OREANDA-NEWS. On 07 March 2008 Wimm-Bill-Dann Foods OJSC, the leading producer of healthy foods in Russia and the CIS, announced the successful placement of five-year bonds for a total sum of RUR5 billion.

The placement of Wimm-Bill-Dann Foods OJSC’s third series of bonds on the Moscow Inter-bank Currency Exchange (MICEX) was completed over a single day on March 5th, 2008. The issue attracted considerable interest among investors with the market seeing the largest number of orders received for the last nine months and the issue was nearly two-times over-subscribed.

As the result of an auction, the interest rate of the first coupon was established at an annual rate of 9.30% and the bond yield to the annual offer amounted to 9.52% annually. The funds from the placement will be directed towards refinancing and the development of the company.

The issue was lead-managed by Raiffeisenbank and Renaissance Capital. Sberbank acted as a co-lead manager.

The underwriters of the issue were: Alliance Rosno, UniCredit Bank, Commerzbank (Eurasia) WestLB East, Kapital Investment Company, Promsvyazbank and Transcreditbank. The following institutions acted as co-underwriters: Arbat Capital, Deutsche Bank, Region Investment Group, Rosbank, Uralsib and Everest.

The bonds, with a total nominal value of RUR5 billion, have a maturity of five years and coupons are paid on a half-yearly basis. The interest rates for both coupons in the first year are equal and amount to 9.30% annually and the rates for subsequent coupons will be set by the issuer. Theissueincludes built-in 1-year put option.