HÜVITUSFOND

ANNOUNCEMENT

 

INTERESTS FOR HÜVITUSFOND VI-, XII-SERIES BONDS

 

Hüvitusfond will pay interest to the holders of its VI-series bonds 

in the total amount of 2.8 million EEK and to holders of XII-series 

bonds in the amount of 2 million EEK. Interest payments will be 

made to 2,791 holders of VI-series bonds and to 617 holders of 

XII-series bonds. Interest payments will be made to the investors 

holding the respective bonds as of the end of the day of 

22.01.2000, according to the data of the securities register of the 

Estonian Central Depository for Securities. 

 

Interest rate paid to the holders of Hüvitusfond VI- and XII-series 

bonds is 7% or 7 EEK per bond.

 

The interest payments are transferred to the bondholders' accounts 

once a year on January 24, or on the first banking day following 

that date. 

The redemption date for VI- and XII-series bonds is January 24, 

2002. 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.

 

In three quarters of 1999, Hüvitusfond had a profit of 76.3 million 

EEK. The fund's net asset value increased in nine months by 292 

million EEK, amounting to 1.012 billion EEK at the end of the 

period. Revenues from privatisation amounted to 258 million EEK.

 

The preliminary results of Hüvitusfond 1999 financial year will be 

published at the end of February.

 

 

Jaanus Kosemaa

Head of Public Relations

+372 66 51 800, +372 51 04 614