CJSC SVIT ELEKTRONIKY fully redeems the Series A corporate bonds

On October 21, 2008 CJSC SVIT ELEKTRONIKY fully redeemed its Series A corporate bonds. The lead-manager of the issue was ARTA Investments. OJSC CB Nadra acted as a Payment Agent.

A Series bonds with total face value of UAH 10 M were issued on October 25, 2005. The issuer duly made every coupon payment during the whole maturity period.  The interest rate for Interest Periods I-IV was 17% per annum; for Interest Periods V-VIII and IX-XII - 16,5% and 16% correspondingly.

The funds raised by the company by means of the corporate bonds placed were used for purchase of commercial facilities and transport vehicles necessary for SVIT ELEKTRONIKY retail chain development.

NOTE:

A Closed Joint Stock Company SVIT ELEKTRONIKY enters VICOTEC Group which operates in the Ukrainian market since 1994. Today VICOTEC Group comprises the companies operating in the market of electronics and household appliances. Beside SVIT ELEKTRONIKY, VICOTEC Group comprises Vicotec Ltd., a company which focuses on real estate (mainly purchase of premises for the Group’s retails channels).

VICOTEC Group ranks among Ukraine’s TOP 10 retail chains operating in the electronics and household appliances market.

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.