Megabank Completed Placing Its Own Bonds Series Е
OREANDA-NEWS. April 01, 2008. The State Committee on Securities and Stock Market of Ukraine registered the statement of the bonds placement of PLC "Megabank" series Е. Thus "Megabank" has completed placing its own bonds series Е. The bond vendees are leading banks, insurance companies, institutions of joint investment and financial organizations, reported the press-centre of Megabank.
The basic conditions of series "Е" issue:
Amount of issue is UAH 100,000,000.00;
Bond existence form is undocumented;
Onset date of issuing bonds series E was the 10-th of December 2007;
Completion date of issuing bonds series E will be the 11-th of December 2008;
Date of bonds circulation constitutes 1096 calendar days, from the 10-th of December 2007 to the 10-th of December 2010;
Coupon rate is 13,75% (the rate for the first – fourth periods, the rate for the fifth – eighth, ninth – twelfth interest periods is established by the Supervisory Board of the Bank);
Coupon disbursement is held quarterly;
Quantity of offers is 2 (8.12.2008, 7.12.2009);
Collateral – the bonds are secured by agreements with the Insurance Company "Lemma" on voluntary insurance against the third parties so as to insure the risk of the Issuer non-repaying the principal sum of debt and profit on bonds.
The Bank's bonds received the rating evaluation by "Credit-Rating" Ltd on the level of "uaA-", the forecast is steady.
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