Thursday, March 13, 2008

Kylie winemakers put bonds at 1 billion rubles

Kylie winemakers put bonds at 1 billion rubles

The following year, "Russian vine" will issue bonds first series volume 1 billion rubles. The decision follows the company board of directors. The resulting placement will include improvements in production facilities, as well as early repayment of short-term loans.

UAB is the main organizer of "24" VTB, soanderrayter - OAO "Bank" Rusich Center. According to RBC daily, the duration of treatment of 3-year bonds. The proceeds funds will go to upgrade production facilities for bottling and storage products, also the introduction of additional primary processing cycle in the wine grape vineyards and the increase "Russian vine."

According to the experts, the bond issue will be good prospects in the event that "Russian vine" appoint an adequate cost loans. According to Deputy Mulyukin IR-Invest "Titan" Tatyana Bondarenko, Issue bond issue said that the company has some level of openness, which is very important for Russian enterprises.

But Artem Khachatryan, Director of IR "Finam" in Rostov-on-Don, questioned the effective deployment. "We must underwriter customers who are willing to buy these bonds, then it is meaningless. But banks typically do not specialize. Moreover, "VTB 24" no "discretionary bond ruler.

Information: The plant "Russian vine" (Anapa, Krasnodar) belongs to the company "M-Vinikom", the Russian table wines produced using technology bottling metallized bags in boxes ( "bag-in-box"). Ltd. "M-Vinikom" - supplier of wines from France, Italy and Spain.

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