"Raspadskaja" Plans to Place Eurobonds on $300 million
OREANDA-NEWS. May 3, 2007. The board of directors of Open Society " Raspadskaja " has made a decision to place eurobonds on $300 million About it is spoken in the message of the company.
Term of the reference of securities will make 5 years. The interest rate under the loan will not exceed 8.5 % annual from the sum of the basic duty. Release will be placed by affiliated company " Raspadskoj " - Raspadskaya Securities Ltd. A payment for de livery of the loan both other charges and payments under obligations will not exceed in a total sum $3 million Leading organizers of accommodation are certain UBS and Citigroup Global Markets. As the confidential managing director, the main payment agent and the registrar, the transfer and payment agent will act Citibank N.A., London Branch.
Open Society " Raspadskaja " is the head company of group of 12 enterprises of a uniform territorial and production coal complex in the Kemerovo area, including Open Society " Mine " Raspadskaja ", Open Society " MUK-96 ", Joint-Stock Company " Cut " Raspadsky ", a under construction mine of Joint-Stock Company " Raspadskaja Koksovaja ", concentrating factory of Joint-Stock Company " OF " Raspadskaja ", and also the e erprises of a transport and industrial infrastructure. Operating company " Raspadskoj " and its enterprises is Joint-Stock Company " Raspadskaja the coal company ". The cores to shareholders "Raspadskoj" are group " Evraz " (40 %) and management of the co pany.
In 2006 "Raspadskaja" has increased volume of a coal mining up to 10.61 million t about 9.72 million t in 2005. The sales volume of a coal concentrate has grown up to 6.55 million t about 5.63 million t. In 2007 the company plans to extract 12.8 mi lion t coal.
The net profit "Raspadskoj" in 2006 on MSFO was reduced to 32.6 % up to $111.5 million, the proceeds - on 13.4 % up to $468.789 million Parameter EBITDA has made $259.714 million against $321.913 million year earlier.
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