OREANDA-NEWS. OAO NK “Russ Neft” has paid 332,84 million rubles on account of the 3rd bound coupon of the 1st series, says the message of the oil company. The coupon yield per 1 bond par value 1000 rubles amounted to 46,12 rubles.

“Russ Neft” has placed the 1st series bonds for 7 billion rubles in December, 2005. Maturity of   the bonds amounts to five years, the coupon is payable once in half a year.

The rate of the first coupon (the rates of coupons 2-6 are equivalent to it) was determined at the tender in amount of 9,25% p.a. The rate of coupons 7-10 shall be determined by the emitter.

The company placed the bonds with the purpose of attracting long-term financing on favorable terms and repayment of the existing short-term obligations of Russian banks.

“RussNeft”  is numbered among the ten top oil companies of the RF. In 2006, according to the data from CPD of F&EC, the company produced 14.76 million tons of oil.

The company is headed by Mikail Gutseriev, who is the principal beneficiary of the company.