Seventh Continent Announces 2nd Coupon Payment on CP-01 Papers
OREANDA-NEWS. December 21, 2009. JSC "The Seventh Continent" (further referred to as the Company), fully made second coupon payment on CP-01 series commercial papers, reported the press-centre of The Seventh Continent.
Annual interest coupon rate is 15.5%. According to the terms of issue the coupon is paid every 3 months.
On June 19, 2009, the Company has placed commercial papers raising 5.8 bn. rubles. Commercial papers issue was placed by open subscription on the MICEX, the issue conditions provide principal debt amortization by 20% of par value during the following periods: 364th, 455th, 546th, 637th, 728th day from date of placement, maturity is 2 years.
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