14 May 2004 22:36
VEB pays $203.4 mln on MinFin, OGVZ coupons (Part 2)
MOSCOW. May 14 (Interfax) - Vnesheconombank (VEB), the Finance Ministry's main payment agent, paid $203.43
million on Friday for MinFin tranches V-VII 2004 coupons and biannual coupons on OGVZ bonds issued in 1999, VEB
reported.
All payments were made at 3% annually in accordance with the issue terms for MinFins and 1999 OGVZ bonds.
Coupon payments were made to MinFin V-VII holders that submitted bonds independently or through depositories to VEB
by May 7 2004 and to holders of MinFin V-VII held in the VEB depository. The 1999 OGVZ issue is fully centralized and
serviced in the VEB depository, the bank said.
MinFin V-VII holders that did not submit bonds on time can dow so from May 17 2004 and over the next 10 years.
Earlier, the VEB depository told Interfax that $2.65 billion worth of fifth tranche MinFin bonds had been submitted
(98.6% of the total amount in circulation), $1.75 billion of sixth tranche bonds (99.97%), and $1.74 billion of seventh
tranche bonds (99.2%).
The bonds mature in 2008 for MinFin V, 2006 for MinFin VI, and 2011 for MinFin VII.
OGVZ bonds issued in 1999 total $887.97 million and mature in 2007. [RU ASIA EUROPE EEU EMRG GVD ECI BNK] me
[Interfax] |
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