OREANDA-NEWS. Power Machines OJSC has paid the coupon yield on Series 02 bonds for the first coupon period. The amount of the coupon yield paid per bond for the first coupon period at a rate of 8.10% per year is 40.39 rubles. The total coupon yield paid amounts to 403.9 million rubles.

The yields have been paid in cash in the currency of the Russian Federation by bank transfer.

Series 02 bonds were placed at the Moscow Stock Exchange (MICEX OJSC) in October 2013 by public subscription in the amount of 10 million shares with a total nominal value of 10 billion rubles having a maturity of 10 years with a possibility of early redemption upon holders’ request and at the issuer's discretion.

On March 28, 2014 the Moscow Stock Exchange made decision to transfer Series 02 bonds from the Non-Listed Securities List category to the first-level Quotation List A category of the Listed Securities List. The change became effective on April 01, 2014.

Let us also recall that the Moody’s international rating agency assigned the following corporate credits ratings to Power Machines OJSC: Ba1 international scale rating and Aa1.ru national scale rating. The ratings outlook is stable.

Power Machines have obtained the ratings in accordance with the corporate program for stock market operations, including the bond issue involvement.

The obtained ratings prove that Power Machines is a reliable borrower, having a strong impact and a stable position in the sector of power machine building, a balanced financial policy, sustainable operational growth, robust risk management practices and a qualified team of managers.