23.03.2007 /Investing
 Yield of initial offering of A-series bonds of LLC "Nikopol Steel Tubes Plant "UÒ&ST" amounts to 14.5% per annum
On March 22, 2007, managing issue underwriter JSCIB «UkrSibbank» initiated an A-series bonds placement of CJSC «Nikopol Steel Tubes Plant «UÒ&SÒ». Single yield of A-series bonds placement of CJSC “Nikopol Steel Tubes Plant «UÒ&SÒ» is fixed at the rate of 14.5% per annum. Yield of offering was determined by the Issuer based on the investors’ applications, which volume has exceeded that of A-series bonds issue by 1.5 times, which enabled to lower it by 0.5 % respectively to the nominal yield (15%). Yield of initial offering is the same for all the investors for the whole period of initial placement. Initial offering started March 22, 2007 and will continue till January 22, 2008, or until the last bond being placed. Basic issue performances: - Emission volume: UAH 50 000 000.00;
- Nominal value per bond: UAH 1 000;
- Coupon yield for the 1st-4th coupon periods: 15% per annum in UAH, interest rate for the other periods is to be determined by the Issuer, but may not be less than 3% per annum in UAH;
- Coupon period: 91 days;
- Premature sale of bonds: possible upon termination of the 4th and 8th coupon periods;
- A-series – UAH 50 000 000.00;
- Period of application submission: since March 15, 2007 till March 21, 2007
- Circulation period – 36 months: since March 22, 2007 till March 18, 2010;
- Depositary: OJSC «MFS»;
- Managing underwriter: JSCIB «UkrSibbank»;
- Co-underwriter: OJSC «JSCB «Capital»
- Paying agent: OJSC «JSCB «Capital».
JSCIB «UkrSibbank» will maintain secondary market liquidity of the Issuer’s corporate bonds by displaying daily quotations in the First Financial and Trading System and Reuters. Reference: CJSC «Nikopol Steel Tubes Plant «UÒ&ST» was incorporated in 2000 as a result of reorganization of CJSC «Nikopolsky Yuzhnotrubny Zavod». Major shareholders of the plant are LLS MCE «Stalprom», CJSC «Metprom» and CJSC «NYTZ». Plant is producing over 3000 standard-sized carbonic low and high-alloy weld-free tubes. Productive capacities of the plant subject to gage allow delivering from 120 to 168 thousand tones of tubes. For 2006, the plant produced 122.4 thousand tones (+14.7% if compared with 2005). Sale volumes have increased by 35.0% up to UAH 447.5mln. Within the nearest 3 years the issuer is planning to ramp up the volume of earnings up to UAH 874mln. As per results of 2006, net income amounted to UAH 10.2mln. Book value of assets– UAH 279.6mln. JSCIB «UkrSibbank» was registered on June 18 1990. Bank has a full NBU license for banking operations ¹ 75 of December 24, 2001. As of 01.02.2007: net assets – UAH 22.3bln, capital – UAH 2.5bln, loan and investment portfolio makes up UAH 19.5bln, corporate customers’ funds – UAH 3.4bln, individuals’ funds – UAH 3.5bln. Regional network currently amounts to 967 branches and outlets throughout Ukraine. 69 thousand of Ukraine’s businesses are customers of JSCIB «UkrSibbank», the amount of individuals’ accounts exceeds 2.5mln. About BNP Paribas BNP Paribas (www.bnpparibas.com) is a European leader of banking and financial services market with significant and expanding presence in the USA and leading positions in Asia. The Group is one of the world’s major banking networks, which is operating in more than 85 countries. Headcount of BNP Paribas exceeds 140 000 persons, including around 110 000 employees throughout Europe. BNP Paribas is a leader in three key directions: corporate and investment banking, asset management and retail banking.
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