First coupon rate on LOMO bonds worth RUB 1bn is set at 12.5% during the placement auction
September 21, 2006 AK&M
The first coupon rate on LOMO OJSC bonds worth RUB 1bn is set at 12.5% during the placement auction, as the Company informs.
The bonds are being placed today, September 21, on the MICEX by public offering at par. The maturity is 3 years. The bonds carry six half-year coupons.
LOMO paid off its first bond issue worth RUB 200 mln in May 2003. The second bond issue worth RUB 700 mln was placed on the MICEX in July 2003. The Company paid it off in July 2006.
LOMO produces and sells products of some 150 kinds. They are optical-mechanical and optic-electronic devices, including medical equipment, observation apparatuses, cameras. Exports to the USA, Canada, Germany, Austria, Israel and some other countries account for about 50% of the Company's sales volume.
Issue — LOMO, 03
Country of riskRussia
Redemption (put/call option)
М/S&P/F— / — / —