Ural Mechano-Optical Plant’s liabilities go up 1.5bn RUR

UrBC, Moscow, April 26, 2012. Ural Mechano-Optical Plant’s bonds (04 Series, total face value 1.5bn RUR) were offered at MICEX today. The issuer suggested that its investors exchange their 03 Series bonds (distributed among qualified investors in February 2011) for 04 Series publicly traded ones.

At the close of business on April 20, 2012, the issuer set the coupon interest rate at 10.5% a year (the profit on the eighteen-month offer comes to 10.78%). The size of bond offering at the acceptable and efficient price for the issuer was 1.2bn RUR.

Given the current market opportunities, the offering price, the bond coupon interest rate, and the existing demand the plant decided to accept 45 investor bids.

The money obtained through this bond issue will be directed to repayment of loans and credit facilities as initially planned.


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