5 Nov 2009 15:28

Uralsvyaz bonds yield 10.8% pa

MOSCOW. Nov 5 (Interfax) - The first coupon on 1 billion rubles in first-series exchange bonds placed by Urals fixed-line provider Uralsvyazinform yielded 10.8% pa at Thursday's auction, the company said.

The company forecast the first coupon on the three-year bonds would yield 11%-11.5%.

The bonds are being issued to refinance debt.

Uralsvyazinform plans to issue 10 billion rubles in exchange bonds in 2009-2010.