On February 19, 2002 CenterTelecom paid out revenue on its series 1 bond coupon, which was placed on MICEX on November 16, 2001. 

Coupon revenue calculated at Rub 57.26 per bond was paid out to the holders of 600,000 bonds with a nominal value of Rub 1,000 each.  

Under the terms of the company's irrevocable offer published in Vedomosti on January 29, 2002, on the maturity date all bondholders who accepted the company's irrevocable offer will be entitled to redeem their securities at nominal value.  Not a single bondholder exercised this option, however.  This reveals shareholders' confidence in OJSC CenterTelecom. 

OJSC CenterTelecom's bonds were placed on MICEX on November 16, 2001.  The maturity period of the bonds is 2 years.  Five coupon payments are to be made for the bond offering.  The first three coupons carry a maturity term of three months and the second three carry a term of six months.  

The second coupon, which matures on May 21, 2002, carries an annual yield of 21.5%. Under the terms of the irrevocable offer published in Vedomosti on January 29, 2002, OJSC CenterTelecom is required to redeem its bonds at par value on the maturity date of the second coupon.  

The underwriters of the bond issue are CJSC Raiffeisenbank, Austria (organizer) and co-arrangers were financial consultant AKB Moscow Business World (MDM Bank) and Troika Dialog.