OREANDA-NEWS. March 16, 2009. Sviaz-Bank acted as paying agent for VolgaTelecom, Ltd., which contracted it to pay the tenth coupon on the company’s Series VT-4 bonds, reported the press-centre of Sviaz-Bank.

The bondholders were paid coupon interest at a rate of 7.99% per annum, or 19 rubles 92 kopecks per bond. In all, the company paid 59,760,000 rubles in coupon interest.

VolgaTelecom, Ltd., floated its Series VT-4 bond issue on September 12, 2006, to raise 3 billion rubles. The bonds have a maturity of seven years, and are traded alongside Series VT-2 and Series VT-3 bonds issued by VolgaTelecom, Ltd., as well.