Production and Trade Company "Agromat Ltd." Fulfills its Obligations on Redemption of Series Ñ Bonds

JSCIB “UkrSibbank” informs that the Issuer has, in full and in due terms, fulfilled its obligations to investors on payment of nominal value for series C bonds at redemption, to have been offered to the Issuer in February 2009.

It’s worth noting that the Issuer negotiated the restructuring of obligations on pre-mature redemption of series C bonds in February 2009. JSCIB “UkrSibbank” acted as a restructuring advisor.

Basic parameters of issue:

• Volume of emission: UAH 100 000 000.00, two series of UAH 50 000 000.00 each;
• Private (closed) offering;
• Circulation of series C bonds – till February 15, 2011; series D – till August 16, 2011;
• Par value per bond: UAH 1 000;
• Interest period: 91 days;
• Redemption of bonds: upon termination of the 4th and 8th interest period of bonds of the respective series;
• Depositary: OJSC “MFS”.
• Underwriter: UkrSibbank;
• Paying agent: UkrSibbank;

In total, production and trade company “Agromat Ltd.” has placed two issues of bonds for the total nominal value of UAH 200 mln, in particular UAH 100 mln in April – July, 2007 and UAH 100 mln in February – August, 2008. As of July 07, 2009 the Issuer has redeemed its bonds for the total nominal value of UAH 101 213 000. Currently, there are three outstanding series of production and trade company “Agromat Ltd.” bonds for the total nominal value of UAH 98 787 000.

Reference:

Production and trade company “Agromat Ltd.” is one of the largest Ukrainian wholesalers of sanitary ware and ceramic tiles. In 2008 the company’s share on the Ukrainian market of ceramic tiles topped 25%. Goods are mainly sold in wholesale (up to 90%), while the rest is sold by retail via related firms and subsidiaries: “Service” subsidiary and LLC “Agromat-Center”. “Service” subsidiary sells goods via trade centers, owned or rented by the parent company: “Svit Keramiky” and “Svit Santekhniky”, as well as in the store located in TC “Araks” (opened in 2009). Net income of the Issuer for the last year (12 months ended on 01.04.2009) made up UAH 588.8 mln. The funds, raised from bonds issue, were used by the group to open a new store of VIP goods made by world producers in the city of Kyiv with the total area of 1431 sq m located at Shota Rustaveli Str. In May 2009, a new store “Ceramics Fashion” was opened in TC “Domosfera”.

JSCIB “UkrSibbank” (www.ukrsibbank.com) was registered on June 18, 1990. The Bank has a full NBU license on banking ¹ 75 of December 24, 2001. AS of 01.06.2009: net assets – UAH 50.0 bln, capital – UAH 5.7 bln, loan and investment portfolio makes up UAH 42.8 bln, corporate customers’ funds – UAH 7.2 bln, individuals’ funds – UAH 8.0 bln. Regional network currently amounts to more than 930 branches and outlets throughout Ukraine. 75.5% of shares of JSCIB “UkrSibbank” are held by BNP Paribas Group.

BNP Paribas (www.bnpparibas.com) is a European leader of international banking and financial market and one of the six largest banks in the world according to the Standard & Poor’s Rating Agency. The Group is operating in more than 85 countries, and its headcount exceeds 173 000 employees, including 132 700 of them working in Europe. The Group holds top positions by developing key directions: corporate and investment banking, asset management and retail banking. The Group is represented in Europe in all key business streamlines, and major internal markets for retail banking services are Italy and France. BNP Paribas occupies leading positions in the USA as well as in Asia and emerging markets.

For comments, please contact the Press office of JSCIB «UkrSibbank» Tel. (044) 201-22-71 or by e-mail: T_Shikerjavaja@ukrsibbank.com Telephone of inquiry office: 8-800-5005-800

Latest News TransCreditBank arranged AHML's bonds On a Meeting of the Russian Development Bank's Supervisory Board B&N Bank has repaid the Syndicated Loan amounted to USD 27 mln. Vnesheconombank Chairman Vladimir Dmitriev's Briefing on the Results of Vnesheconombank's Supervisory Board Meeting Annual General Meeting of Shareholders was held on June 26, 2009 LOCKO-Bank successfully repaid it’s RUR Eurobond issue On Payments on Eurobonds Transaction with GC "ESTAR" has been cancelled TransCreditBank paid more than 99 % of 2008 dividends Production and Trade Company "Agromat Ltd." Fulfils its Obligations on Payment of Interest Income of Series À, Â

Vnesheconombank Supervisory Board Regular Meeting Held Russian Prime Minister V.V. Putin chaired a meeting of Vnesheconombank (VEB) Supervisory Board: we need to discuss Vnesheconombank's participation in implementing the Government's measures to cope with the crisis, including the Bank’s participation in the programs designed to support small and medium-sized business. [Read...]