LLP "RG BRANDS" (Kazakhstan) repaid 1st tranche of bonds
27.01.00 00:00
/IRBIS, Jan.27, 00/ - On January 26, 2000 LLP "RG BRANDS" (Almaty,
"Non-listing securities" sector, first admittance level, trade code - RGBRb),
in accordance with issue and circulation rules of the bonds, paid off the
principal debt and 17% APR accrued interest on it to the owners of the 1st
tranche of bonds registered in the register as of January 21, 2000.
Report on the results of the issue of the 1st tranche of inscribed coupon
bonds secured by LLP "RG BRANDS" was approved by the National
securities commission of Kazakhstan on January 21, 2000.
Placement of the 2nd tranche of the bonds for $250,000 will start on January
27, 2000.
RGBRb were entered into trade lists of Kazakhstan stock exchange (KASE)
from November 5, 99. The whole first tranche (2,500 bonds, $250,000) was
placed through trade floor of KASE on December 10 and 13, 1999. Offering
price (including accumulated interest) has settled at $101.55 and $102.19
per paper, which corresponds to full yield to maturity of 19.91% APR and
15.95% APR, respectively (by the calculation base accepted in Kazakhstan).
Primary activities of LLP "RG BRANDS" - production and sale of natural
juices and beverages, offering marketing services. Authorized capital -
KZT640.0 th.