January 18, 2008 |
|Azbuka Vkusa plans to float RUR 2bn worth of bonds mid-2008. It will be the bank’s second bond issue. The proceeds will be used for redeeming the 1st issue, refinancing short-term loan facilities, and developing the company’s retail network.|
The company has been in the fixed income market since July 25, 2006, when it placed the 1st bond issue due in 3 years and carrying a buyback option to be exercised on January 22, 2008 at 100% of face value. The coupon rate before the buyback was set at 19.99%. The next coupon was at 11.5%. An additional buyback option is scheduled for July 2008 at 100.5% of face value.
Company: Azbuka Vkusa
|Full company name||OOO Azbuka Vkusa|
|Country of risk||Russia|