OREANDA-NEWS. Russian Railways has redeemed its Series 04 bonds and made its third and final coupon payment.

The total payment was 10,3286 billion roubles. The payment agent was TransKreditBank. The Series 04 bonds were issued on 15 December 2005 with a maturity of 18 months (546 days). The coupon rate was set by the results of the auction held on the issue day and was 6,67% per annum.

At the moment, five Russian Railways bonds are outstanding: Series 02 and 03 with a nominal value of 4 billion roubles each, Series 05 and 06 with a nominal value of 10 billion roubles and Series 07 with a nominal value of 5 billion roubles. The coupons are semi-annual and paid every 182 days.

Russian Railways bonds are traded on the secondary market at the Moscow Intercurrency Exchange (MICEX).