On June 28, 2002 the Board of Directors of Uralsvyazinform adopted a decision to proceed with the placement of a loan bond worth Rub 1 bn, and approved a Resolution to issue the bond and the issue prospectus of said bond.   

The following guidelines for the issue have been made public: non-convertible interest-bearing coupon bonds pay-to-bearer series 2 bonds to be held in mandatory centralized custody.  The total number of units is 1,000,000 with a nominal value of Rub 1,000 each, a maturity term of 1,080 days from the date of placement.  The total value of the issue is Rub 1,000,000,000 (one billion).  The issue is to be placed via public subscription.  

Bond profit consists of the coupon yield accrued and payable per each coupon period, and the discount in the form of the difference between the redemption price (nominal value) and the placement price, which is to be approved by the Board of Directors 10 days prior to the placement and shall be published in Vedomosti, and/or Izvestiya and/or Commersant.  The bond carries a 17.5% annual interest.  A total of 12 coupons are to be in circulation during the bond's life.  

The bond is to be placed through the arranger of the trade venture, ZAO Moscow Inter-Bank Currency Exchange (MICEX).  The beginning date of the placement shall be announced following state registration of the bond issue with the Federal Securities Committee of the Russian Federation. The placement is to begin no earlier than two weeks following the publication of information in the Appendix to the Herald of the Federal Securities Committee of the Russian Federation and the newspapers Vedomosti, and/or Izvestiya and/or Commersant. 

The exclusive arrangers and leading managers for preparation and placement of the loan bond are investment groups Renaissance Capital and Veb Invest Bank.  OJSC Svyazinvest acts as the coordinator of the venture.