OREANDA-NEWS. March 30, 2010. Sviaz-Bank acted as paying agent for Uralsviazinform OJSC that authorized it to pay interest on the eighth coupon and redeem 20% of the par value of the company’s Series07 bonds.

The bondholders were paid coupon interest at a rate of 16% per annum, or 79 rubles 78 kopecks per bond, and 20% of the par value in accordance with the debt repayment schedule. The total amount paid ran up to 839,338,060 rubles.

Uralsviazinform OJSC floated its Series 07 six-year bond issue on March 21, 2006, to raise 3billion rubles. Sviaz-Bank was the managing underwriter of the issue.

Sviaz-Bank is an all-purpose lending and financial institution maintaining its presence in 50 members of the Russian Federation. The Bank’s regional network comprises its Head Office in Moscow, 49 branches, and 149 backup offices and mini-branches, 119 of them operating from post offices.

State Corporation "Bank for Development and Foreign Economic Affairs (Vnesheconombank)", which is a state-controlled corporation, is Sviaz-Bank’s majority owner holding 99.4666% of the Bank’s shares of stock.