27.03.2007 /Investing
 JSCIB "UkrSibbank" and JSCB "Capital" placed the bonds of CJSC "Nikopol steel tubes plant "UTiST" during one day
On March 22, 2007 CJSC “Nikopol steel tubes plant “UTiST” completed placement of A series bonds in full in the amount of UAH 50 000 000.00. This placement was accomplished during just one day. Some 12 applications for the total of UAH 81.8 mln were received, which went beyond the volume of offering 1.6 times. The single placement profitability for the A series bonds of CJSC “Nikopol steel tubes plant “UTiST” was determined by the Issuer at the level of 14.5% per annum based on the bids, received from investors, which is 0.5% below the nominal profitability of bonds. “The issue was sold with the oversubscription and decrease of the Issuer’s profitability. In our opinion, this is the result of two key factors: (1) quality of the Issuer; (2) coherent work of underwriters, UkrSibbank and Capital bank, which targeted promotion of the issues on the market”, - said Denis Mikhov, Head of the Investment Banking Department of JSCIB “UkrSibbank”. Placement of bonds of CJSC “Nikopol steel tubes plant “UTiST” is one of the first steps of OJSC “JSCB “Capital” as an underwriter. This was a confident, broad step, which made it possible for the Bank to expand its partnership with the Issuer (CJSC “Nikopol steel tubes plant “UTiST”) in the new segment of financial market – the bond market”, – commented the representatives of the Securities Division and the Treasury Division of OJSC “JSCB “Capital”. “This was the first issue of bonds by our plant, and we are now quite contented with the results of it having been carried out. We do justice to the high level of professionalism, shown by the specialists of JSCIB “UkrSibbank” and JSCB “Capital”. We hope that our partnership will last and be mutually beneficial”, - said Valentina Vasilchenko, Director for Economy and Finance of CJSC “Nikopol steel tubes plant “UTiST”. The initial placement of the Issuer’s bonds was carried out on March 22, 2007 and lasted for one day. Basic parameters of the issue: - Emission volume: UAH 50 000 000.00;
- Nominal value of one bond: UAH 1 000;
- Coupon period for the first to the fourth coupon periods: 15% per annum in UAH, interest rate for the remaining periods is fixed by the Issuer, but cannot be less than 3% per annum in UAH;
- Coupon period: 91 days;
- Premature sale of bonds: possible upon the 4th and the 8th coupon periods;
- À series – UAH 50 000 000.00;
- Term of applications: March 15, 2007 till March 21, 2007;
- Circulation period is 36 months: since March 22, 2007 till March 18, 2010;
- Depositary: OJSC “MFS”
- Managing underwriter: JSCIB “UkrSibbank”;
- Ñî-underwriter: OJSC “JSCB “Capital”
- Paying agent: OJSC “JSCB “Capital”.
JSCIB “UkrSibbank” will maintain liquidity of secondary market 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 “UTiST” was incorporated in the year 2000 as a result of CJSC “Nikopol Yuzhnotrubny Plant” being reorganized. The plant’s major shareholders are MCE “Stalprom” LTD, CJSC “Metprom” and CJSC “NUTZ”. The plant manufactures more than 3000 of nominal sizes of carbonic, low- and high-alloy solid-drawn steel pipes. The plant’s production capacities, depending on the pipe grades make it possible to produce 120 to 168 thou. tons of pipes. In 2006 the plant produced 122.4 thou. tons (+14.7% as compared to 2005). The volume of sales has increased by 35.0% up to UAH 447.5 mln. The Issuer plans to increase the volume of revenues up to UAH 874 mln. within 3 years. Net income as of 2006 made up UAH 10.2 mln. Book value of assets amounted to UAH 279.6 mln. 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 22.3 bln, capital – UAH 2.5 bln, loan and investment portfolio makes up UAH 19.5 bln, corporate customers’ funds – UAH 3.4 bln, individuals’ funds – UAH 3.5 bln. 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 2.5 mln. 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 some 110 000 employees throughout Europe. BNP Paribas is a leader in three key directions: corporate and investment banking, asset management and retail banking. OJSC “JSCB “Capital” is one of the first Ukrainian commercial banks, which was founded in Donbass region more than 10 years ago. OJSC “JSCB “Capital” is registered by the National Bank of Ukraine on October 31, 1991. The Bank acts under the authority of the License of the National Bank of Ukraine # 122 of 29.12.2001. As of 01.01.2007, the bank’s statutory capital makes up UAH 37 mln, equity – UAH 46.97 mln, assets – UAH 359.78 mln. The Bank holds leading positions in the rating of Stock Exchange of the First Financial and Trading System among the dealers of corporate and municipal bonds.
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