OREANDA-NEWS. December 9, 2011. ITERA FINANCE, LLC has paid up coupon yield on inconvertible interest-bearing documentary bonds for the eighth coupon period on November 22, 2011.

The level of income paid to bondholders was Rubles 169 646 292.4 or Rubles 42.38 per each security with a face value of Rubles 1 000 each. This corresponded to a coupon rate of 8.5% a year.

Placement of ITERA FINANCE’ bonds with a face value of Rubles 5 billion took place on November 27, 2007. ITERA Oil and Gas Company, LLC acted as a guarantor for the offering.

Funds received in result of the debenture issue were allocated to finance the credit portfolio of ITERA Oil and Gas Company, LLC.

ITERA FINACE is involved in raising money in the Russian stock market by way of issue of debt security with a view of financing ITERA Oil and Gas activities.

ITERA Oil and Gas Company is one of the large independent producers and sellers of natural gas in the Russian Federation. ITERA has been developing its natural gas production in the Yamalo-Nenetz Autonomous District since 1998. The Company has invested over USD  2 billion in development of the gas industry. ITERA was the first private company to commission gas fields in the North of Russia. ITERA has produced about 250 billion cu m of natural gas at the gas fields it had developed.