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Uralsvyazinform

November 4, 2004

Uralsvyazinform’s RUR3 bn bond issue successfully placed

Ekaterinburg – November 04, 2004 – Uralsvyazinform (RTS and MICEX: URSI/URSIP) the leading carrier of fixed-line and mobile services in Urals region, Russia reports on the successful placement of its 4th series bond issue worth RUR3bn.

On November 04, 2004 the ruble bond issue of Uralsvyazinform was placed at the equity market section of Moscow Interbank Currency Exchange.

158 bids equivalent to RUR 4,588.4 mln were made by investors during the auction. The first coupon rate was fixed at 9.99% p.a. The effective YTM amounted to 10.24% p.a. In the course of the auction 98 bids were satisfied. The issue was placed in full.

The issue managers are Industry and Construction Bank (St-Petersburg) and Rosbank. Svyaz-Bank is mandated as co-manager. The issue coordinator is Svyazinvest.

Vladimir Rybakin, CEO commented on the placement results: "The placement was a success as the targeted cost of raised funds was met as planned. We appreciate the high level of confidence that investors showed for the company, while reassuring of our adherence to the commitments we undertake, both then and looking forward. The funds raised from the issue will fuel the investment program that underpins the company’s growth rate and helps strengthen our market positions. Further, restructuring the debts of the company should contribute to lower debt costs".

 

Issue parameters: non-convertible interest-bearing documentary bearer bonds of 04 series. The bonds have nominal value of RUR1,000 (one thousand) with obligatory centralized custody. The total amount is 3 000 000 (three million) making the total value of RUR3,000,000,000 (three billion). The bonds are redeemed on the 1092th day since the first placement day. The coupons are paid semi-annually. Early repayment is not provided. The bonds are placed through a public subscription.

 

 

 

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