DOCSLIB.ORG

IMPORTANT NOTICE IMPORTANT: You Must Read the Following Disclaimer Before Continuing

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
IMPORTANT NOTICE IMPORTANT: You Must Read the Following Disclaimer Before Continuing IMPORTANT NOTICE IMPORTANT: You must read the following disclaimer before continuing. The following disclaimer applies to the offering memorandum accessed from this page, attached to this email or otherwise received as a result of such access and you are therefore advised to read this disclaimer page carefully before reading, accessing or making any other use of the attached offering memorandum. In accessing the attached offering memorandum, you agree to be bound by the following terms and conditions, including any modifications to them from time to time, each time you receive any information from us as a result of such access. Confirmation of Your Representation: You have been sent the attached offering memorandum on the basis that you have confirmed to Deutsche Bank AG, London Branch, ING Bank N.V., London Branch, J.P. Morgan Securities plc, SIB (Cyprus) Limited, UniCredit Bank AG and VTB Capital plc (collectively the ‘‘Initial Purchasers’’ and each an ‘‘Initial Purchaser’’), being the sender or senders of the attached, and DTEK Finance plc (the ‘‘Issuer’’) that (i) you are either (a) a ‘‘qualified institutional buyer’’ (as defined in Rule 144A under the U.S. Securities Act of 1933, as amended (the ‘‘U.S. Securities Act’’)), or (b) not a U.S. person (as defined in Regulation S under the U.S. Securities Act), or acting for the account or benefit of a U.S. person, and that the electronic mail address you have given to us and to which this electronic transmission been sent is not located in the United States; (ii) you consent to delivery by electronic transmission; and (iii) you acknowledge that you will make your own assessment regarding any legal, taxation or other economic considerations with respect to your decision to subscribe for or purchase any notes issued by the Issuer (the ‘‘Notes’’). By accepting this electronic transmission and accessing the offering memorandum, you shall be deemed to have made the above representation. This offering memorandum has been sent to you in an electronic form. You are reminded that documents transmitted via this medium may be altered or changed during the process of transmission and consequently the Initial Purchasers and any person who controls any Initial Purchaser, the Issuer and DTEK Holdings B.V., and any of their respective directors, officers, employers, employees, agents, affiliate or subsidiaries do not accept any liability or responsibility whatsoever in respect of any difference between the offering memorandum distributed to you in electronic format and the hard copy version available to you on request from the Initial Purchasers. Failure to comply with this directive may result in the violation of the U.S. Securities Act and/or any applicable laws of other jurisdictions. You are reminded that the attached offering memorandum has been delivered to you on the basis that you are a person into whose possession this offering memorandum may be lawfully delivered in accordance with the laws of jurisdiction in which you are located and you may not, nor are you authorized to deliver this offering memorandum to any other person. You will not transmit the attached offering memorandum (or any copy of it or part thereof) or disclose, whether orally or in writing, any of its contents to any other person except with the consent of the Initial Purchasers. Restrictions: Nothing in this electronic transmission constitutes an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful. Recipients of this offering memorandum who intend to subscribe for or purchase securities are reminded that any subscription or purchase may only be made on the basis of the information contained in this offering memorandum. Any securities to be issued will not be registered under the U.S. Securities Act, or the securities law of any State or other jurisdiction of the United States, and may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such terms are defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act or pursuant to an exemption from such registration requirements of the U.S. Securities Act and any applicable state or local securities laws. Notwithstanding the foregoing, prior to the expiration of a 40-day distribution compliance period (as defined under Regulation S under the U.S. Securities