OREANDA-NEWS. August 10, 2010.  Synterra redeemed 1 947 197 of series 1 bonds at a par value of RUB 1000, thus paying back 65% of the overall RUB 3 bn bond issue and spending a total of some RUB 2 bn on the bind retirement. The 5-year series RUB 3 bn series 1 bond issue was placed by open subscription on the MICEX in August 2008.

The issue was arranged by Promsvyazbank and Deutsche Bank. The bond has ten 6-month coupons. The first coupon rate was defined at placement at 11%; the second coupon rate was set at an equal level. Coupons 3-4 were set at 17.5%, and coupons 5-10 at 0.01%. In August 2009, Synterra redeemed just slightly over 33% of the bond for RUB 1.02 bn. The bond matures on 1 August 2013.