OREANDA-NEWS. September 11, 2009. Circulation of North-West Telecom 6th issue bonds was started at the MICEX stock exchange on September 9, 2009. The bonds’ admission to trading was authorized in accordance with the Rules of Admission to Trading and Rules of Securities Trading at the MICEX Stock Exchange.

The bonds’ trade code is RU000A0JQ8U1. ISIN Code: RU000A0JQ8U1 .

The bonds were floated at the MICEX stock exchange on August 5, 2009. The RUR 3 billion issue was successfully placed in full within one day.

Parameters of the sixth bonds issue of North-West Telecom:

Volume of the issue: RUR 3 billion.

Circulation period of the bonds: 10 years.

Floatation price: RUR 1,000   (face value).

The coupon interest rate is determined during the floatation and is fixed for the entire circulation period.

The rates of the 2nd through 40th coupons are equal to the rate of the 1st coupon.

Repayment:
30% of the face value 8 years after the floatation date (on the 2912th day after the floatation date);
30% of the face value 9 years after the floatation date (on the 3276th day after the floatation date);
40% of the face value 10 years after the floatation date (on the 3640th day after the floatation date).

Early retirement of the bonds is possible, if OJSC North-West Telecom wishes so (call option) after 3 years (on the 1092th day after the floatation date) or after 6 years (on 2184th day from the floatation date). The amount of bonus to be paid in case of early retirement will be RUR 2.5 per bond.

A two-years' offer is provided for the issue (put-option), the price of implementing the offer being 102.5% of the bonds face value.

The fact that the rate has been established at an attractive level and the keen demand of investor s for the bonds of North-West Telecom show that the terms of the loan are attractive and that the investors are confident of the stability of the Company's cash flows.