On 18 September 2003 placement of "UTK" PJSC series 01 non-convertible interest-bearing documentary pay-to-bearer bonds was successfully performed in the MICEX Stock market section. Volume of bond issue is RUR 1.5 billion, the term to maturity is 1,092 days (3 years) with half-year fixed coupon at 14.24% annual rate and offer for the redemption - 1 year from the date of placement at 100 % of the par value. Arrangers of the series 01 bond issue are Promyshlenno-stroitelniy bank and Renaissance Broker.
During a circulation period (since October 31, 2003) effective profitability vs. repayment of UTK series 01 bonds has decreased from 13,93% to 9,32% in annualized terms by the beginning of March 2004. After 4 months of circulation owners who acquired UTK-01 bonds at their primary placement received income of 39% annual including 32.5% - from their price growth.
UTK series 01 bond issue has made a full turnover in the secondary market after 1.5 months of circulation. For 4 months of circulation in the MICEX trading volume of UTK series 01 bond stood at RUR 3, 340 mln, including RUR 815 mln for market transactions (ORT) (24% of the total trading volume), RUR 1,719 million - for negotiable transactions (RPS) (52%) and RUR 805 million - for REPO transactions (24%).
Total number of transactions has made 988 deals including 785 market transactions (79%), 154 negotiable transactions (16%) and 49 REPO transactions (5%). During the period of circulation the average-weighted price of UTK-01 bond is up 11,9% standing at 111.9% of par value as of March 15, 2004. Effective profitability vs. repayment of UTK series 01 bonds has decreased from 13,93% as at the first trading day to 9,05% as of March 15, 2004. |