OREANDA-NEWS. On February 03, 2009 PAVA PLC was reported to have fully paid the ninth coupon on its Series 02 bonds at the time it had promised, with Sviaz-Bank acting as its paying agent, reported the press-centre of Sviaz-Bank.

The company’s bondholders were paid coupon interest at a rate of 12.5% per annum, or 30 rubles 82 kopecks per bond. To pay the coupon, the company expended 12,447,550 rubles 78 kopecks in all.

PAVA PLC floated its second bond issue on November 16, 2006. Under the issue terms, it offered two options, the first of which came due on May 13, 2008, and the second is due on May 6, 2009. The bonds were issued to raise a total of 1 billion rubles and have a maturity of five years.