January 12, 2007 |
|January 11, 2007, the Federal Financial Markets Service (FFMS) registered a placement report of the RUB 1.5bn second bond issue of TOP-KNIGA LLC, the FFMS reported.|
The bond issue was placed by public subscription on the MICEX on December 14, 2006. The issue includes 1.5 mln securities of RUB 1,000 par. Half-year coupons are to be paid. The first coupon rate was set at 10.51% at the auction; the 2-4 coupon rates equal the 1 one; rates on the 5-8 coupons will be fixed by the issuer.
TRUST Investment Bank is the arranger; TOP-KNIGA Invest LLC is security.
The FFMS registered the issue on October 24, 2006. Its state registration number is 4-02-36124-R.
The company is planning to direct the raised funds to expand its network and to replace its debut bond issue.
TOP-KNIGA LLC is a retail and wholesale company who delivers and sells printing products in Russia's regions. The Company comprises six wholesale warehouses and sells more than 3 mln books per month. In January-September 2006, the company's turnover totaled $148 mln. In 2005, TOP-KNIGA'S proceeds grew by 64.8% to $150 mln from $91 mln for 2004 (without VAT). Its net income in 2005 totaled $3.5 mln against $1.3 mln in 2004, EBITDA rose to $13 mln from $3 mln.
Company: TOP Kniga
|Full company name||TOP Kniga|
|Country of risk||Russia|
|Country of registration||Russia|
|Industry||Trade and retail|