OREANDA-NEWS. On June 14, 2007 Russian Railways has redeemed its Series 04 bonds and made its third and final coupon payment, reported the press-centre of  Russian Railways.

The total payment was 10,3286 billion roubles. The payment agent was TransKreditBank. The Series 04 bonds were issued on 15 December 2005 with a maturity of 18 months (546 days). The coupon rate was set by the results of the auction held on the issue day and was 6,67% per annum.

At the moment, five Russian Railways bonds are outstanding: Series 02 and 03 with a nominal value of 4 billion roubles each, Series 05 and 06 with a nominal value of 10 billion roubles and Series 07 with a nominal value of 5 billion roubles. The coupons are semi-annual and paid every 182 days.

Russian Railways bonds are traded on the secondary market at the Moscow Intercurrency Exchange (MICEX).