VolgaTelecom Determined Rate of Next Coupons

OREANDA-NEWS. On 01 September 2009 was announced, that VolgaTelecom’s Board of directors made the decision of determining the interest rate of the thirteenth to the eighteenth coupons of VolgaTelecom’s inconvertible interest bearing certified bearer bonds of BT-4 series subject to obligatory centralized custody.

The interest rate is set to be equal to 12% per annum. The total yield on each of the coupons due to payment on the Bonds amounts to RUB 89 760 000.   

VolgaTelecom’s Board of directors made the decision to acquire floated OJSC VolgaTelecom’s inconvertible interest bearing certified bearer bonds of BT-4 series subject to obligatory centralized custody, with the maturity term:

·  of the first 20% of the par value of the issue bonds on the 1820-th day since the commencement date of the bonds offering;

·  of the second 20% of the par value of the issue bonds on the 2002-nd day since the commencement date of the bonds offering;

·  of the third 20% of the par value of the issue bonds on the 2184-th day since the commencement date of the bonds offering;

·  of the fourth 20% of the par value of the issue bonds on the 2366-th day since the commencement date of the bonds offering;

·  of the fifth 20% of the par value of the issue bonds on the 2548-th day since the commencement date of the bonds offering

under the demands made by the Bonds owners on the 3-rd business day of the 19-th coupon period as per the procedure and on terms and conditions established in the Offer of acquiring by Open Joint Stock Company VolgaTelecom of OJSC VolgaTelecom’s inconvertible interest bearing certified bearer bonds of BT-4 series subject to obligatory centralized custody.