| • Issuer, issue number: |
Sevkabel Finance, 04 |
| • Income calculation: |
|
| • Type of debt instrument: |
Domestic bonds |
| • Type of bonds: |
Coupon bonds |
| • Form of issue: |
Documentary bearer bonds |
| • Auction type: |
Coupon |
| • Placement type: |
Public offering |
| • Issue status: |
outstanding |
| • Type of placement: |
public |
| • Par, currency of issue: |
1000
RUR, 1 000
|
| • Amount: |
2 000 000 000 |
| • Registration date: |
Sep 18 2007 |
| • Report registration date: |
Jun 17 2008 |
| • State registration number: |
4-04-36062-R |
| • ISIN: |
RU000A0JPS59 |
| • DCC: |
RF0000013083 |
| • Day Count Fraction: |
Actual/365 (Actual/365F) |
| • Start of placement: |
May 27 2008 |
| • End of placement: |
May 27 2008 |
| • Date of circulation start: |
Jul 16 2008 |
| • Issue price: |
100 |
| • Coupon: |
Coupons 1-4: 13.75%, coupon 5: 12.5%, coupon 6: 10.75%; coupon 7: 9.55%; coupons 8-20 equal the CBR refinancing rate at the beginning of a coupon period |
| • Coupon frequency: |
4 time(s) per year |
| • Settlement Date: |
May 27 2008 |
| • Maturity date: |
May 21 2013 |
| • Issue Managers: |
Arrangers: VTB Bank, IG Capital |
| • Trading floor, listing category: |
MICEX, RU000A0JPS59 (Unlisted securities, Jul 14 2008) |
| • Guarantors: |
Microprovod Works
Sevkabel-Holding
|
| • Additional information: |
Guarantors: Sevcabel OJSC, Microprovod Works OJSC |
| • Investment banks: |
Bookrunner(s):
VTB
Kapital IG
Co-lead manager:
Petrocommerce Bank
Underwriter(s):
Bank Saint Petersburg
Alfa Bank
BFA
Co-underwriter(s):
Investment Bank VESTA
RONIN
IC RUSS-INVEST
Region Group
NORD-CAPITAL
NOMOS-BANK
KIT Finance Investment Bank
Evrofinance Mosnarbank
Bank of Moscow
FK URALSIB
Debt restructuring agent:
MDM Bank
|
|
Debt Servicing |
| • Status: | Default |
| • Liability type: | Ñoupon |
| • Planned date of meeting liabilities: | Nov 23 2010 |
| • Date of meeting liabilities due to technical default: | Nov 30 2010 |
| • Actual date of meeting liabilities: | |
| • Additional information: | Amount of unfulfilled obligation: RUR 8.23m. The payment was not made due to lack of liquidity. |
|
| • Status: | Default |
| • Liability type: | Ñoupon |
| • Planned date of meeting liabilities: | Aug 24 2010 |
| • Date of meeting liabilities due to technical default: | Aug 31 2010 |
| • Actual date of meeting liabilities: | |
| • Additional information: | The missed payment is RUR 38,633,175, or RUR 19.95 per bond. It was not made due to lack of liquidity. |
|
| • Status: | Default |
| • Liability type: | Ñoupon |
| • Planned date of meeting liabilities: | May 25 2010 |
| • Date of meeting liabilities due to technical default: | Jun 01 2010 |
| • Actual date of meeting liabilities: | |
| • Additional information: | The obligation was not settled due to lack of liquidity. |
|
| • Status: | Default |
| • Liability type: | Ñoupon |
| • Planned date of meeting liabilities: | Feb 23 2010 |
| • Date of meeting liabilities due to technical default: | Mar 02 2010 |
| • Actual date of meeting liabilities: | |
|
| • Status: | Default |
| • Liability type: | Ñoupon |
| • Planned date of meeting liabilities: | Nov 24 2009 |
| • Date of meeting liabilities due to technical default: | Dec 01 2009 |
| • Actual date of meeting liabilities: | |
|
| • Status: | Default |
| • Liability type: | Ñoupon |
| • Planned date of meeting liabilities: | Aug 25 2009 |
| • Date of meeting liabilities due to technical default: | Sep 01 2009 |
| • Actual date of meeting liabilities: | |
| • Additional information: | Amount of unsettled obligation: RUR 60,341,340 |
|
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | May 28 2009 |
| • Date of meeting liabilities due to technical default: | Jun 27 2009 |
| • Actual date of meeting liabilities: | |
| • Additional information: | Amount of unsettled obligation: RUR 1,928,602,000 |
|
| • Status: | Default |
| • Liability type: | Ñoupon |
| • Planned date of meeting liabilities: | May 26 2009 |
| • Date of meeting liabilities due to technical default: | Jun 02 2009 |
| • Actual date of meeting liabilities: | |
| • Additional information: | Amount of unsettled obligation: RUR 66,383,000 |
|
| • Status: | Technical default |
| • Liability type: | Ñoupon |
| • Planned date of meeting liabilities: | Feb 24 2009 |
| • Date of meeting liabilities due to technical default: | Mar 03 2009 |
| • Actual date of meeting liabilities: | Feb 27 2009 |
| • Additional information: | The issuer paid RUR 19,991,358.52 worth of coupon. The remaining RUR 46,717,521 will be paid in the framework of a technical default. |
|
|
Debt restructuring |
| • Date of restructuring: | May 27 2009 |
| • Debt restructuring agent: | MDM Bank |
| • Additional information: | Sevkabel-Finance plans to offer bondholders a debt restructuring scheme.
Sevkabel Holding has dificulties regarding servicing the debt due to lack of cash flow generated by the company's business amid the crisis.
The issuer offers to repurchase bonds at 110% in 2011-2013.
The issuer met with bondholders on July 7, 2009. |
|
