| • Issuer, issue number: |
M-INDUSTRY, 02 |
| • 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: |
1 500 000 000 |
| • Registration date: |
Mar 27 2008 |
| • Report registration date: |
Jul 21 2008 |
| • State registration number: |
4-02-16444-J |
| • ISIN: |
RU000A0JPTR7 |
| • DCC: |
RF0000013107 |
| • Day Count Fraction: |
Actual/365 (Actual/365F) |
| • Start of placement: |
Jul 16 2008 |
| • End of placement: |
Jul 17 2008 |
| • Date of circulation start: |
Jul 25 2008 |
| • Issue price: |
100 |
| • Coupon: |
Coupons 1,2 - 15%, coupon 3- 20%, coupon 4 - 16%, coupon 5 - 14.25%, coupons 6-10 - 10,75% |
| • Coupon frequency: |
2 time(s) per year |
| • Settlement Date: |
Jul 16 2008 |
| • Maturity date: |
Jul 10 2013 |
| • Issue Managers: |
Arranger: Uralsib |
| • Trading floor, listing category: |
MICEX, RU000A0JPTR7 (Unlisted securities, Aug 03 2009)
RTS Board, somi02 (Jun 09 2008) |
| • Guarantors: |
M-INDUSTRY
|
| • Additional information: |
Guarantor: CJSC M-Industry |
| • Investment banks: |
Bookrunner:
FK URALSIB
Underwriter:
Sberbank
Debt restructuring agent:
Planeta Capital
|
|
Debt Servicing |
| • Status: | Default |
| • Liability type: | Ñoupon |
| • Planned date of meeting liabilities: | Jan 11 2012 |
| • Date of meeting liabilities due to technical default: | Jan 18 2012 |
| • Actual date of meeting liabilities: | |
| • Additional information: | Unmet liability: RUR80.2m. The payment was not made due to lack of liquidity. |
|
| • Status: | Default |
| • Liability type: | Ñoupon |
| • Planned date of meeting liabilities: | Jul 13 2011 |
| • Date of meeting liabilities due to technical default: | Jul 20 2011 |
| • Actual date of meeting liabilities: | |
| • Additional information: | The payment was made in part: the issuer paid RUR 63.345m out of RUR 80,201,412. The payment was not made in full due to slowdown in the construction sector. |
|
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Apr 19 2011 |
| • Date of meeting liabilities due to technical default: | May 19 2011 |
| • Actual date of meeting liabilities: | |
| • Additional information: | The issuer failed to buy back 25% of bonds held by a bondholder as of the end of 15.07.2009 (in line with the debt restructuring agreement as of August 23, 2010). The issuer was to buy back 22,300 bonds worth RUR 22,937,111. |
|
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Mar 23 2011 |
| • Date of meeting liabilities due to technical default: | Apr 22 2011 |
| • Actual date of meeting liabilities: | |
|
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Mar 15 2011 |
| • Date of meeting liabilities due to technical default: | Apr 14 2011 |
| • Actual date of meeting liabilities: | |
| • Additional information: | Unmet liability: RUR 672,051.60 (660 bonds) |
|
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Jan 17 2011 |
| • Date of meeting liabilities due to technical default: | Feb 16 2011 |
| • Actual date of meeting liabilities: | |
| • Additional information: | Unmet obligation: 17.564m (17,538 bonds). The payment was not made due to lack of liquidity. |
|
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Dec 22 2010 |
| • Date of meeting liabilities due to technical default: | Jan 21 2011 |
| • Actual date of meeting liabilities: | |
|
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Oct 20 2010 |
| • Date of meeting liabilities due to technical default: | Nov 18 2010 |
| • Actual date of meeting liabilities: | |
| • Additional information: | The issuer bought back 175 bonds and didn't repay 7,565 bonds worth RUR 7.565m. |
|
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Sep 15 2010 |
| • Date of meeting liabilities due to technical default: | Oct 15 2010 |
| • Actual date of meeting liabilities: | |
| • Additional information: | Amount of unfulfilled obligation: RUR 1.548m. The payment was due September 15, 2010. |
|
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Jul 19 2010 |
| • Date of meeting liabilities due to technical default: | Jul 26 2010 |
| • Actual date of meeting liabilities: | |
| • Additional information: | On July 19, 2010 the issuer made teh payment in part buying back 191 bonds. Amount of unfulfilled obligation: 2,323 bonds. On July 22, 2010 the company bought back another 122 bonds. |
|
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Jul 14 2010 |
| • Date of meeting liabilities due to technical default: | Aug 13 2010 |
| • Actual date of meeting liabilities: | |
| • Additional information: | As stipulated by the offer as of 7.12.09, the issuer has to buy back 60% of bonds held by bondholders y the end of business day on 15.07.2009. On November 10, 2010 the issuer bought back 78 bonds.
Amount of unfulfilled obligation: 67,197 bonds. On June 9, 2011 the issuer bought back 500 bonds leaving 66,775 bonds unpaid. |
|
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Jan 15 2010 |
| • Date of meeting liabilities due to technical default: | Feb 14 2010 |
| • Actual date of meeting liabilities: | |
| • Additional information: | The issue rfailed to buy back 9,895 bonds. |
|
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Jul 20 2009 |
| • Date of meeting liabilities due to technical default: | Aug 19 2009 |
| • Actual date of meeting liabilities: | |
| • Additional information: | Amount of unsettled obligation: RUR 129,131,000. On August 19 the issuer bought back 36,349 bonds. |
|
|
Debt restructuring |
| • Date of restructuring: | Aug 23 2010 |
| • Debt restructuring agent: | Planeta Capital |
| • Additional information: | One offer targets bondholders having Series 02 bonds as of the end of 15.07.2009 and submitting them for buyback in the framework of the buyback option due July 14, 2010. Another offer targets bondholders having Series 02 bonds as of the end of 14.07.2010 and submitting them for buyback in the framework of the buyback option due July 19, 2010. Agent: Planet Capital. |
|
