HÜVITUSFOND

ANNOUNCEMENT

08.06.99

 

INTERESTS FOR IX-SERIES BONDS

 

Interest rate paid to the holders of Hüvitusfond IX-series bonds is 

14.019% or 14.019 EEK per bond. Hüvitusfond will make interest payments 

to the bondholders in total amount of 6.449 million EEK. The interest 

payments on Hüvitusfond bonds are exempt from income tax. 

 

The basis for interest rate paid to the holders of IX-series bonds is 

inter-bank money market’s 3 months Talibor, plus 1.5% fixed interest 

rate. Talibor is fixed by Hüvitusfond 4 times a year, at the end of 

each quarter. The interest rate paid for 13 accounting days of Q2 1998 

is 11%, for Q3 1998 18.25% and for Q4 1998 19.63%. The interest rate 

paid for Q1 1999 is 8.95%. The interest rate of 8.95%, which was 

approved for Q1 1999, will also be applied for 77 accounting days of Q2 

1999. 

 

Interest will be paid to the investors holding the respective bonds as 

of the end of the day of June 16, according to the data of the 

securities register of the Estonian Central Depository for Securities. 

The interest payment will be transferred to the accounts once a year on 

June 18, or the first banking day following that date.

The maturity date of IX-series bonds is June 18, 2002. Hüvitusfond will 

then buy back the IX-series bonds at nominal value, i.e. EEK 100 per 

bond. 

 

	

Andres Laisk

Tel +372 6 651 812