Sviaz-Bank Pays Interest on 5th Coupon of its Series 04 Bonds
OREANDA-NEWS. October 29, 2014. Sviaz-Bank paid the full amount of interest due on the fifth coupon of its Series 04 bonds (official issue registration number 40401470B of August5, 2011) exactly on time.
The bondholders were paid coupon interest at a rate of 9.75% per annum, or 48 rubles 62 kopecks per bond. In all, the Bank paid 243,100,000 rubles in coupon interest.
Sviaz-Bank offered its fourth bond issue by public subscription on the MICEX Stock Exchange on April 25, 2012. On that day, the Bank sold 5 million securities at a par value of 1,000 rubles each. Each bond has 20 attached coupons each paying interest at the end of its 182 days’ period.
The Fitch Ratings Agency has awarded the BB long-term rating in the national currency and the АА (rus) long-term rating on the national scale to Sviaz-Bank’s Series 04 bonds.
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