HÜVITUSFOND

ANNOUNCEMENT

 

TERMS AND CONDITIONS FOR THE ISSUE OF HÜVITUSFOND XVI-SERIES BONDS

 

According to the 03.12.99 resolution of the Supervisory Board of 

the Hüvitusfond (Compensation Fund), the offer of XVI-series bonds 

will be officiated on the following terms and conditions: 

 

Type:			closed

Volume:		        EEK 20,000,000 

Number of bonds:	200,000 

Face value:		EEK 100 

Offer price:		253 EVP kroons

Yield:			10.5%(35 cents = 1 EVP)

Subscription:		27.12.1999 - 28.12.99

Base interest:		0%

Additional interest:	0%

Redemption:		17.03.2001

Value date:		30.12.1999

Investors: 	        financial institutions licensed by the 

                        Bank of Estonia, professional participants

                        of the securities market 

			licensed by the Ministry of Finance, 

			insurance companies licensed by the 

			Insurance Inspectorate, fund managers 

			licensed by the Ministry of Finance, 

			non-resident financial institutions.

  

Hüvitusfond bonds are secured with Hüvitusfond's capital stock.

 

 

Jaanus Kosemaa

Public Relations Manager

Hüvitusfond

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