Volga | Finance, business

Kazan pays $14m coupon and amortization on bonds

9 Dec '10
Authorities in the city of Kazan, Republic of Tatarstan, have made $14.2m coupon and amortization payments on the sixth-series bonds, city officials report.

Specifically, the city authorities paid $12.7m debt amortization to redeem 25% of the bonds face value.

The city officials also made the fourth 12% coupon payment of $1.5m on the bonds.

The two-year $64m bonds were placed at MICEX in December 2009.
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