HÜVITUSFOND

ANNOUNCEMENT

02.12.99

 

INTEREST RATES FOR X-SERIES BONDS

 

Interest paid to the holders of Hüvitusfond X-series bonds is 8.7% 

or EEK 8.7 per bond.

 

Interest paid to the holders of Hüvitusfond X-series bonds is based 

on interbank moneymarket's 3-months Talibor, plus 1.5% fixed 

interest. Talibor is fixed by Hüvitusfond four times per year, at 

the end of each quarter. 

Hüvitusfond will pay 19.63% of interest for 21 accounting days of 

Q4 1998, 8.95% for Q1 1999, 8.1% for Q2 1999 and 7.4% for Q3 1999, 

and 7.4% for 69 accounting days of Q4 1999.

     

Interest payments will be made to investors holding the respective 

bonds as of the end-day of 08.12.1999, 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 December 10, or the first banking day following that 

date. Hüvitusfond will make interest payments to the holders of 

X-series bonds in total amount of 5.2 million EEK. Interest 

payments will be made to 965 bondholders.

 

The redemption date for X-series bonds is 10.12.2000. Hüvitusfond 

will then buy back the bonds at nominal value, i.e. EEK 100.00 per 

bond. Interest payments on Hüvitusfond bonds to private persons are 

exempt from income tax.

 

 

Jaanus Kosemaa

Public Relations Manager

Hüvitusfond

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