OREANDA-NEWS. December 10, 2010. ITERA Finance, LLC, paid up coupon yield on nonconvertible interest-bearing bonds for the sixth coupon term on November 23, 2010.

The level of income paid up to holders of bonds totaled to Rub.205 593 053 or Rub. 51.36 per one bond with a face value of 1000 Rubles each.  This corresponded to a coupon rate of 10.3% a year.

Flotation of ITERA Finance bond issue with a face value of Rub. 5 billion was accomplished on November 27, 2007. ITERA Oil and Gas Company, LLC, acted as guarantor for the bonds issue.

Funds received in result of the bonded loan were allocated to re-finance the ITERA Oil and Gas Company, LLC credit portfolio.

ITERA Finance, LLC: ITERA Finance, LLC, is involved in raising  monetary funds in the Russian securities market by way of issue of corporate Ruble bonds with a view of financing the ITERA Oil and Gas Company activities.

ITERA Oil and Gas Company, LLC: ITERA Oil and Gas Company, LLC is one among the larger independent producers and marketers of natural gas in the Russian Federation. ITERA has been developing its own gas production since 1998 in the Yamalo-Nenets Autonomous District (YaNAO). The Company has invested over USD  2 billion in the development of the industry. ITERA was the first private company that commissioned gas fields in the North of Russia. All in all, over 230 billion cu m of natural gas has been produced in the fields developed by ITERA.