UNI - EN REPORT No13/2014
The Board of Directors of Industrial Milk Company S.A. (hereinafter the Company) informs that, following the issuance of current report No. 11/2014 dated 15 October 2014, a Subsidiary of the Company (Burat-Agro LLC) placed bonds to the amount of UAH 140 mln (equivalent to USD 9.33 mln) with the following details:
- series D - UAH 75 mln, maturity 21 December 2015
- series E - UAH 65 mln, maturity 19 December 2016
Proceeds from bonds of series D and E were used for the following purposes:
1) Partial redemption of bonds of series B to the amount of USD 4.33 mln. Total amount of bonds of series B is USD 9 mln, maturity - 24 December 2014.
2) Full redemption of bonds of series C to the amount of USD 5 mln. Total amount of bonds of series C is USD 5 mln, maturity - 23 December 2015.
18 December 2014 a Subsidiary of the Company (Burat-Agro LLC) redeemed the rest amount of bonds of series B and paid fifth coupon on bonds of series B using own funds of the Company in the following amount:
Total payment: UAH 75 010 136.25 (equivalent to USD 4.8 mln).
Hereby, as of 19 December 2014, the Company timely and fully redeemed bonds of series B (equivalent to USD 9 mln) and bonds of series C (equivalent to USD 5 mln).