Mining Machines has success in placement of fixed income instruments
"Successful public placement of the first issues of bonds - is an important step in forming public credit history of the company and proof of its credibility and investors' trust", - Marina Grashchenkova, the head of Corporate Finance Department of SIC Mining Machines, stated.
The funds raised will be spent on production volumes increase, modernization and repair of existing production as well as on working capital of the issuer.
The placement is done in five series UAH50 mio each. The maturity is after three years, yield is 18 % per year. The coupon will be paid quarterly. The issue is registered by the National Securities and Stock Market Commission on October 25, 2012. Altana Capital is the underwriter. The bond were placed in PJSC PFTS Stock Exchange.