OREANDA-NEWS. CJSC Transmashholding is planning to place on market through public subscription 4 billion roubles’ worth of interest-bearing documentary unconvertible payable to bearer bonds.

According to the press service of Transmashholding, the face-value of each security is 1,000 roubles, while the total capital issue volume is 4 billion roubles. The maturity of bonds is 1,456 days.

The Federal Financial Markets Service registered the CJSC Transmashholding offering circular in September 26, 2006. In October, 2, the official letter of registration was delivered to the company. The capital issue public registration number is 4-02-35992-Н.

The bonds issue is to be placed on the Moscow Interbank Currency Exchange late in October, 2006. The funds raised on the bonds will be allocated to current assets increase, refinancing of short-term debts and implementation of investment programs.

The bonds issue initiators are as below: JSC Vneshtorgbank, JSC Alfa-Bank, JSC TransCreditBank.

In December 1, 2004, Transmashholding placed on market the first bonds issue with the payment date of December 1, 2007. On the tender results the bond warrant was set 14 percent per year. That constituted the issue offer dividend yield of 14.49 percent after 18 months. The funds raised were allocated to Transmashholding-integrated companies.

In June, 2006, under the long-term financial strategy CJSC Transmashholding bought back by offer the issue series 01 ahead of schedule. The funds were transferred to investors timely and in corpore. A total of 99 percent of the bonds were produced for retirement.