OREANDA-NEWS. On 19 June 2008 was announced, that ITERA FINANS, LLC effected the payment of the coupon yield on inconvertible interest-bearing documentary bonds for the first coupon period on May 27, 2008.

The profit paid out to bondholders was Russian Rubles (RR) 259’300’000 or RR 51.86 per each security with a par value of RR1 thousand each, which was equivalent to an annual coupon rate of 10.4%.

The placement of ITERA FINANS bonds with a nominal value of RR5 billion was effected on November 27, 2007. ITERA Oil and Gas Company, LLC was a guarantor on the bonds’ issue.

Funds received from the bonded loan were used to refund the ITERA Oil and Gas Company, LLC credit portfolio.

Since the beginning of the secondary circulation of ITERA FINANS, LLC bonds at Moscow Interbank Currency Exchange (MICEX) the volume of trading exceeded RR 5 billion; the latest transactions were made at 100.3% the par value.