Press release
Krasnodar, October 22, 2009: Southern Telecommunications Company (UTK) [(RTS: KUBN, KUBNP; ÌICEX: UTEL, UTELP; ADR OTC: STJSY, KUE FRA)], the largest fixed-line operator in the territory of the Southern Federal District of Russia, hereby announces that the company placed its BO-04 exchange-traded bonds worth RUR 1 bln with mandatory centralized storage on October 22, 2009
The issue was placed by way of open subscription in a single day with strong interest on the part of investors. At the time of the placement the coupon rate was set at 11.40%. All in all, 42 bids were placed and the issue was oversubscribed by 50%.
The arranger of the issue was Svyaz-Bank.
The co-underwriters for the issue included Otkritie investment bank, Globexbank, Regio, Novocombank, Dostoyanie, Kapital, Megatrustoil, Promsvyazbank, RON-Invest, Russian Popular Bank and Uglemetbank.
Parameters of BO-04
|
Parameter |
Characteristic |
|
Identification number |
4B02-04-00062-A dated09.10.2009 |
|
Form of placement |
Tender to determine interest rate on first coupon |
|
Method of placement |
Open subscription |
|
Arranger of placement |
Svyaz-Bank |
|
Beginning date of placement |
October 2, 2009 |
|
Number of securities to be placed |
1,000,000 |
|
Par value, RUR |
1,000 |
|
Total amount of issue, RUR |
1,000,000,000 |
|
Maturity |
1092nd day from the date of placement |
|
Interest rate on coupons |
Interest rates on the second to twelfth coupons equal to the first coupon |
|
Call option |
Call option provided for on end date of eighth coupon period |
