OREANDA-NEWS. November 30, 2012. ITERA FINANCE, LLC has carried out its obligations to redeem inconvertible interest bearing certified bearer bonds of series 01 with compulsory safekeeping, with the state registration number of the issue 4-01-36298-R dated October 11, 2007.

In accordance with the terms of the issue prospectus and the bonds issuance resolution the issuer was to redeem the bonds in full on November 20, 2012, and to pay coupon yield at the same time.

The bonded loan of ITERA FINANCE, LLC was placed on November 27, 2007. Gazprombank acted as the organizer of the issue. The Savings Bank of the Russian Federation (Sberbank), Capital Investment Company and Rosbank acted as the co-organizers. Among the underwriters were Otkrytiye, Soyuz, NRBank, Novikombank and some other companies and banks. The nominal amount of the issue was RUB 5 billion and the maturity of the issue was 5 years.

The interest rate for the last three semi-annual coupon periods (from 24.05.2011 to 20.11.2012) was 8.5% per annum.

ITERA International Group of Companies is a vertically integrated holding company which includes dozens of enterprises and companies in CIS, Baltic countries, Western Europe, Asia and the USA. Gas business has been a core business of ITERA since its inception in 1992. ITERA Oil and Gas Company, LLC, is a joint venture of OJSC NK Rosneft with a 51% stake, and companies of ITERA International Group of Companies with a 49% shareholding, one of the largest independent producers and sellers of natural gas in Russia. The Company has been developing its own production of gas in the Yamal-Nenets Autonomous Okrug since 1998 and it had invested over USD US 2 billion in the gas production industry. Overall, over 250 billion cubic meters of gas was produced in gas fields developed by Itera. The total volume of gas sold is about 600 billion cubic meters. Development, gas processing and power generation are among strategic businesses of the Group, too.