Sviaz-Bank Pays Interest on 5th Coupon of Series 15 Bonds of TransFin
OREANDA-NEWS. On February 24, 2014, Sviaz-Bank (Vnesheconombank Group) acted as paying agent authorized by TransFin-M LLC to pay interest on the fifth coupon of the company’s Series 15 bonds.
The bondholders were paid coupon interest at a rate of 8.5% per annum, or 42 rubles 38 kopecks per bond. In all, the Bank paid out 42,380,000 rubles in coupon interest.
The bonds will be outstanding for ten years and have a par value of 1,000 rubles each. The issue comes with a five-year buyback option.
Sviaz-Bank is the organizer and agent offering the issuer’s Series 15 bonds for sale to raise 1billion rubles.
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