News

Uralsvyazinform RUR 2 bn Bond Issue Successfully Placed

21.04.2005

On April 21, 2005 Uralsvyazinform placed its 05 series ruble bond issue.
115 bids equivalent to RUR 3.8 bln were made by investors during the auction. The first coupon rate was fixed at 9.19% p.a. The effective YTM amounted to 9.40% p.a. 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.

Anatoly Ufimkin, CEO commented on the placement results: "The placement was a success. We appreciate the high level of confidence that investors showed for the company, while reassuring of our adherence to the commitments we undertake. The funds raised from the issue will fuel the 2005 investment program which is fundamental to company’s growth 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 05 series. The bonds have nominal value of RUR1,000 (one thousand) with obligatory centralized custody. The total amount is 2 000 000 (two million) making the total value of RUR 2,000,000,000 (two 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.

For additional information, please contact IR department on tel. (007 343) 379-12-17 or e-mail: [email protected]. The most recent company information is also available at www.uralsviazinform.com or URSI_RU page in Bloomberg system.