First coupon rate on SUN Interbrew's bonds worth RUB 4 bn was set at 8% over the placement auction.
August 17, 2006 AK&M
The first coupon rate on RUB 4 bn bonds of SUN Interbrew Finance LLC - an SPV-company of SUN Interbrew - was set at 8% p.a. during the placement auction, as the Company informs.
The bonds are being placed today, August 17, 2006. They mature in 3 years and carry half-year coupons. The 2-6 coupon rates match the first one. Raiffeisenbank Austria is the arranger of the issue.
The Company placed its debut bond issue worth RUB 2.5 bn in September 2003, the first coupon rate being 13.75%.
SUN Interbrew Ltd. is owned by the world's largest brewery InBev. SUN Interbrew produces beer under various brands in Russia and Ukraine.
In the I half of 2005, the Company's net income totaled EUR 17.4 mln, which is 13% lower than in the I half of 2004 - EUR 20 mln. At that, its revenues grew by 13.3% to EUR 396 mln from EUR 349 mln. The Company upped sales of beer in Russia by 8.7% with the market growth of 6.2%. SUN Interbrew's market share in Russia reached 17.1%.
Issue — SUN Interbrew Finance, 04
Country of riskRussia
Redemption (put/call option)
М/S&P/F— / — / —