Act) commencing on the closing date, the securities may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, except pursuant to another exemption from the registration requirements of the U.S. Securities Act. This offering memorandum has been prepared on the basis that all offers of the Notes will be made pursuant to an exemption under Article 3 of Directive 2003/71/EC (and amendments thereto, including Directive 2010/73/EU) (the ‘‘Prospectus Directive’’), as implemented in member states of the European Economic Area (the ‘‘EEA’’), from the requirement to produce a prospectus for offers of the Notes. Accordingly, any person making or intending to make any offer within the EEA of the Notes should only do so in circumstances in which no obligation arises for the issuer or any of the Initial Purchasers to produce a prospectus for such offer. Neither the Issuer nor the Initial Purchasers have authorized, nor do they authorize, the making of any offer of the Notes through any financial intermediary, other than offers made by the Initial Purchasers which constitute the final placement of the Notes contemplated in this offering memorandum. 18MAR201302102819 US$600,000,000 7.875% Senior Notes due 2018 issued by DTEK Finance plc Unconditionally and irrevocably guaranteed on a senior basis by DTEK Holdings B.V., DTEK Holdings Limited and DTEK Trading Limited with certain operating subsidiaries of the DTEK Group providing sureties in respect of the Issuer’s obligations under the Notes and the Guarantors’ obligations under the Guarantees The 7.875% senior notes due 2018 (the ‘‘Notes’’) will be the senior obligations of DTEK Finance plc (the ‘‘Issuer’’), a company organized under the laws of England and Wales and wholly-owned by DTEK Holdings B.V. (‘‘Holdings B.V.’’). The Notes will bear interest at a rate of 7.875% per annum. Interest on the Notes will accrue from their date of issuance and will be payable semi-annually in arrears on April 4 and October 4 of each year, commencing October 4, 2013. The Notes will mature on April 4, 2018 (the ‘‘Maturity Date’’). Prior to the Maturity Date, the Issuer may redeem (i) all or part of the Notes by paying a ‘‘make whole’’ premium and/or (ii) up to 35% of the aggregate principal amount of the Notes with the net proceeds from certain equity offerings. The Issuer may also redeem all of the Notes at a price equal to their principal amount plus accrued and unpaid interest, if any, upon the occurrence of certain changes in applicable tax law. The Notes will be the senior obligations of the Issuer and will rank equal in right of payment with all of the Issuer’s existing and future senior indebtedness and senior in right of payment to any of the Issuer’s existing and future indebtedness that is expressly subordinated in right of payment to the Notes. The Notes will be fully and unconditionally and jointly and severally guaranteed on a senior basis by Holdings B.V., DTEK Holdings Limited (‘‘Holdings Ltd’’) and DTEK Trading Limited (‘‘Trading Ltd’’ and, together with Holdings Ltd and Holdings B.V., the ‘‘Guarantors’’). The guarantee provided by Holdings B.V. shall be referred to as the ‘‘Holdings B.V. Guarantee’’, the guarantee provided by Holdings Ltd shall be referred to as the ‘‘Holdings Ltd Guarantee’’ and the guarantee provided by Trading Ltd shall be referred to as the ‘‘Trading Ltd Guarantee’’, and the Holdings B.V. Guarantee, the Holdings Ltd Guarantee and the Trading Ltd Guarantee together shall be referred to as the ‘‘Guarantees’’. The Guarantees will rank equal in right of payment to all of the existing and future senior indebtedness of Holdings Ltd, Holdings B.V. and Trading Ltd, respectively, and senior in right of payment to all of the existing and future indebtedness of Holdings Ltd, Holdings B.V. or Trading Ltd that is expressly subordinated in right of payment to the Guarantees. In addition, the following operating subsidiaries of the DTEK Group will each provide a deed of surety (each a ‘‘Deed of Surety’’ and together, the ‘‘Deeds of Surety’’) in respect of the Issuer’s obligations under the Notes and the Guarantors’ obligations under the Guarantees: DTEK Limited Liability Company (‘‘DTEK LLC’’), DTEK Trading Limited Liability Company (‘‘Trading LLC’’), DTEK Skhidenergo Limited Liability Company (‘‘Skhidenergo’’), DTEK Pavlogradugol, Public Joint-Stock Company (‘‘Pavlogradugol’’), Limited Liability Company ‘‘Servis-Invest’’ (‘‘Servis-Invest’’), DTEK Mine Komsomolets Donbassa, Public Joint-Stock Company (‘‘Komsomolets