Ukrsotsbank Proceeded to Place Bonds of EKO Company
OREANDA-NEWS. On June 09, 2008 as was informed by the Bank press service with reference to the Department of Investment Banking Services.
Ukrsotsbank as an organizer, underwriter and payment agent has begun to place five-year bonds of EKO Company amounting to UAH 100 million.
Bonds of EKO of A and B series with public ownership in the form of uncertified shares of non-nominal value of UAH 1000 (one thousand) in the number of Series A - 50, 000 (fifty thousand) pieces, series B - 50, 000 (fifty thousand) pieces with the income payment on each series in every 91 (ninety-one) day in the amount of 14% (fourteen) per annum until the first offer, maturity of each series 5 years with annual offer after the fourth, eighth, twelfth and sixteenth interest period.
Term of placement: Series A - from 05.06.2008 till 10.05.2009, Series B - from 16.06.2008 till 10.06.2009. Number of interest periods - 20, interest rate - 14% per annum for 1, 2, 3 and 4 interest periods of all series. Early redemption of bonds is possible after the fourth, eighth, twelfth and sixteenth interest period.
Authorized “Credit-rating” rating agency assigned EKO LLC A and B series bonds issue on April 24, 2008 ua BB + on national scale, stable forecast an official credit rating.
The EKO Company, established in 2002 as a limited liability company, specializes in retail trade of food products through a sales network. Eko-Market network shops are presented in 14 regions of Ukraine. Total trade area is more than 44 thousand m2. Totally the Company opened in Kyiv 12 supermarkets with average trade area of 7.08 thou. m2. (16% of the total area of the issuer). In 2007, the company increased its presence in the Ukrainian retail market up to 2.2% from 1.3% as of 2006. The Eko-Market network has already won a stable niche in the regional market: the company is a leader in Sumy (7 shops), Mykolaiv oblast (4 shops), Zhytomyr oblast (3 shops) and Chernihiv oblast (3 shops).
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