UTair Finance Ltd. allots second bond issue worth 1 billion RUR

17 March 2006 (12:54)

UTair Finance Ltd. allotted the second bond issue with a par value of 1 billion RUR on March 14, 2006 via Moscow Interbank Currency Exchange (MMVB Stock Exchange) in the course of an open auction aimed at determining the interest rate coming from the first warrant.

52 investor applications were presented altogether, the total demand coming to 1,953,000,000 RUR with first warrant interest rate ranging from 9.70% to 10.6% a year. Most applications fell into the 7.9% to 8.0% bids.

The emitting company set the first warrant interest rate at 10.4% a year (25.93 RUR per bond), the interest rate of the second to fourth warrants being the same, that of all the other warrants determined by the emitting company.

The whole bulk of the bonds had been acquired within a day.

VneshTorgBank JSC and Region Ltd. became the organizers. NOMOS Bank CJSC became the organizer as well as underwriter and offer agent. Region Financial Company is the company’s financial counselor, NDTS is the paying agent.

UTair Finance Ltd. bond issue worth 1 billion RUR was registered by tFederal Financial Markets Service on September 15, 2006 (state serial number 4-02-36059-R). The loan coverage is provided for by UTair Airlines; the bonds are valid for 1092 days (3 years) and provide for 12 warrants.

UTair Finance is the specialized subsidiary of UTair Airlines set up to develop and implement investment projects.

Other materials on the topic::