Donbassa’’), Tehrempostavka Limited Liability Company (‘‘Tehrempostavka’’), DTEK Dobropolyeugol Limited Liability Company (‘‘Dobropolyeugol’’), DTEK Rovenkyanthracite Limited Liability Company (‘‘Rovenkyanthracite’’), DTEK Sverdlovanthracite Limited Liability Company (‘‘Sverdlovanthracite’’), Public Joint-Stock Company ‘‘DTEK Dniproenergo’’ (‘‘Dniproenergo’’), Public Joint-Stock Company ‘‘DTEK Zakhidenergo’’ (‘‘Zakhidenergo’’) and Public Joint-Stock Company ‘‘Kyivenergo’’ (‘‘Kyivenergo’’) (each a ‘‘Surety’’ and together, the ‘‘Sureties’’). The Deeds of Surety will constitute direct, general, joint and several, full and unconditional and senior obligations of the Sureties. In certain circumstances, the Guarantors and the Sureties may be released from their respective obligations as Guarantors and Sureties in accordance with the provisions of the Indenture and the applicable Deed of Surety, respectively (see ‘‘Description of the Notes—Guarantees—Guarantee Release’’), and certain operating subsidiaries may be required to become Guarantors or Sureties, as the case may be (see ‘‘Description of the Notes—Certain Covenants—Additional Guarantees’’).
Load more

Recommended publications
  • REQUIEM for DONBAS Three Essays on the Costs of War in Ukraine
    JOHANNES KEPLER UNIVERSITY LINZ Altenberger Str. 69 4040 Linz, Austria www.jku.at, DVR 0093696 REQUIEM FOR DONBAS Three Essays on the Costs of War in Ukraine By Artem Kochnev A Doctoral Thesis submitted at Department of Economics to obtain the academic degree of Doctor of Philosophy in the Doctoral Program “PhD Program in Economics” Supervisor and First Examiner Second Examiner em. Univ-Prof. Dr. Michael Landesmann Dr. habil. rer. soc. oec. Robert Stehrer May 2020 Abstract The thesis investigates short- and long-term effects of war on the economy of Ukraine. Specifically, it discusses the impact of separatists’ control and subsequent adverse trade policies on the real economy, responses of stock market investors to battle events, and the effect of conflict intensity on reform progress and institutional change in Ukraine. The thesis finds that the impact of war on the economy is most pronounced on the real economy of the war-torn regions. Whereas separatists’ control caused a decline in economic activity by at least 38%, the thesis does not find evidence supporting that the impact of conflict intensity on asset prices and institutional change in Ukraine was linear in parameters. The thesis explains the lack of the linear relationship between asset price move- ments and conflict intensity by investors’ inattention caused by information overload during the early stages of the conflict. Regarding the possible relationship between con- flict and institutional change, the thesis argues that it was electoral competition, not the conflict dynamics, that had an impact on the decision-making process of the policymak- ers in Ukraine.
    [Show full text]
  • Daily Insight Ukrproduct and XXI Century in the Spotlight
    Focus UKRAINE Scope CAPITAL MARKETS Daily Insight Ukrproduct and XXI Century in the spotlight THURSDAY, 30 APRIL, 2009 RESEARCH INSIGHT Market comment Key rates and indices (as of 29 Apr 2009) Last Daily YTD FX and capital markets yesterday chg1 (%) chg1 (%) The hryvnia weakened towards 8.07/USD as of the end of yesterday after trading Currencies within a thin bound of 8.05-8.07/USD most of the day, according to the Reuters USD/UAH (spot) 8.0700 1.38 3.46 data. The equities shifted broadly higher yesterday, as the PFTS index closed up USD/UAH (1Y NDF) 11.5000 0.00 -14.18 at 333.72 points, up 3.67% compared to the previous session. EUR/USD (spot) 1.3263 0.91 -5.12 Money market Equity market KievPRIME O/N (%) 2.20 20bp -2,078bp KievPRIME 1M (%) 17.10 0bp -668bp XXIC seeks to postpone Eurobond put date to 8 July, 2009 Bond markets As part of its US$175m Eurobond restructuring efforts, XXIC held a conference EMBI+ Ukraine 1,884 0.27 580.14 Equity markets call on 23 April to discuss the proposed restructuring terms. The outcome was PFTS (Ukraine) 333.72 3.67 10.72 twofold: 1) the bondholders representing US$135m in aggregate principal RTS (Russia) 814.78 3.92 28.94 amount have expressed in writing their intention to exercise their put option; and WIG (Poland) 28,273.93 3.50 3.84 2) the bondholders representing the majority of the principal amount have S&P 500 (USA) 873.64 2.16 -3.28 suggested that the company seek a “standstill” to postpone the put exercise date Note: 1) percentage change if not otherwise stated.
