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Profitability of initial offer of A series bonds of CJSC “Food company “Podolie” to make up 14.4%

Lead issue underwriter JSCIB “UkrSibbank” will start to offer A series bonds of CJSC “Food company “Podolie”.

The single offer profitability of A series bonds of CJSC “Food company “Podolie” is determined at the rate of 14.4% per annum.

Profitability is determined by the Issuer based on investors’ applications, the number of which 1.5 times exceeded the offer volume of À series bonds, which made it possible to reduce it by 0.6% as compared to nominal profitability (15%).

Initial offer profitability is single for all investors for the entire initial offer period.

Initial offer will start on June 01, 2007 and will last till March 01, 2008 or till the moment the last bond is offered via the lead bonds’ issue underwriter of JSCIB “UkrSibbank”.

Main emission parameters:

  • The offer is public;
  • Guarantor – “Confectionary Corporation “Roshen” ;
  • Emission volume: UAH 100 000 000.00;
  • Nominal value of one bond: UAH 1 000;
  • Coupon period for the first to fourth coupon periods: 15% per annum in UAH, interest rate for the other periods will be determined by the Issuer, but will not be less than 3% per annum in UAH;
  • Coupon period: 91 days;
  • Early sale of bonds: possible upon termination of the 4th and 8th coupon periods;
  • À series – UAH 100 000 000.00;
  • Term of applications: May 29, 2007 till May 31, 2007;
  • Circulation period is 36 months: since the report on bonds’ offer is registered with the State Committee for Securities and Stock Market and offer registration certificate is issued, till May 28, 2010;
  • Depositary: OJSC "ÌFS";
  • Lead underwriter: JSCIB "UkrSibbank";
  • Paying agent: JSCIB "UkrSibbank";
  • The offer is assigned with a rating of uA+ , the forecast is stable.

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 “Food company “Podolie” is an agricultural enterprise, which majors in production of sugar beet and processing into sugar on facilities of Ukraine’s major Kryzhopil sugar plant. The Issuer cultivates sugar beet on the area of 12.6 thousand hectares, total agricultural area makes up 45 thousand hectares. The company is exemplified by a high level of crop yield level (up to 500 quintal/hectare), which practically doubles the average Ukrainian industry yields. In 2006, about 61.8 thousand tons of sugar were extracted from the yield of CJSC “Food company “Podolie”. The capacity of the plant makes up 6.5 thousand tons sugar beet per day. Issuer’s net profit in 2006 made up UAH 358.2 mln, net income – UAH 83.2 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 01.04.2007: net assets – UAH 24.9 bln, capital – UAH 3.1 bln, loan and investment portfolio makes up UAH 22.4 bln, corporate customers’ funds – UAH 3.5 bln, individuals’ funds – UAH 3.6 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 2.7 mln. In April 2009 it was closed a deal on BNP Paribas purchasing 51% of shares of JSCIB “UkrSibbank”.

 

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.


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