Sviaz-Bank Acts as Agent to Pay Interest on Bonds of TransFin
OREANDA-NEWS. March 13, 2012. Sviaz-Bank acted as paying agent authorized by TransFin-M LLC to pay interest on the first coupon of the company’s Series 15 bonds, reported the press-centre of Sviaz-Bank.
The bondholders were paid coupon interest at a rate of 8.5% per annum, or 42 rubles 38 kopecks per bond. The Bank paid 42,380,000 rubles in coupon interest in all.
The issue has a maturity of ten years, and its bonds sell at a par value of 1,000 rubles per security. The issue offers a five-year buyback option.
Sviaz-Bank is the managing underwriter and agent named to place the issuer’s Series 15 bonds to raise 1 billion rubles.
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