Agromat LTD Sets New Interest Rate for Bonds
OREANDA-NEWS. April 26, 2013. UkrSibbank as lead manager of the issue announces that on April 18th 2012, Management of Agromat LTD set interest rate of 20% for 9-12th interest periods of series E bonds. The announcement regarding new interest rate was published in the official newspaper “Statements of the State Securities and Stock Market Commission”, №76.
Series Е issue is third one on Ukrainian bond market for Agromat. First time Agromat bonds were placed in 2007. Since then, the total volume of Agromat issues amounted UAH 300 mn.
In 2009-2010 company fully redeemed its previous bond issues. Success redemption of previous issues in spite of financial crisis fosters the increase of investors confidence to the company. Thanks to that, series E was placed with oversubscription and below initial yield expectations.
Key issue parameters:
Volume of issue: UAH 100,000,000.00
Open (public) placement;
Par value of 1 bond: UAH 1,000;
Redemption: 19.05.2014-20.05.2014
Interest income for interest periods 9-12: 20% per annum in UAH;
Interest period: 91 days
Payment agent: JSC “UkrSibbank”.
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