Russia's Federation Securities Commission registered the issue of Dalsvyaz 4-8 series interest-bearing pay-to-bearer non-coupon telecommunications bonds on February 21, 2002.  

The issue carries a value of Rub 14 mn, with 400 securities in each series worth Rub 7,000. 

The bond issue was held in the city of Vladivostok from March 14 to May 8, 2002.  During this period of time the bonds were sold to individuals and legal entities.  The bonds are redeemable during the year when telephones are installed and the all funds raised are to be used for upgrading and expanding the Vladivostok municipal telephone network.