    [Show full text]
  • Reforms in Ukraine After Revolution of Dignity
    REFORMS IN UKRAINE AFTER REVOLUTION OF DIGNITY What was done, why not more and what to do next This publicaon was produced with financial Responsibility for the informaon and views set out assistance from the EBRD-Ukraine Stabilisaon and in this publicaon lies enrely with the authors. The Sustainable Growth Mul-Donor Account, the EBRD makes no representaon or warranty, express donors of which are Denmark, Finland, France, or implied, as to the accuracy or completeness of the Germany, Italy, Japan, the Netherlands, Norway, informaon set forth in the publicaon. The EBRD Poland, Sweden, Switzerland, the United Kingdom, has not independently verified any of the informaon the United States of America and the European contained in the publicaon and the EBRD accepts Union, the largest donor. The views expressed herein no liability whatsoever for any of the informaon can in no way be taken to reflect the official opinion contained in the publicaon or for any misstatement of the EBRD or any donor of the account. or omission therein. The publicaon remains the property of the EBRD. REFORMS IN UKRAINE AFTER REVOLUTION OF DIGNITY What was done, why not more and what to do next Editors Ivan Miklos Pavlo Kukhta Contents Foreword 4 Introducon What was done, why not more and what to do next: Ukrainian reforms aer the Revoluon of Dignity 7 Chapter 1 Polical economy of reforms: polical system, governance and corrupon 10 Chapter 2 Macroeconomic policies 35 Chapter 3 Rule of law 48 Chapter 4 Energy policy 75 Chapter 5 Business environment 87 Chapter 6 Land reform 101 Chapter 7 Privasaon and SOE reform 112 Chapter 8 Healthcare reform 132 Chapter 9 Ukraine and the European Union 144 Annex 1 Report on reforms in 2016-17 162 Annex 2 The role of the government and MPs in reform implementaon in Ukraine 167 About SAGSUR (Strategic Advisory Group for Support of Ukrainian Reforms) 173 Glossary of terms 174 Foreword Foreword | 4 Foreword Maeo Patrone and Peter M.
