OREANDA-NEWS. On December 09, 2008 LLC “International Car Holding “Atlant-M” declared its repaying A series bond loan and paying out coupon yield on A and B series securities offered, reported the press-centre of UkrSibbank. 

Out of placed bond issue for the amount of UAH 50 mln bonds for the amount of UAH 49.027 mln were offered. A closing coupon yield to amount to 13.5% for the total amount of UAH 1.683 mln was paid out per each series A bond offered at UAH 1000 par value and for the total amount of UAH 748.149 thou of series B bonds offered at 15% coupon rate.

Initial offering started on December 11, 2006 via a leading bond issue underwriter of JSCIB “UkrSibbank”. LLC “Intercar Ukraine Ltd.”, LLC “Autohaus Kyiv”, LLC “Autohaus Atlant-M” acted as guarantors of the issue.

The raised finance was directed at the implementation of strategic plans of the holding in Ukraine, i.e. the construction of new car showrooms and acquisition of the existing car businesses.

Sergiy Savytsky, “Atlant-M” CEO in Ukraine:
“Atlant-M” holding is so far the first car dealer network to have fulfilled its obligations to investors fully and in time. The loan and interest income on bonds were repaid at the expense of free funds of the Holding. Being a responsible borrower is of great importance for us indeed. Furthermore, it makes the difference for investment banking and car market on the whole and is a prerequisite for efficient future cooperation. A successful placing of bond loan provides us with possibility of using financial instruments for business development in the future as well”.

Tymofiy Martsynkevych, “Atlant-M” Finance Director:
“We have repaid a bond loan fully and within the deadlines required. Despite negative information on the market condition in general and car industry in particular we managed to fulfill obligations on our bond loan in Russia a month earlier. Thus, we proved the fulfilling of obligations given to our investors is of primary importance for us.”

Ruslаn Kіlmukhаmеtоv, Head of Corporate Finance Division of JSCIB “UkrSibbank”:
“The company has testified to its professional level and regard for investors having prepared to pre-scheduled redemption of bonds in advance. Despite complicated situation in the financial system and economy the deal on securities redemption proved to be successful. The investors have fully appreciated this as well. Such a major contribution to public credit history of the company will facilitate the financing of its further development, I believe.”