Coupon for Kievmedpreparat corporate bonds raised to 22% per annum

On October 27, 2008 OJSC Kievmedpreparat revised the coupon for its A Series corporate bonds issued in November 2007, with the 3 years maturity period (maturity date – November 16, 2010) and the coupon payable on a quarterly basis. ARTA Investments acted as a lead manager of the issue. The Payment Agent is Finance & Credit Bank.

Initially, the coupon for the first four coupon periods was fixed on the level of 14.75% per annum. However, in view of the current market situation, it was revised and raised to 22% per annum. The upcoming offer is on November 18, 2008.

On October 27, 2008 Credit Rating confirmed the rating previously assigned to the Issuer as “uaBBB”/Stable Outlook. The Company’s lending policy implies using loans along with various debt instruments in a reasonable and economically feasible manner.  

The Company invested the raised funds in innovating and developing production facilities.

NOTE

OJSC Kievmedpreparat is a leading domestic pharmaceutical company within the Arterium Corporation. It manufactures over 80 medical products representing in 10 pharmacotherapeutic groups. OJSC Galychpharm also enters the Corporation.

ARTA Investment Group includes ARTA Investment Partners Ltd., ARTA Securities Ltd., and ARTA Assets Management Ltd. Since 2002, ARTA provides a full range of investment banking services including brokerage, corporate finance and asset management. ARTA has attracted approx USD 1.5 billion of investments to the local market.