OREANDA-NEWS. December 21, 2009. Sviaz-Bank acted as paying agent authorized by the Administration of Novorossiysk to pay interest on the fourth coupon and redeem 10% of the par value of its Series 34001 bonds, reported the press-centre of Sviaz-Bank. 

The bondholders were paid coupon interest at a rate of 13% per annum, or 29 rubles 49 kopecks per bond, and 10% of par value in accordance with the issue redemption schedule. A total of 38,847,000 rubles was paid out.

The Administration of Novorossiysk floated its first-ever three-year Series 34001 bond issue on December 12, 2008, to raise 300 million rubles. Sviaz-Bank acted as the managing underwriter of the issue.