News
18.05.2009
Russia. OJSC PAVA fulfills obligations on the bond repurchase date
On May 6, 2009 OJSC PAVA successfully fulfilled its obligations on the bond loan of series 02. 293,618 bonds to the amount of RUR293,618,000 were presented for repayment, which accounts for 29.36% of the total volume of the second issue.
On May 6, the grain processing company fully satisfied all requests for bonds repayment, which was another proof of its reliability on the market of public borrowings. The 5-year loan of RUR 1 bln. was issued in 2006.
To recap, the next date of repurchase is scheduled for August 4, 2009. The coupon rate was increased from 12.5% to 19%. According to the company investment memorandum, the coupon yield is paid to bondholders on a quarterly basis.
PAVA
