MOSCOW, November 15 (RIA Novosti) - Uralsvyazinform, a cable and cell phone service provider in Russia's Urals and Siberian regions, will start placing a sixth bond issue worth about $70 million November 24, the company's press service said Tuesday.
Uralsvyazinform, whose authorized capital is $143 million, said the sixth bond issue included two million bonds at a par value of 1,000 rubles each.
Russia's Svyaz-Bank is the issue's lead manager, while Deutsche Bank (Germany) and Russia's Promsvyazbank are acting as co-managers.
Uralsvyazinform will float the bonds via public subscription for six years and will redeem them by installments of 20% at par. The company will repay the first 20% of the bond issues four years after their placement and redeem the remainder every six months.
Uralsvyazinform currently has three outstanding bond issues worth 8 billion rubles (about $280 million).
