HÜVITUSFOND

ANNOUNCEMENT

04.05.99

 

INTEREST RATE FOR III-SERIES BONDS 

 

For previous period, Hüvitusfond will pay to the holders of III-

series bonds H1 1998 approved interest rate of 7% + 1.94% for 44 

accounting days, and H2 1998 approved interest rate of 7% for 316 

accounting days.

 

Interest will be paid to the investors holding the respective bonds 

as of the end of the day of May 15, 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 May 17, or the first banking day following that date.

 

The maturity date of III-series bonds is May 17, 2001. Hüvitusfond 

will then buy back the III-series bonds at nominal value, i.e. EEK 

100 per bond.

 

On May 17, Hüvitusfond will make interest payments to the bondholders 

in total amount of 2.894 million EEK. In 1999, Hüvitusfond has paid 

to the bondholders a total amount of interest 9.2 million EEK. 51% of 

interest payments (54.2 million EEK) were made in 1998 and 1999.

 

Interest income received from Hüvitusfond bonds is exempt from income 

tax.

 

 

Andres Laisk

PR Manager

Hüvitusfond

Tel +372 66 51 812