Prominvestbank Bonds Distributed on Two Leading Stock Exchanges
OREANDA-NEWS. January 25, 2011. It will be the first time when Prominvestbank’s bonds are distributed on two leading Ukrainian Stock Exchanges simultaneously.
State Commission on Securities and Stock Exchanges have registered most major bond issue and offering circular of stocks A, B, C lots of the Public Stock Company Prominvestbank in grand total of 1,5 billion UAH. Troyka-Dialog Ukraina LLC is underwriter of the issue.
The issue beats a record of the volume of total amount – 1,5 billion UAH. The stock floatation will be public and it will take place on two stock exchanges at once – on Ukrainian Stock Exchange (UKRSE) and at the same time on Stock Exchange PFTS.
On 2011, January, 31, will start the bond distribution of the debut lot A in 500 million UAH in output capability; then, in February, 28, will start the distribution of the lot B (the volume is the same); so bonds of the C lot is scheduled on March, 28.
Bonds of A and C lots have similar parameters which include 3-years-old term of circulation with annual offers, and coupon rate is 13% per year. Bonds of B lot will circulate during 2 years, they have no any equity of pre-term redemption, and have coupon rate of 14% per year.
Moody’s Investors Service gives to the issue of bonds of Public Stock Company Prominvestbank national scale rate Aa1.ua.
Limited Liabilities Company Troyka Dialog Ukraina is a part of leading independent investment company Troyka Dialog working on the markets of the CIS countries.
Troyka Dialog Ukraina is present on Ukrainian market since 2005. Primary directions of activity of the company - trade operations with securities and investment bank services. In 2009 the Troyka Dialog Ukraina has won first place on volume of the auctions in the market of demands at the Ukrainian Stock Exchange. The investment bank division of the company offers to clients wide range of services in dealing of capital formation, mergers and take-overs, and restructuring.
In 2009 the crew of investment bank division of the Troyka Dialog Ukraina had been successfully buy in 4 deals of M&A (mining and smelting, agro-industrial, infrastructural and real estate), and manage the first since 2008 IPO among the Ukrainian companies.
Also in 2009 the Troyka Dialog
Background: Joint-Stock Commercial Industrial and Investment Bank (Prominvestbank) was formed in 1992; Prominvesbank is among the group of the biggest Ukrainian banks. As of today the State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”,
As of December, 1, 2010 the Bank’s equity capital is UAH 4,746 bn, assets – UAH 31,155 bn, loan portfolio – UAH 275,675 bn, customers’ funds – UAH 16,898bn.
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