By Reshmi Basu
New York, Dec. 21 - Wimm-Bill-Dann Foods OJSC said it placed its second issue of 3 billion ruble five-year bonds at par to yield 9%.
The deal was nearly two times oversubscribed.
Proceeds from the sale will be used to refinance the company's current debt and to finance future capital expenditures.
Raiffeisenbank Austria and Trust Investment Bank managed the sale.
Moscow-based Wimm-Bill-Dann is a leading manufacturer of dairy products and beverages in Russia.
| Issuer: | Wimm-Bill-Dann Foods OJSC
|
| Amount: | 3 billion rubles
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| Issue: | Bonds
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| Maturity: | 2010
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| Coupon: | 9%
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| Issue price: | Par
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| Yield: | 9%
|
| Pricing date: | Dec. 21
|
| Managers: | Raiffeisenbank Austria, Trust Investment Bank
|
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