OREANDA-NEWS. November 3, 2011. On October 20, 2011, Sviaz-Bank acted as paying agent authorized by Rostelecom OJSC to pay interest on the eighth coupon of the company’s Series 14 bonds and repay the principal before maturity.

The bondholders were paid the coupon interest at a rate of 11.4% per annum, or 28 rubles 42kopecks per bond, and also 100% of the par value of the bonds. In all, the Bank paid 1,028,417,563 rubles after tax.

Rostelecom OJSC offered its Series 14 bond issue on February 15, 2011 by converting Series BO?04 bonds issued by the Southern Telecommunications Company OJSC taken over by Rostelecom OJSC.

The Southern Telecommunications Company OJSC floated its three-year Series BO-04 bonds on October22, 2009 to raise 1 billion rubles. Sviaz-Bank acted as managing underwriter of the issue.