On June 26, 2007 in MICEX Stock Exchange the allocation by open subscription of the debut issue of bonds of Limited Liability Company “Production Commercial Firm “DiPoS” took place. In the course of competition investors filed 32 applications at the rate of coupon in the range from 8,30 % to 10,70 % per annum. The rate of the first coupon determined by the issuer has made 10,60 % per annum.
Arrangers of issue: IK “Eurofinance”, Raiffeisenbank and TransCreditBank.
Co-arrangers: JSB “ORGRESBANK”, “JSCB BARS” Bank, VTB-24, Bank “Jewelry of the Urals”.
Underwriters of the issue: ZENIT Bank, Uralsib, Credit Europe Bank, “Petrokommerz” Bank, Promsvyazbank, IFK “Solid”, IK “East Capital”, BK “Region”, UK “Stroyinvestproject”.
Bonds with the general face-value of 2 billion rubles have the life of 5 years. Payment of semi-annual coupons is provided on the issue. Rates of coupons for the first year of circulation of bonds are equal and make 10,60 % per annum, rates of the subsequent coupons are determined by the issuer. The issuer has made the offer on the retirement of bonds in 1 year from the date of the beginning of allocation at the price of 100 % of the par value.
The assets from allocation of bonds will be used for refinancing of the credit portfolio of the issuer, and for financing of investment projects as well.
Limited Liability Company “Production Commercial Firm “DiPoS” is included into the number of five of the largest Russian metal traders. The company is the parent enterprise of GK “DiPoS” – the universal supplier of metal-roll in Russia, manufacturing the goods for building, automobile, fuel and energy, machine-building, electrotechnical and other branches. Buyers of “DiPoS” production are the building companies: DonStroy, Strabag, Capital Group, Enka, Boygues etc. The proceeds of the company in 2006 have reached 13,5 billion rubles, the net profit – 410 million rubles. Limited Liability Company “PCF “DiPoS” covers the regional markets the South, Northwest, Central, Privolzhsky and the Siberian Federal Districts.