OREANDA-NEWS. June 11, 2010. ITERA FINANCE, LLC, fulfilled its obligation to purchase its nonconvertible interest bearing documentary bonds payable to bearer of series 01 with a mandatory centralized safekeeping. The state registration number of the issue was 4-01-36298-R. It was dated October 11, 2007.

It was in accordance with the decision to issue bonds that the issuer was to buyback its bonds from their holders at a face value in case they presented bonds for premature repurchase. The total of 139 722 bonds have been presented for repurchase. This number accounted for less than 3% the total issue. OAO Gazprombank acted as an execution agent for the offer.

The bonded loan of ITERA FINANCE, LLC, was fully floated on November 27, 2007. ОАО Gazprombank was organizer of the issue, while Sberbank of the RF, IK Capital, and Rosbank were co-organizers. Underwriters of the issue included OOO FK Otkrytiye, AKB Soyuz, AKB NRBank, AKB Novikombank and others. The nominal value of the issue was Rub. 5 000 000 000, and its maturity was five years. The payment of a half-a-year coupon yield on bonds was envisaged.

A coupon rate of 10.4 percent for the first one and a half years of the flotation was set during the auction carried out in CJSC Stock Exchange of the Moscow Interbank Currency Exchange. The rates for the fourth and the fifth coupons were fixed in May of 2009. In conditions of instable money markets caused by the then raging financial crisis, the issuer increased the annual rate to 18.9 percent.

The annual coupon rate for the sixth and the seventh coupons (25.05.2010 to 24.05.2011) is set at 10.3 percent.