On December 22, 2011 NKNK FINANCE PLC paid out the yield in the amount of 1 million 186 thousand US dollars to the holders of NKNH-2015 Eurobonds and redeemed 1/10 portion of the bond issue in the amount of 3 million 100 thousand and 600 US dollars as per the redemption schedule.
Eurobonds of OAO Nizhnekamskneftekhim (NKNH-2015) whose inaugural issue took place at the end of 2005 were included in the listing and are traded in the Stock Exchange of Ireland (Dublin). A specially established company NKNK Finance plc (Ireland) became the issuer of the Eurobonds.
The volume of NKNH-2015 Eurobond issue was 200 million US dollars and the interest rate – 8.5 per cent per annum for the entire maturity period based on the payment of yield every six months. Maturity of Eurobonds is 10 years before their final redemption.
The volume of NKNH-2015 Eurobonds in circulation as of December 22, 2011 is 27.9 million US dollars with due account of voluntary exchange of some NKNH-2015 Eurobonds for new NKNH-2012 securities occurred on November 3, 2009 on the initiative of OAO Nizhnekamskneftekhim as well as partial redemption of the principal on June 22, 2011.
Principal redemption of NKNH-2015 Eurobonds will be made in equal 1/10 installments of the circulating issue volume every six months together with the yield on Eurobonds from June 22, 2011 through December 22, 2015.
Our company never had any defaults in its business, and the payments of coupon yields and the principal debt on all obligations were made in due time.