On June 22, 2010, NKNK Finance plc paid to holders of NKNK-2015 Eurobonds income in the amount of USD 1,317,755.
Eurobonds of OAO Nizhnekamskneftekhim (NKNK-2015), originally issued at the end of 2005, were listed and are traded on the Irish Stock Exchange (Dublin). The issuer of Eurobonds was a special vehicle NKNK Finance plc (Ireland), issue arrangers were OAO MDM Bank and ZAO Troyka Dialog.
NKNK-2015 Eurobonds were issued for the amount of USD 200 mln., and annual interest rate equals to 8.5% for the whole maturity period with income payable every half of a year. Eurobond maturity period till final redemption constitutes 10 years.
As of June 22, 2010, the volume of NKNK-2015 Eurobonds in circulation amounted to USD31.006 mln., with due account for exchange of a part of NKNK-2015 Eurobonds for new securities NKNK-2012, which was effected on November 3, 2009.
Principal redemption of NKNK-2015 Eurobonds will be performed in tranches - 1/10 of issue volume in circulation - every half of a year along with Eurobond income, from June 22, 2011, up to December 22, 2015.
During the period of the Company’s activities, it has never experienced a default and paid coupon yield and principal debt under all obligations in due time, being a further confirmation of OAO Nizhnekamskneftekhim’s solid reputation as honest borrower and first-class issuer.