OREANDA-NEWS. Pharmacy Chain 36.6 [MICEX: RU14APTK1007] placed bonds worth 1 billion rubles through public subscription on the MICEX. Coupon rate is 14% per annum. The bonds will mature in 3 years. URSA Capital is the organizer and underwriter of the bonds issue.

Marina Penkova, Chief Executive Officer “MC 'Pharmacy Chain 36.6'”:

“This is not the first time Pharmacy Chain 36.6 approaches the public capital markets, the first time was in 2006. The successful bonds placement demonstrates investors' trust in the Company and their appreciation of the Company's potential. The proceeds from the bonds placement will be used to refinance the Company's current debt. As a result, the Company gains the opportunity to decrease its debt servicing costs and align the debt maturity with that of the investment portfolio of the Company.”

Oleg Medvedev, Head of Fixed Income Trading at “URSA Captial”:

“Exchange bonds of “Pharmacy Chain 36.6” were sold in two stages on June 25-26 and the placement was fully accomplished at 14:00 MSK with the securities being fully paid. Despite tight conditions which are typical for the end of the quarter, investors have demonstrated their active interest in the security of the Group of companies, and by 15:15 MSK bonds were available at the secondary market. Transactions at the MICEX trading platform started on the same day.”