OREANDA-NEWS. February 28, 2008. The auction at the Moscow Central Stock Exchange saw the successful allocation of a five-year bond loan of the ZAO Mikoyan Meat Packing House (CJSC) which is among the leading producers of meat products and pre-fabricated meat in Russia ranking among the top 10 with regard to its growth rates.

The loan amount totalled 2 billion rubles. In the course of auction sales, 16 investors represented 36 bids at annual rates varied from 10.75% to 12%. The demand exceeded 2.5 billion rubles. Over 30% of the demand was secured by the investors with foreign participation, about 20% were secured by the demand from the investment companies and private investors. The final coupon rate was stipulated at the rate of 11,90% per annum.

The issue was arranged by the Bank of Moscow.

The syndicate also included the following:
as co-organisers: ORGRESBANK, Sberbank of the Russian Federation, UniCredit Bank
as underwriters: Alfabank, MetallInvestBank, the Russian Bank for Development, Bank Soyuz.

According to the issue documents, the amount of the offering reaches 2 billion rubles, the term of maturity of bonds is 5 years, the term of offer is 5 years, the coupon profit is paid out on a biannual basis.

"The importance of this lies in the fact that this is virtually the first instance of market placing of a company ranked the 2 nd or 3 rd in Russia among private management companies that carry on business on the Russian market since August 2007", says Igor Sukhanov, the Head of the Investments Line of the Bank of Moscow. "We believe that this offering will considerably expand the opportunities of Russian loaners and open up a range of attractive possibilities for foreign investors".