OREANDA-NEWS  On 19 December was announced, that on December 18th, 2008 JSC “The Seventh Continent” (further referred to as the Company), fully made third coupon payment on bonds (02 series, registration number 4-02-00462-H dated 26/12/2006).

Annual interest coupon rate is 7,8%. According to the terms of issue the coupon is paid semi-annually. Total amount of coupon payment comprised 544,46 mn. rubles.

On December 20th, 2007 the Company has made first coupon payment in the amount of 272,23 mn. rubles.

On June 19th, 2008 the Company has made second coupon payment in the amount of 272,23 mn. rubles.

On June 21, 2007, the Company has successfully placed 5 year bonds raising 7 bn. rubles. The bond issue was placed by open subscription on the MICEX, the interest rate for the coupons 1-6 was set 38,89 rubles per bond or 7,8% per annum.