    [Show full text]
  • BWN One Column Study
    Dusting off Ukraine's energy sector Why the country must address inefficiency and pollution at its ageing coal-fired power plants September 2014 Authors list: Ioana Ciuta, CEE Bankwatch Network Ionut Apostol, CEE Bankwatch Network Acknowledgements: Oleg Savitsky, National Ecological Centre of Ukraine Slavka Kutsay, National Ecological Centre of Ukraine Editing: David Hoffman, CEE Bankwatch Network Layout: Sven Haertig-Tokarz, CEE Bankwatch Network This publication has been produced with the financial assistance of the European Union. The content of this publication is the sole responsibility of CEE Bankwatch Network and can under no circumstances be regarded as reflecting the position of the European Union. Why Ukraine must address inefficiency and pollution at its ageing coal-fired power plants 1 Contents Main findings........................................................................... 2 Power generation .................................................................... 4 Electricity production............................................................... 5 Coal – a pillar of Ukraine's energy sector................................. 6 Emissions from coal-fired power plants.................................. 7 Electricity trade........................................................................ 11 Policy avenues......................................................................... 12 Adoption of the Energy Strategy of Ukraine until 2030... 12 Ukraine in the Energy Community................................... 12 Zooming in
    [Show full text]
  • Impact of Political Course Shift in Ukraine on Stock Returns
    IMPACT OF POLITICAL COURSE SHIFT IN UKRAINE ON STOCK RETURNS by Oleksii Marchenko A thesis submitted in partial fulfillment of the requirements for the degree of MA in Economic Analysis Kyiv School of Economics 2014 Thesis Supervisor: Professor Tom Coupé Approved by ___________________________________________________ Head of the KSE Defense Committee, Professor Irwin Collier __________________________________________________ __________________________________________________ __________________________________________________ Date ___________________________________ Kyiv School of Economics Abstract IMPACT OF POLITICAL COURSE SHIFT IN UKRAINE ON STOCK RETURNS by Oleksii Marchenko Thesis Supervisor: Professor Tom Coupé Since achieving its independence from the Soviet Union, Ukraine has faced the problem which regional block to integrate in. In this paper an event study is used to investigate investors` expectations about winners and losers from two possible integration options: the Free Trade Agreement as a part of the Association Agreement with the European Union and the Custom Union of Russia, Belarus and Kazakhstan. The impact of these two sudden shifts in the political course on stock returns is analyzed to determine the companies which benefit from each integration decisions. No statistically significant impact on stock returns could be detected. However, our findings suggest a large positive reaction of companies` stock prices to the dismissal of Yanukovych regime regardless of company`s trade orientation and political affiliation.
    [Show full text]
  • Weekly Market Monitor June 7, 2021
    Weekly Market Monitor June 7, 2021 Stock Market Update STOCK MARKET PERFORMANCE Equity UX Index MSCI Emerging Markets Index* 2,000 Kyiv-listed equities ended mixed last week amid a generally dry news flow, as business activity began to slow down in the country due to 1,800 the approach of the summer season. The UX index shed 1.2% to close 1,600 at 1944 points. Lightweight index component DonbasEnergo (DOEN) 1,400 plunged by 27% to UAH 17.10 as market players saw a significant 1,200 delay in the company’s announced modernization of its power unit 1,000 #6 at Slavyansk Thermal Power Plant. CentrEnergo (CEEN) corrected Jan-20 Mar-20 May-20 Jul-20 Oct-20 Dec-20 Feb-21 May-21 by 6.3% to UAH 9.00. Raiffeisen Bank Aval (BAVL) declined by 1.6% * rebased to 44.10 kopecks ahead of the ex-rights date on Jun 8 for a dividend MARKET INDEXES payout of 3.31 kopecks per share. On the upside, UkrNafta (UNAF) Last 1W ch YTD gained 1.9% to UAH 314 and TurboAtom (TATM) added by 1.6% to UX 1944 -1.2% 20.2% UAH 8.20. As we reported earlier, the ex-rights date for UkrNafta’s RTS 1647 2.7% 18.7% UAH 35.62 dividend per share was set on Jun 11. WIG20 2254 0.8% 13.0% MSCI EM 1381 1.5% 7.0% In political developments, Parliament approved a bill that restored S&P 500 4229 0.4% 12.6% criminal responsibility for officials who provide false information on their income declarations.
