearing  documentary pay-to-bearer bonds (UTK-04оb., RU000A0GK2W9).
 
The fourteenth coupon interest rate was set according to the Decision on the Bond Issue approved by the Company’s Board of Directors (Minutes N 11 dated 18 October 2005) at 10.0% per annum. Total amount of the fourteenth coupon yield payable under all UTK series 04 bonds made 62,350,000 rubles. The fourteenth coupon income on one bond of the issue amounted to 12.47 rubles. The record date of the register of the holders of UTK series 04 bonds entitled to receive the coupon income was June 3, 2009.
 
At the same time the Company redeemed in full the fifth part (25 percent) of the nominal value of UTK series 04 bonds to the amount of 1,250,000,000 rubles.