On September, 10 «Sumykhimprom» through pay agent VAB Bank carried out the first payment of interest on the bonds of series «À».
The total amount paid was 1 994 500 UAH based on a price of 39.89 UAH per bond.
This issue of simple registered bonds in a non documentary form was carried out for an amount of 50 000 000 UAH with an interest rate of 16% p.a. for the first 4 coupon periods. The bonds were successfully placed in June 2007.
According to the Vice-Chairman and Director for economic, finances and social questions of OAO «Sumykhimprom», Lavrik V. I., the rising of necessary financial resources has had a positive influence on the activity of the enterprise. The money facilities attracted by the emission were invested according to the indicated purposes and are instrumental in expanding the production of the enterprise.
VAB Bank provides daily price-quotations on the bonds of «Sumykhimprom» on the PFTS.
Information on the bond issuer:
OAO "Sumykhimprom" is one of the leading Ukrainian chemical enterprises. The company is specialized in the production of dioxide titan, sulphuric acid, yellow and red pigments, mineral fertilizers and coagulant for water treatment.
100% of the chartered capital of the company is owned by the Ministry of Industrial Policy of Ukraine.
In 2003 the company was certified according to the quality management system ISO 9001/2000 and in 2004 it was also certified according to the requirements of the enviromental control system for the production of mineral fertilizers in accordance with the international standard of ISO 14001:1996.
In 2006 the profit of company amounted to 621 million UAH
The amount obtained by the placement of the bonds is being used by the company for the modernization of its production facilities.
Reference dataVseukrainsky Aksionerny Bank (VAB Bank) operates in the Ukrainian financial market since 1992 and, according to the National Bank of Ukraine, ranks among the large banks group as to assets. The bank’s regional network comprises 25 branches and 137 outlets, as well as a representative office in Budapest (Hungary). TBIF Financial Services B.V. (Amsterdam, Netherlands), a large international company, is one of the bank’s shareholders. In October 2006 VAB Bank became a member of the VAB Group. As of July 1st, 2007 VAB Bank’s total assets amount to UAH 5.6 bn regulatory capital – UAH 546 m, UAH 201.4 m share capital. The result of the 20th emission of shares of VAB Bank, which have been ratified in the meeting of shareholders' of July, 27, 2007, determines the size of the regulatory capital as being UAH 670 million.
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