OREANDA-NEWS On 09 October 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 the Company made the last principal payment in the amount of USD 25 mln to repay Credit Suisse International (CSI) syndicated credit.

UTK and Credit Suisse International signed USD 50 000 000 Term Credit Facility Agreement on 31st August 2006. The loan facility was to be repayable in 37 months. The interest rate on the loan was the percentage rate per annum, which is the aggregate of LIBOR 6M and the  “Margin” of the bank.