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JSB «ORGRESBANK» entered the syndicate to place the bond issue of OJSC Synergia series 02, which took place on 26 July 2007.
MDM-Bank was the arranger, the underwriter and the paying agent. The following companies also entered the syndicate: IC «Troika Dialog», Bank CSFB – as co-arrangers, bank «Renaissance Capital», «Expobank», «RТК-Broker» and «АК BARS» Bank – as underwriters, NP «Interbank clearing system» - as the official placement partner.
The placement took place at MICEX by public subscription. The volume of the issue was 2 billion rubles with the par value of one bond 1 000 rubles. The demand exceeded the planned volume of the issue and reached 2.7 billion rubles. As a result of the competitive tender the first coupon rate was defined on the level 10,7% per annum, which corresponds to effective yield 10.99% per annum.
Maturity of the bonds is 3 years. Six half-year coupons are to be paid on the issue. The offer (put option) (the price 100% of the par value) with a payoff of the coupon yield is scheduled at 27 January 2009.
The bond issuer is planning to use the raised money to refinance the current debt (75% of the volume of the issue) and to invest into the expansion of the existing business.
OJSC Synergia renders consulting services on commerce governance and is a management company of the Group of companies «Synergia». The Group’s main activity is the production of a wide assortment of alcoholic beverages and foodstuffs, wholesale and retail trade. The Group comprises 16 companies in 7 regions of