North-West Telecom Makes First Coupon Payment under Its Series 6 Bond
ST.PETERSBURG, Russia (RNWire) - National Depositary Center, acting as the payment agent for JSC North-West Telecom’s bond issue 6, has paid in full the 1st coupon on the issue. The payment was made on November 5, 2009.
The rate of the 1st coupon is 11.70% per annum, RUR29.17 having been charged on each bond.
The list of the persons authorized to get a coupon yield under the bonds was made up as of October 29, 2009.
The total sum allocated for the 1st coupon payment amounted to RUR87.510 million.
The sixth issue of NWT bonds is interest-bearing documentary bearer securities with mandatory central storage, series 06 (state registration number 4-06-00119-A of October 16, 2008) which floated on MICEX on August 5, 2009. The volume of the issue is 3 billion rubles, the number of bonds is 3 million with a par value of 1 thousand rubles. The maturity period is 10 years. The coupon income on the bonds is paid on a quarterly basis. The 6th bond loan was rated by Standard & Poor’s at ruAA- and by Fitch Ratings at А+ (rus).
About North-West Telecom
OJSC North-West Telecom is the largest fixed telecommunications operator in the North-West of Russia. N.W.Telecom comprises 10 branches.
The Company provides a wide range of telecommunication services, including local and intrazonal telephone communication, services of data transmission, access to the Internet, lease of channels, etc. Besides, NWT provides access to long-distance (international) telephone communication services of telecommunication operators having relevant licenses.
The license territory of the company covers the entire North-Western Federal District, which is 1.7 million sq. km in area, with the population of 13.5 million. The installed line capacity of the telephone network is over 5 million numbers. The digitalization level of the local network is 67%. The installed capacity of broadband access equipment is over one million xDSL ports.
North-West Telecom is rapidly developing, yielding a stable income to its shareholders. Its proceeds are increasing annually, amounting to RUR 25.2 billion in 2008 (IFRS). North-West Telecom current capitalization level exceeds $386 million.
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