OREANDA-NEWS  On 14 November was announced, that OJSC PAVA effected its 8th coupon payment on the bond loan.

The interest rate of the 8th coupon for the second bond issue was set at 12.5 % per annum.

The total payment for the 8th coupon period amounted to RUR12,444,468.78. Since the 1st till the 8th coupon periods the company has paid off RUR196,918,468.66. The 8th coupon yield paid per one bond is RUR30.82.

According to the schedule, payment on the 9th coupon, series 02, will be effected on February 3, 2009.

The main parameters of the bond loan are: non-convertible interest-bearing documentary bearer bonds; series 02 subjected to mandatory centralized custody; 1,000,000 bonds with par value RUR1,000 each. The maturity date is on the 1,800th day since the date of placement.