29 Jul 2009 13:59

Synterra: new date for bond offer August 9, 2010

MOSCOW. July 29 (Interfax) - The board of directors of telecommunications concern Synterra has named August 9, 2010 as the new date for an offer on first series bonds totaling 3 billion ruble, the company said in a statement.

The acquisition price will be 100% of par. The rate for the third and fourth coupon periods will be 17.5% annually.

Previously the offer was for August 10, 2009.

Synterra has purchased bonds totaling roughly 1 billion rubles.

Synterra is the lead company in the group that includes Peterstar, satellite operator Global Teleport, as well as several regional operators. Synterra provides services to on the inter-operator and corporate markets.

Net profit in 2008 declined 33% to $91 million under IFRS, down from $140.5 million in 2007. Revenue last year rose 17% to $527 million.

Synterra's sole owner is Promsvyazcapital, which is controlled by Alexei and Dmitry Ananyev.