Pharmacy Chain 36.6 places bonds

4 JULY 2006, MOSCOW – OAO Pharmacy Chain 36.6 [MICEX: RU14APTK1007; RTS: APTK] placed bonds worth 3 billion rubles through public subscription on the MICEX.

Coupon rate is 9.89% per annum.  The issuer will offer to buy back the bonds at 101.5% of the par value in 2 years from the date of placement.

The bonds will mature in 3 years.  ZAO “Apteki 36.6” is the guarantor under the bonds issue. Vneshtorgbank, the Bank of Moscow and Troika Dialog are the organizers and underwriters of the bonds issue.

Sergei Krivosheev, Chairman of the Board of Directors, Pharmacy Chain 36.6:

“Pharmacy Chain 36.6 for the first time approaches the public capital markets. The proceeds from the bonds placement will be used to refinance the Company’s current debt as well as on further acquisitions of regional pharmacy chains.  As a result, the Company gains the opportunity to decrease its debt servicing costs and align the debt maturity with that of the investment portfolio of the Company.”

(PDF, 29,46 ÊÁ)

Press-release