Moscow, August 18, 2006– on the 17th of August the placement of the second bond issue of LLC SUN Interbrew Finance, a fully owned subsidiary of the brewing holding company SUN Interbrew, took place at MICEX. According to the results of the competitive tendering, the first coupon rate was fixed at 8,00 % p. a.. Accordingly, the yield-to-maturity was 8,16 % p. a..
During the competitive tendering for the first coupon rate, a total of76 investors applied for an aggregate sum of RUR 9,68 billion, what 2,4times exceeds the nominal value of the issue. Investors quoted rates ina range of 7,00 % - 8,50 % p. a., and the issue was placed in full atthe auction.
CJSC Raiffeisenbank Austria is the arranger and underwriter of the issue.
Co-arrangers of the issue were Deutsche Bank, ING Bank (Eurasia),Commerzbank, International Moscow Bank, Bank WestLB Vostok, DresdnerBank, Morgan Stanley bank. Underwriters of the issue were Kapital IG,Gazprombank, HSBC Bank (RR), ABN AMRO Bank, Eurofinance Mosnarbank,Soyuz Bank, TRUST Investment Bank, NOMOS-BANK.
The bonds are the semi-annual bearer 3-year bonds with a total nominalvalue of RUR 4 billion. In accordance with the emission documents, therates of the second and subsequent coupons are equal to the first couponrate.
The proceeds from the bond issue will be used for refinancing of theexisting short-term debt of OJSC SUN Interbrew.
SUN Interbrew, Russian subdivision of InBev, world''s largest brewingcompany, is planning to place 3 bond issues in 2006– 2007, totaling RUR 11 billion.
OJSC«SUN Interbrew», Russian subdivision of InBev, world''s largest brewing company, (www.inbev.com), – is one of the leading brewing companies in the region with 8 breweries in Russia, as well as its own distribution network. The company is rated 2nd in Russia in terms ofbeer production volume. The company''s major brands in Russia are Stella Artois, Beck''s, Staropramen, Hoegaarden, Brahma, Lowenbrau, Klinskoye, Sibirskaya Korona, Tolstiak and BagBier.
Raiffeisenbank is one of the leaders of the Russian corporate bondmarket. In the period from 2001 to 2006, the Bank has organized orco-organized 73 corporate bond issues with a total nominal value overRUR 211 billion.
CJSC Raiffeisenbank Austria is the 8th largest bank in Russia in termsof assets as of the 1st quarter of 2006 (EAC Interfax). The Bank has 19outlets in Moscow, 5 in St. Petersburg, and regional branches inEkaterinburg, Samara, Novosibirsk, Chelyabinsk, Nizhny Novgorod andKrasnodar. Moody''s Interfax Rating Agency granted the Bank a long-termcredit rating on the national scale of Aаa.ru, and the short-term credit rating RUS-1. Moody’s Investors Service granted CJSC Raiffeisenbank Austria: D – Financial Strength Rating, long-term – Baa2, and short-term – Prime-2 foreign currency deposit ratings.
CJSC Raiffeisenbank Austria is an affiliate of Raiffeisen InternationalBank-Holding AG (Raiffeisen International), a holding company,controlling subsidiary banks and leasing companies in 16 markets inCentral and Eastern Europe. The Bank serves 10 million clients at morethan 2700 business outlets. Raiffeisen International is a fullyconsolidated subsidiary company of Raiffeisen Zentralbank Austria AG(RZB), which owns 70 % of the common stock. The remaining 30 % is freefloat; the shares are traded on the Vienna Stock Exchange. RZB is thecentral institution of the Raiffeisen Banking Group, the principalcorporate and investment bank, and the leading bank in Austria, as wellas in Central and Eastern Europe.
For additional information please contact:
Nikita Patrakhin, Head of Corporate Financeand Investment Banking Division
Tel. +7 (495) 721-28-46
OJSC SUN Interbrew
Joseph W. Strella, President
Alexey Shavenzov,Media relations manager
Tel. +7 (495) 960-2360