Sviaz-Bank Acts as Paying Agent for Uralsviazinform
OREANDA-NEWS. May 31, 2010. Sviaz-Bank acted as paying agent authorized by Uralsviazinform OJSC to pay interest on the ninth coupon and redeem 20% of the par value of the company’s Series 06 bonds, reported the press-centre of Sviaz-Bank.
The bondholders were paid coupon interest at a rate of 10.5% per annum, or 41 rubles 88 kopecks per bond, and also 20% of the securities’ par value. In all, the bondholders were paid 156,012,253 rubles 88kopecks.
Uralsviazinform OJSC floated its six-year Series 06 bond issue on November 24, 2005 to raise 2 billion rubles. Sviaz-Bank acted as the managing underwriter of the issue.
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