OREANDA-NEWS. On July 16-18, 2007 placement of three-year “A” series bonds of ITC “Agromat” LLC has been successfully completed. JSCIB UkrSibbank was a managing underwriter of the issue, reported the press-centre of JSCIB UkrSibbank.

The issue of the “A” series bonds of ITC “Agromat” LLC was placed at a single yield of 13,19% per annum.

Placement yield was determined by the Issuer based on the investors’ bids, the volume of which exceeded the issue of the “A” series bonds by more than 4 times, thus providing an opportunity to cut the rate by 1,81% as compared with the nominal yield (15%). The lowest yield of the bonds purchase among the submitted competitive bids amounted to 13,10%. “UkrSibbank” accepted 18 competitive bids.

10 investors including banks, financial companies and asset management companies were among the buyers of the bonds.

Bonds circulation will commence upon the registration of the report on bonds placement results and execution of the bonds issue registration certificate by the State Committee on Securities and Stock Market. The redemption of bonds will take place on July 12, 2010.

Basic issue parameters:
Volume of issue: UAH 100 000 000.00, two series of UAH 50 000 000.00;

Nominal bond value: UAH 1 000;

Coupon yield for the first-fourth coupon periods on both series: 15% per annum in UAH, interest rate on the rest of the periods will be fixed by the Issuer, however, it may not be less than 3% per annum in UAH;

Coupon period: 91days;

Premature bonds sales: possible upon the 4th and 8th coupon periods expiration;

“A” series – UAH 50 000 000.00;

“A” series bonds maturity - upon the registration of the report on bonds placement results and execution of the bonds issue registration certificate by the State Committee on Securities and Stock Market and by July 12, 2010;

“B” series – UAH 50 000 000.00;

“B” series placement - since October 15, 2007;

“B” series bonds maturity - upon the registration of the report on bonds placement results and execution of the bonds issue registration certificate by the State Committee on Securities and Stock Market and by October 11, 2010;

Depository: OJSC “MFS”;

Managing underwriter: JSCIB “UkrSibbank”;

Paying agent: JSCIB “UkrSibbank”.

JSCIB UkrSibbank will maintain secondary market liquidity of the Issuer’s corporate bonds by means of daily listing in the First Stock Trading System.