Source Pravda.Ru

Wimm-Bill-Dann to float bonds

The Wimm-Bill-Dann food producer is planning to issue RUR1.5bn (about $47.50m) in a bond loan, analyst of the Troika Dialog investment company Alexander Kudrin reported at the conference "The Market of Debt Securities: Results and Outlooks", today. According to him, the maturity of the loan will be three years. The issue suggests six coupon payments. The amount of the first coupon payment will be set at an auction. The rate of the rest five coupons will be linked to the Consumer Price Index (CPI). The issue is currently being registered at the Russian Federal Securities Market Commission. As Kudrin reported, the date of the floating will be posted only after the issue is registered with the Securities Market Commission.

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