OREANDA-NEWS. June 11, 2009. Sviaz-Bank acts as paying agent authorized by the Novorossiisk Administration to pay interest on the second coupon of its Series 34001 bonds

On June 9, 2009, Sviaz-Bank acted as paying agent for the Novorossiisk City Administration that commissioned the Bank to pay the second coupon of its Series 34001 bonds.

The bondholders were paid coupon interest at a rate of 13%, or 32 rubles 41 kopecks per bond. In all, the Bank paid 9,723,000 rubles in interest on the first coupon.

The Novorossiisk City Administration floated its first Series 34001 three-year bonds on December 12, 2008, to raise 300 million rubles. Sviaz-Bank acted as the managing underwriter of the issue.