Uralsvyazinform to pay coupon yield

The telecommunications provider’s Board of Directors decided to set the annual interest rate for the ninth, tenth, eleventh, and twelfth coupons of the company’s 06 bond issue at 10.5%.

Uralsvyazinform went through with this two-billion-ruble bond issue on November 24, 2005. The interest rate for the first, second, third, fourth, fifth, and sixth coupons was determined at 8.2% a year, that for the seventh and eighth coupons was set at 13% a year. This means that the interest rate for coupons 9-12 is going to be a little lower.

As a matter of fact, the company successfully went through with a new, one-billion-ruble bond issue (BO-1) on November 5, 2009. The interest rate for the first coupon was set at 10.8% a year – a lot less than the issue coordinators had initially planned.