OREANDA-NEWS. Issue underwriter, JSCIB “UkrSibbank” calls for competitive bids for B series bonds purchase of ITC LLC “Agromat”. Term of competitive offers acceptance will be from 9:00 a.m. of October 08, 2007 till 5:00 p.m. of October 12, 2007, reported the press-centre of UkrSibbank.

Single yield level of B series bonds placement of ITC LLC “Agromat” will be determined by the Issuer on the basis of the accepted bids from the investors. Primary offering yield shall be single for all investors for the entire period of floating.

Initial offering of B series bonds will start on the 15th of October, 2007 and will last till the 29th of September, 2008 or till the moment of the last bond being placed. JSCIB “UkrSibbank” will act as an issue underwriter.

Currently, there are traded A series bonds of ITC LLC “Agromat” with nominal value of UAH 50mln and maturity till July 12, 2010. Bonds placement of this series was performed during three days since the commencement date of offering. Volume of the investors? bids was fourfold over the volume of А series bonds issue. Placement yield was then reduced from 15% to 13.19% per annum.

Basic issue parameters:
Volume of emission: UAH 100 000 000,00; two series of UAH 50 000 000,00;
А series – UAH 50 000 000,00;
А series maturity – by July 12, 2010;
В series – UAH 50 000 000,00;
Commencement of В series placing – October 15, 2007.
В series maturity – after the report of bonds placement result being registered with the State Commission for Securities and Stock Market and the certificate of issue registration being granted and till October 11, 2010;
Nominal value per bond: UAH 1 000;
Coupon income for the first-to-fourth coupon periods under both series makes up UAH 15% p.a., interest rate for the remaining ones shall be determined by the Issuer, but may not be lower than 3% per annum in UAH;
Coupon period: 91 days;
Premature sale of bonds is possible upon the fourth or the eighth coupon periods of bonds of respective series;
Depositary: OJSC “MFS”;
Underwriter: JSCIB “UkrSibbank”;
Paying agent: JSCIB “UkrSibbank”.

UkrSibbank will maintain the second market liquidity of the Issuer’s corporate bonds by displaying daily quotations in the First Stock Trading System.