OREANDA-NEWS. March 30, 2010. Sviaz-Bank acted as paying agent authorized by Sibirtelecom OJSC to pay interest on the ninth coupon of its Series 06 bonds.

The bondholders were paid coupon interest at a rate of 9.75% per annum, or 48 rubles 62 kopecks per bond. In all, the Bank paid 97,239,956 rubles in coupon interest.

Sibirtelecom OJSC floated its Series 06 five-year bonds on September 22, 2005, to raise 2 billion rubles. Sviaz-Bank was the managing underwriter of the issue.

Sviaz-Bank is an all-purpose lending and financial institution maintaining its presence in 50 members of the Russian Federation. The Bank’s regional network comprises its Head Office in Moscow, 49 branches, and 149 backup offices and mini-branches, 119 of them operating from post offices.

State Corporation "Bank for Development and Foreign Economic Affairs (Vnesheconombank)", which is a state-controlled corporation, is Sviaz-Bank’s majority owner holding 99.4666% of the Bank’s shares of stock.