UTair Finance Redeems Bonds for 3 Billion Rubles

On April 29 UTair Finance fulfilled its obligations on bond series BO-06 and BO-07 on request of their owners in accordance with the original terms of public offering with an option for further bond circulation. A total of 2,594,793 bonds with a nominal value of 2,594,739,000 rubles were redeemed.

“Timely debt service is an essential part of UTair’s strategy,” said UTair Aviation CFO Igor Petrov. “UTair has yet again proven its reputation as a reliable lender and a responsible partner in productive, long-term cooperation with investors”. The BO-06 and BO-07 bonds series were issued on the MICEX-RTS stock exchange on April 25, 2012.

The total nominal value of bonds issued amounts to 3 billion rubles, with a circulation period of 3 years and coupon period of 91 days. The coupon rate announced for coupon periods 9 through 12 is 12.00% annually. UTair Aviation has acted as the guarantor of the loan. The bond issue was organized by Broker Company REGION and Rossiya Bank.