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The fourteenth coupon interest rate was approved by the Company's Board of Directors (Minutes N 11 dated 18 October, 2005) at 10.0% per annum. Total amount of the fourteenth coupon yield payable under all UTK series 4 bonds was RUR62,350,000. The fourteenth coupon payment per bond amounted to 12.47 rubles. The record date of the register of the holders of UTK series 4 bonds entitled to receive the coupon income was June 3, 2009.
At the same time the Company redeemed in full the fifth part (25 percent) of the nominal val-ue of UTK series 4 bonds in the amount of 1,250,000,000 rubles.
Information about the bond issue:
The Bond issue is for a total of RUR 5 bln, face value of each bond of the issue is RUR 1,000. The Bond issue provides for 16 coupon periods of 91 days each. During the competition held on the starting day of the bond placement the first coupon interest rate was set at 10.5% per annum, with effective yield to maturity at 10.5%. The interest rates on the second, third and fourth coupons are equal to the first coupon interest rate. The inter-est rate on the coupons from 5th to 16th is fixed by the Issuer at 10.0% per annum. The coupon yield is accrued on the unredeemed part of a bond's nominal value. Under the terms of the Decision of the bond issue, it is as-sumed that the face value of each 4-series bond will be redeemed consistently by installments within the follow-ing deadlines: on the fourth coupon payment date each bond is to be redeemed partly at 10% of its face value; on the sixth coupon payment date each bond is to be redeemed partly at 15% of its face value; on the eighth coupon payment date each bond is to be redeemed partly at 10% of its face value; on the tenth coupon pay-ment date each bond is to be redeemed partly at 15% of its face value; on the fourteenth coupon payment date each bond is to be redeemed partly at 25% of its face value; on the sixteenth coupon payment date each bond is to be redeemed at the remaining 25% of its face value.
CJSC "AVK Investment Company" acts as the Financial Consultant for the series 4 bond issue. The National Depository Center acts as the Payment Agent and Depository providing for the centralized custody of the Bond issue. Underwriter of the issue is LLC "UTK-Finance". Additional information on UTK series 4 bond issue can be viewed at http://www.stcompany.ru/investor/bumagi/oblig04.
About Southern Telecommunications
Southern Telecommunications Company PJSC, or UTK, is the principal provider of fixed line telecommunica-tions for Russia's Southern Federal District, a region covering 521.9 ths sq km with population of 18.4 million people. "UTK" PJSC provides various telecom services of local and intra-zonal telephony, broad range of val-ue-added services (VAS) based on new technologies (services of Internet, VPN, CTV and others). Q1 2009 operating revenue of "UTK" PJSC is up 4.6% over Q1 2009 to 5,336.8 million rubles. Number of lines per em-ployee is up 4.7% to 158.9 lines. Internet broadband access subscriber base includes 405.4 thousand users as of 1 April 2009.
UTK is a subsidiary of Svyazinvest holding which owns 38% of the Company's authorized capital. UTK shares are traded in the Classic (KUBN; KUBNP) and Stock (KUBNG; KUBNPG) Markets of OJSC "RTS", in the stock section of the Moscow Interbank Currency Exchange (MICEX) (UTEL; UTELP). One unit of American Deposi-tary Receipt of "UTK" PJSC represents 50 common shares of the Company. UTK ADRs are traded in the US over-the-counter market (STJSY), and quoted in the over-the-counter market of Frankfurt and Berlin Stock Ex-changes (KUE) and NEWEX (KUE).
Additional information about the Company can be accessed on the website at www.stcompany.ru, in the Information Disclosure System SKRIN Issuer, in the portal www.cbonds.info as well as in KUBN_RU of the systems Bloomberg and Reuters.
CONTACT: Vyacheslav Plehanov, UTK Information Department Tel: +7 861 253 20 30 e-mail: v.plehanov@mail.stcompany.ru Irina Trotsko, UTK IR Team Tel: +7 861 251 66 46 e-mail: i.trotsko@mail.stcompany.ru Inna Goncharova, UTK PR Team Tel: +7 861 259
((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
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