| • Issuer, issue number: |
Promtractor Finance, 03 |
| • 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: |
5 000 000 000 |
| • Registration date: |
Jun 19 2008 |
| • Report registration date: |
Aug 26 2008 |
| • State registration number: |
4-03-36089-R |
| • ISIN: |
RU000A0JPWU5 |
| • DCC: |
RF0000013553 |
| • Day Count Fraction: |
Actual/365 (Actual/365F) |
| • Start of placement: |
Jul 30 2008 |
| • End of placement: |
Jul 30 2008 |
| • Date of circulation start: |
Sep 19 2008 |
| • Issue price: |
100 |
| • Coupon: |
Coupons 1,2 - 12%, coupons 3-6 - 18%, coupons 7-10 - 11.25% |
| • Coupon frequency: |
2 time(s) per year |
| • Settlement Date: |
Jul 30 2008 |
| • Maturity date: |
Jul 24 2013 |
| • Issue Managers: |
Arrangers: Petrocommerce Bank, Deutsche Bank
Co-arrangers: AK Bars Bank, Gazenegroprombank, IC Capital, Transcreditbank.
Co-underwriters: Alfa Bank, Bank of Moscow, IFC Solid, Royal Bank of Scotland, IC Russ-Invest, Guta-Bank, Eurofinance-Mosnarbank, Orgresbank, Region Group, International Bank of St. Petersburg. |
| • Trading floor, listing category: |
MICEX, RU000A0JPWU5 (Unlisted securities, Aug 17 2009)
RTS Board, ptrf03 (Mar 04 2009) |
| • Guarantors: |
Cheboksary Aggregate Plant
Cheboksary Industrial Tractor Plant
|
| • Additional information: |
Guarantors: OAO Cheboksary Industrial Tractor Plant, OAO Cheboksary Aggregate Plant, OAO Cheboksary Industrial Casting Plant. |
| • Investment banks: |
Bookrunner(s):
Petrocommerce Bank
Deutche Bank Russia
Co-lead manager(s):
AK BARS Bank
Gazenergoprombank
Kapital IG
TransCreditBank
Co-underwriter(s):
Alfa Bank
Nordea Bank
Evrofinance Mosnarbank
Region Group
Tver Bank
IC RUSS-INVEST
The Royal Bank of Scotland
IFC Solid
Bank of Moscow
IBSP
Debt restructuring agent:
Petrocommerce Bank
|
|
Debt Servicing |
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Apr 26 2011 |
| • Date of meeting liabilities due to technical default: | May 26 2011 |
| • Actual date of meeting liabilities: | May 03 2011 |
|
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Nov 08 2010 |
| • Date of meeting liabilities due to technical default: | Dec 08 2010 |
| • Actual date of meeting liabilities: | |
| • Additional information: | The issuer had to buy back 1,191,628 bonds in line with the covenant stipulated in the public offer as of 27.07.2009. The missed payment is RUR 1,252,150,786.12. It was not made due to lack of liquidity. |
|
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Oct 28 2010 |
| • Date of meeting liabilities due to technical default: | Nov 26 2010 |
| • Actual date of meeting liabilities: | |
| • Additional information: | On October 28 the issuer fails to honour an offer as of July 27, 2009 on Series 03 bonds. The issuer failed to buy back 264,379 bonds worth RUR 276,373,875.23. |
|
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Oct 28 2010 |
| • Date of meeting liabilities due to technical default: | Nov 26 2010 |
| • Actual date of meeting liabilities: | |
| • Additional information: | As of teh offer dated August 6, 2010 Promtractor-Finance had to buy back 68,666 Series 03 bonds worth RUR 71,781,376.42 on October 28, 2010. The obligation was not met. . |
|
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Aug 04 2010 |
| • Date of meeting liabilities due to technical default: | Sep 03 2010 |
| • Actual date of meeting liabilities: | |
| • Additional information: | Amount of unfulfilled obligation: RUR 1.892bn (1,885,712 bonds) |
|
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Jul 28 2010 |
| • Date of meeting liabilities due to technical default: | Aug 27 2010 |
| • Actual date of meeting liabilities: | |
| • Additional information: | Amount of unfulfilled obligation: RUR 285.602m |
|
| • Status: | Default |
| • Liability type: | Ñoupon |
| • Planned date of meeting liabilities: | Jan 27 2010 |
| • Date of meeting liabilities due to technical default: | Feb 03 2010 |
| • Actual date of meeting liabilities: | Nov 22 2010 |
| • Additional information: | The coupon way paid on November 22, 2010. |
|
| • Status: | Non-execution of put option |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Jan 27 2010 |
| • Date of meeting liabilities due to technical default: | Feb 26 2010 |
| • Actual date of meeting liabilities: | |
| • Additional information: | The issuer failed to honour a put option in the framework of debt restructuring. On 27.01.2010 it was supposed to buy back 1/9 of bonds submitted by bondholders who accepted the debt restructuring plan. |
|
| • Status: | Arrears |
| • Liability type: | Buyback option |
| • Planned date of meeting liabilities: | Aug 03 2009 |
| • Date of meeting liabilities due to technical default: | Sep 02 2009 |
| • Actual date of meeting liabilities: | Sep 02 2009 |
| • Additional information: | Amount of unsettled obligation: 817,511 bonds |
|
|
Debt restructuring |
| • Date of restructuring: | Aug 09 2010 |
| • Debt restructuring agent: | Petrocommerce Bank |
| • Additional information: | Buyback schedule
-31.07.2009 or 03.08.2009 - 1/10 of the submitted amount;
-27.01.2010 - 1/9 of the submitted amount;
-28.07.2010 - 1/8 of the submitted amount;
-28.10.2010 - 1/7 of the submitted amount;
-26.01.2011 - 1/6 of the submitted amount;
-26.04.2011 - 1/5 of the submitted amount. |
|
