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UTK

September 29, 2003

Placement of "UTK" PJSC bonds worth RUR 1.5 billion with interest rate being 14.75% per annum is completed

On 18 September 2003 placement of "UTK" PJSC series 01 non-convertible interest-bearing documentary pay-to-bearer bonds with par value of 1000 rubles each and mandatory centralized custody was performed on the MICEX Stock market section.

Volume of bond placement is RUR 1.5 billion, the term to maturity is 1,092 days (3 years) with half-year fixed coupon and offer for the redemption - 1 year from the date of placement at 100 % of the par value. During the auction determining the interest rate of the first coupon 91 proposals valued at RUR 2.352 billion were made. 75 proposals were satisfied during the tender, and the bond issue was placed in full. According to the results of the tender, the interest rate on the first coupon made up 14.24% per annum and effective profitability vs. repayment and vs. the annual offer was fixed at 14.75%. The interest rates on the second-sixth coupons are equal to that on the first coupon.

On 19 September 2003 "UTK" PJSC Board of Directors approved the report on <./p>the results of the series 01 interest-bearing non-convertible pay-to-bearer bond issue with mandatory centralized custody, and on 29 September 2003 the report on the results of the bond issue was presented to Federal Commission on Securities' Market of Russia for registration.

The Non-Profit Partnership "National Depository Center" allocated ISIN RU0009071088 for the mentioned bonds to be used in NDC system as depository code.

 

 

 

 

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