OREANDA-NEWS. December 14, 2009. On December 01, 2009 OJSC VolgaTelecom paid coupon yield on its inconvertible interest bearing certified bearer bonds of BT-2 and BT-3 series subject to obligatory centralized custody, and also paid off the third 20% of the bonds per value.

The interest rate of the eighth coupon on BT-2 series bonds amounted to 13% per annum or RUB 38.89 per a bond. The total amount of the eighth coupon yield paid to the bonds’ holders accounted for RUB 516 748.21. The total coupon yield paid on BT-2 series bonds amounted to RUB 738 922.9 thousand.

The interest rate of the eighth coupon on BT-3 series bonds amounted to 8.50% per annum or RUB 25.43 per a bond. The total amount of the eighth coupon yield paid to the bonds’ holders accounted for RUB 58 489 thousand. The total coupon yield paid on BT-3 series bonds amounted to RUB 721 289 thousand.

The total outpayments of redemption of the third 20% of BT-2 series bonds par value amounted to RUB 2 657.800 thousand (RUB 200 per a bond), and of BT-3 series bonds – RUB 460 000 thousand (RUB 200 per a bond).

The Company transferred the money in the Russian Federation currency to the bonds holders in full by non-cash payment.

VolgaTelecom’s inconvertible interest bearing certified BT-2 and BT-3 series bonds were floated on December 06, 2005 on MICEX by public offering. On January 11, 2006 Russia’s Federal Financial Markets Service (Russia’s FFMS) registered the report on the results of the issue of OJSC VolgaTelecom’s inconvertible interest bearing certified bearer bonds of BT-2 and BT-3 series (the issue state registration number: No 4 – 44 – 00137 – А and 4 – 45 – 00137- А).

Characteristics of bonded loans issue:BT-2 seriesInconvertible interest bearing certified bearer bonds of BT-2 series subject to obligatory centralized custody of the par value of RUB 1 000 (One thousand). The quantity of the issue securities is 3 000 000 (Three million) bonds. The total value of the bonds issue is RUB 3 billion. In December 2008 VolgaTelecom acquired BT-2 series bonds of the total par value of RUB 2 389 368.8 thousand on the terms of the Offer.

BT-3 seriesInconvertible interest bearing certified bearer bonds of BT-3 series subject to obligatory centralized custody of the par value of RUB 1 000 (One thousand). The quantity of the issue securities is 2 300 000 (Two million three hundred thousand) bonds. The total value of the bonds issue is RUB 2.3 billion.

The maturity of BT-2 and BT-3 series bonds is 5 years. OJSC JSCB Svyaz-Bank is the issue lead arranger and managing underwriter.