OREANDA-NEWS. May 25, 2007.  Russian Railways paid the third coupon on its bonds. Total sum was 554.75 million roubles. The payment agent was TransKreditBank.

Coupons were paid on two bond issues of Russian Railways (Series 06 and 07), which were placed on 16 November 2005. Series 06 bonds mature after 5 years (1,820 days), Series 07 after 7 years (2,548 days).

The payment on the Series 06 bonds amounted to 366.5 million roubles (36.65 roubles per bond) and on the Series 07 bonds to 188.25 million roubles (37.65 roubles per 1 bond).

The coupon rates on the Series bonds 06 and 07 were set following the results of the auction and amounted to 7.35% and 7.55% per annum respectively.

At the moment, six bond issues of Russian Railways are outstanding: Series 02 and 03 with a nominal of 4 billion roubles each, Series 04, 05 and 06 with a nominal of 10 billion roubles each and Series 07 with a nominal of 5 billion roubles. Each bond issue pays a semi-annual coupon (182 days).

The bonds are traded on the secondary market at the Moscow Inter-Currency Exchange in Moscow.

For further information, see the official site of Russian Railways at: www.rzd.ru.