E-Malt.com News article: 1915

Russia: Bonds of PIT Investment LLC will be included into the list of non-listed securities and permitted to be sold in the Moscow Interbank Currency Exchange, according to the Russian Brewers Union. The company securities have been authorized to be sold since November 27 in accordance with the Regulations of Listing, Authorization of Securities for Floating and Circulation and Regulations of Trade in Securities in MICE.

The press service of the TRUST Bank acting as arranger, underwriter and payment agent for the bond loan, informed that the placement of the PIT Investment Company securities in the par value volume of 1 billion roubles took place on October 02, this year. The bonds will circulate for 3 years, with a half-year coupon being paid up thereon. The joint guarantors of the issue are: PIT LLC, LLC PIT Company, CJSC Ivan Taranov Breweries, OJSC Amur-Beer, LLC Northern Winds Distribution, LLC PIT International. PIT Investments LLC was founded in 2003 by resolution of the limited liability company "Ivan Taranov Breweries" to attract resources in the financial markets. The PIT Group ranks six in the beer products market of Russia (4.2% of the market).



12 December, 2003