Krasnodar, 14th September 2006 – Southern Telecommunications Company (“UTK”) (RTS: KUBN; OTC: STJSY), the principal telecommunications provider for Russia’s Southern Federal District, reports that on 14th September 2006 the Company redeemed the nominal value of UTK series 01 bonds (UTK-01?b., ISIN RU0009071088) to the amount of 1,500,000,000 (one billion five hundred million) rubles.
At the same time the Company paid out in full the sixth coupon income on the bonds Under the Decision of the Company’s Board of Directors (Minutes N 19 dated 29 May 2003) total amount of the sixth coupon yield to be paid under all UTK series 01 bonds made 14.24% annual rate or 106,500, 000 (one hundred and six million five hundred thousand) rubles. The coupon income on one bond amounted to 71.00 (seventy-one) rubles.
The cut-off date of the register of the holders of UTK series 01 bonds entitled to receive the sixth coupon was 6th September 2006.
Payment agent of series 01 bond issue is NP "NDC".
Information about the bond issue:
Volume of the issue of UTK series 01 non-convertible interest-bearing documentary pay-to-bearer bonds is RUR 1.5 billion, the term to maturity is 3 years (1,092 days) with half-year fixed coupon (182 days) and offer for the redemption – 1 year from the date of placement at 100 % of the par value. The interest rate of 14.24% per annum on the first coupon was fixed at the bond placement (September 18, 2003, MICEX). The interest rates on the second, third, fourth, fifth and sixth coupons are equal to the first coupon interest rate. State registration number of the bond issue is 4-05-00062-A of August 15, 2003; trade codes are UTK-01ob., ISIN RU0009071088. Organizers are Promishlenno-stroitelniy bank, Renaissance Broker. Co–organizers of the bond issue are Bank "Zenit", MDM-Bank, Bank Ingosstrakh-Soyuz, Transcreditbank, Vneshtorgbank. Renaissance Capital acts as Financial Consultant. Underwriter is CJSC "Management Company “Baltic Financial Agency". Additional information on UTK 01-series bond issue can be viewed here.
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