OREANDA-NEWS. September 17, 2007. Novosibirsk Metallurgical Plant named after Kuzmin (NMP) acquired 53.1% of the inaugural bond issue under offer for the total amount of 637,197 mln rubles.

This 1.2 bln ruble issue was fully underwritten on 15 February 2006. It includes 1.2 mln securities with the face value 1 thousand rubles. The maturity is 4 years. The issue envisages semi-annual coupon payment. The rate of the first coupon was established at the tender as equal to 11%. The second offer for the issue will take place on 25 August  2008. The lead manager of the issue is Impexbank, the co-manager - Rossijsky Kredit Bank. The issue is guaranteed by the metallurgical company ESTAR, state registration number 4-01-10794-F of 29 November 2005.

NMP named after Kuzmin is a leading producer of special flat products, pipes of different diameters, rolled section and cold rolled strip. The enterprise produces metal products for households, machine engineering, aviation and aerospace engineering. It is capable to produce over 1 mln t of metal products per year. In 2006 the plant increased the output of metal products by 20% to 387.000 t per year. The sales volume totaled 5,979 bln rubles which is a 32%  growth against the previous year, when it was 4,515 bln rubles. The net profit in 2006 by RAS was 174,261 mln rubles.

In 2007 the enterprise plans to produce 466,000 t of metal products. The sales of marketable products is to reach 7,949 bln rubles, the sales margin for finished products is to increase from 372 mln rubles in 2006 to 544 mln rubles.