MAIR fully placed second bond issue.
November 29, 2005 AK&M
On November 29, 2005, Industrial Group MAIR has fully placed second issue of bonds to the value of 1 billion rubles, Promstroibank acting a lead-manager and underwriter of the issue reported.
Federal Financial Markets Service registered issue of MairInvest on November 10, 2005 under the state registration number 4-02-36047-R. The loan includes 1 million securities with a par value of 1,000 rubles and maturity of two years. The bonds were placed through an open subscription. The coupon period is 182 days. The rate of the first coupon was set at an annual interest rate of 10.9 percent.
The funds raised will be used to refinance credit portfolio of the Group.
Industrial Group MAIR incorporated in 1992 is one of the biggest Russian producers of secondary ferrous metals.
Issue — MairInvest, 02
Country of riskRussia
Redemption (put/call option)
М/S&P/F— / — / —
Company — MairInvest