print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases  UTK REGISTER LOG IN

Press Releases > UTK  all about the company

company search
all press releases
all UTK press releases

UTK

November 25, 2008

UTK bonds included into the Lombard List of the Central Bank of Russia

Krasnodar, November 25, 2008: Southern Telecommunications Company (“UTK”) [(RTS: KUBN, KUBNP; ĚICEX: UTEL, UTELP; ADR OTC: STJSY, KUE FRA)], the principal fixed-line telecommunications provider for Russia’s Southern Federal District reports that pursuant to the Decision of the Board of Directors of the Central Bank of the Russian Federation dated 28 October 2008, the Company’s series 04 and series 05 bond issues with state registration numbers of 4-08-0062-Ŕ and 4-09-0062-Ŕ accordingly, have been included into the Lombard List of the Central Bank of Russia.

This decision became possible due to effective financial policy of Southern Telecommunications Company and due to successful cooperation with rating agencies. Inclusion of the Company’s bonds into the Lombard List of the Central Bank of the Russian Federation proved the correctness of the UTK’s strategy on development of the secondary securities market, making it possible to extend the circles of potential investors.

Deputy Director General – Director for Economics and Finance of Southern Telecommunications Company Alexander Dobryakov noted that this fact characterized the bonds as a reliable instrument to cover the Company’s liabilities under credits. Inclusion of the Company’s bonds into the Lombard List of the Central Bank of the Russian Federation showed that the Central Bank of Russia considered the credit quality of UTK to be satisfactory, thus contributing to further enhancement of the liquidity of the bonds.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer