Kievmedpreparat Successfully Places UAH 30 Million Corporate Bonds
ARTA, as the lead-manager, has successfully completed a UAH 30 million bonds (coupon 14.3%) placement for the leading domestic pharmaceutical company OJSC Kievmedpreparat. A Series Bonds have been placed among numerous investors, including but not limited to domestic banks, retirement and investment funds, insurance companies, asset management companies, and foreign investors.
The bonds have a maturity period of three years (maturity date - November 16, 2010) with coupon payable on a quarterly basis. The yield rate is 14.75% per annum for the first four periods. The first interest payment is on February 19, 2008, and the next offer is scheduled for November 18, 2008.
As a manufacturer of more than 80 medical products, representing 10 pharmacotherapeutic groups, Kievmedpreparat intends to invest bond yields for upgrading and innovation of its production facilities.
Credit Rating – a nationally recognized credit rating agency in Ukraine – has assigned uaBBB rating/Stable Outlook to Kievmedpreparat. The company’s lending policy aims at using loans along with various debt instruments in a reasonable and financially feasible manner.
NOTE:
ARTA Investment Group includes ARTA Investment Partners Ltd., ARTA Securities Ltd., and ARTA Assets Management Ltd. Since 2002, ARTA provides a full range of investment banking services including brokerage, corporate finance and asset management. ARTA has attracted approx USD 1.5 billion of investments to the local market.
