Sun Interbrew launches $148-mln three-year bonds on MICEX
August 17, 2006 RIA Novosti
Sun Interbrew Finance, a special-purpose vehicle of Sun Interbrew Limited in Russia, said Thursday it had started floating three-year bonds worth 4 billion rubles (about $148 million) on the Moscow Inter-Bank Currency Exchange (MICEX).
"The placement of Sun Interbrew Finance Series 02 unconvertible interest-bearing documentary bearer bonds, with mandatory centralized custody, has started," the MICEX said in a press release.
Bonds, with a nominal cost of 1,000 rubles (about $37) per bond, will be floated via public subscription at 100% of par value. Raiffeisenbank Austria is the bonds' seller on the MICEX, the press release said.
The bonds will mature August 13, 2009, the MICEX said.
SUN Interbrew Limited was set up in 1999 after a merger of InBev brewery and the SUN group. In Russia, the company sells famous foreign beers such as Stella, Beck's and Staropramen, as well as popular Russian varieties like Klinskoye, Sibirskaya Korona and Tolstyak. It also sells Stella, Beck's, Chernigovskoye, Rogan and Taller in Ukraine
Issue — SUN Interbrew Finance, 02
Country of riskRussia
Redemption (put/call option)
М/S&P/F— / — / —