OREANDA-NEWS. June 09, 2009. Sviaz-Bank acted as paying agent commissioned by the Far Eastern Electric Communications Company (Dalsvyaz, Ltd.) to pay interest on its sixth coupon and redeem 15% of the par value of its Series 02 bonds.

Holders of Series 02 bonds were paid coupon interest at a rate of 8.85% per annum, or 44 rubles 13 kopecks per bond, and 15% of the par value, or 150 rubles per security, in accordance with the issue redemption schedule. In all, the Bank paid 88,260,000 rubles.

The Far Eastern Electric Communications Company floated its Series 02 six-year bonds on June 7, 2006, to raise 2 billion rubles. Sviaz-Bank was the managing underwriter of the issue.