HÜVITUSFOND

ANNOUNCEMENT

13.09.99

 

 

INTEREST RATES FOR I-, IV-, V- AND XI-SEERIES BONDS

 

Interest rate paid to the holders of Hüvitusfond I-, IV-, 

V- and XI-series bonds is 7% or 7 EEK per bond.

 

Interest payments will be made to the investors holding 

the respective bonds as of the end of the day of 24.09.1999, 

according to the data of the securities register of the 

Estonian Central Depository for Securities.

 

The interest payments are transferred to the bondholders 

accounts once a year on September 26, or the first banking 

day following that date.

Hüvitusfond will make interest payments to the holders of 

I-, IV-, V- and XI-series bonds in total amount of 8.3 million 

EEK.

 

The redemption date for I-, IV- and XI-series bonds is 26.09.2000 

and for V-series bonds 26.09.2001. Hüvitusfond will then buy 

back the bonds at nominal value, i.e. EEK 100 per bond. The 

interest payments on Hüvitusfond bonds are exempt from income tax.

 

 

Jaanus Kosemaa

Public Relations Manager

Hüvitusfond

+372 66 51 800, 824, +372 51 04 614