Companies@UA: База компаний Украины

Kyiv, August 3 (Interfax-Ukraine) – OJSC Ukrtelecom has bought back 20% of its B series bonds worth UAH 50 million, according to a statement on the company's official Web site.

The company bought the bonds at a face value of UAH 1,000 each.

As reported earlier, Ukrtelecom in July 2008 issued B series bonds worth UAH 250 million with a face value of UAH 1,000 per bond and at an annual yield of 15% for the first 12 months of circulation.

The bond issue conditions foresee a quarterly payment of the yield and an annual at-par buy-back offer.

The bonds are to mature on July 25, 2011.

OJSC Ukrtelecom holds the monopoly on Ukraine's fixed communications market. As of today, the state owns 92.79% of the stocks in the company, while 7.14% of its stocks were sold to employees via a closed subscription.

In the first half of 2009 the company saw its net loss rise by 21.8% year-on-year, to UAH 124.13 million, its net income rose by 0.8%, to UAH 3.294 billion.