    [Show full text]
  • Ministry of Energy and Coal Industry of Ukraine Is the Main Executive Au- ‣‣Thority Overseeing and Regulating the Power Sector
    Contents FOREWORD 2 SOE PORTFOLIO: SNAPSHOT 4 OBJECTIVES AND STRUCTURE 5 OVERVIEW OF SOE REFORM IN UKRAINE 6 EFFECTIVE REGULATORY FRAMEWORK OF SOEs IN UKRAINE 20 UKRAINIAN ECONOMY 33 OVERVIEW OF PORTFOLIO RESULTS 38 ELECTRICITY 46 OIL & GAS 61 TRANSPORTATION 71 RAILWAYS 73 ROADS 78 AIRPORTS 82 SEA PORTS 88 POSTAL SERVICES 94 MACHINE BUILDING 98 FOOD & AGRICULTURE 113 CHEMICALS 129 COAL MINING 137 BANKING 143 COMPANY PROFILES 153 Agrarian Fund 154 Antonov 155 Centrenergo 156 Coal of Ukraine 157 Electrovazhmash 158 Energoatom 159 Illichivsk Sea Commercial Port 160 Kharkiv State Aviation Enterprise 161 Kharkivoblenergo 162 Khmelnytskoblenergo 163 Kyiv Boryspil 164 Lviv Danylo Halytskyi International Airport 165 Mariupol Sea Commercial Port 166 Mykolayivoblenergo 167 Naftogaz of Ukraine 168 Odesa Commercial Sea Port 169 Odesa Portside Plant 170 Roads of Ukraine 171 State Food and Grain Corporation of Ukraine 172 Sumykhimprom 173 Turboatom 174 Ukrainian Sea Ports Administration 175 Ukrainian State Air Traffic Enterprise 176 Ukrenergo 177 Ukrhydroenergo 178 Ukrposhta 179 Ukrspyrt 180 Ukrzaliznytsia 181 Yuzhny Sea Trade Port 182 Zaporizhyaoblenergo 183 METHODOLOGY NOTE 184 SOE PORTFOLIO 186 ABBREVIATIONS AND DEFINITIONS 191 002 UKRAINE’S TOP-100 STATE-OWNED ENTERPRISES › FULL YEAR 2014 Foreword This is the second report on Ukraine’s 100 largest state-owned enterprises (SOEs) dis- closing their results for the full 2014. Public disclosure of such information is part of the Ukrainian government’s commitment to bring transparency to the SOE sector and communicate the change to the Ukrainian people, local and international investors, and various other stakeholders who want to see Ukraine succeed on the reform path.
    [Show full text]
  • OLEKSANDR POLONYK (SASHA), Associate
    OLEKSANDR POLONYK (SASHA), Associate Oleksandr Polonyk is an associate in the Corporate Department. He focuses on public and private M&A deals, securities offerings and other corporate transactions. Before joining Jenner & Block, Mr. Polonyk practiced law at a top-tier law firm in Ukraine. He represented clients in M&A transactions, IPOs, Eurobond issuances, as well as debt restructurings. He has substantial experience advising clients in the banking, IT, energy, and agriculture sectors. IFLR (Energy and Infrastructure 2016) commended him for his “invaluable can-do attitude.” Mr. Polonyk is fluent in Russian and Ukrainian. Mr. Polonyk’s representative experience in M&A includes the following: OLEKSANDR POLONYK Advised General Dynamics Corporation on its $9.7 billion acquisition of (SASHA) CSRA Inc. Associate Advised Snyder’s-Lance, Inc. on its $6.1 billion sale to Campbell Soup NEW YORK Company Office: 212 891-1684 Email: [email protected] Advised a lead investor on its investment in a developer and operator of greenhouse farms located near major metropolitan areas PRACTICE GROUPS Corporate Advised Altran Technologies SA, an engineering and technology consulting Corporate Finance Mergers & Acquisitions company, on the acquisition of Lohika Systems Inc, a software engineering Securities services firm EDUCATION Advised a Fortune Global 500 company on the acquisition of renewable New York University School of Law, LLM in Corporate Law, 2017 assets in Ukraine Utrecht University School of Law, LLM in Advised on the EUR122 million acquisition
    [Show full text]
  • EAVEX Daily ENG Oct 13.Indd
    Market Monitor October 13, 2011 Market Update STOCK MARKET PERFORMANCE Equity UX Index RTS Index* WIG 20 Index* 2,500 Local stocks again lagged strong gains seen on European bourses on 2,250 Wednesday (Oct 12), as Ukraine continued to receive a dressingdown from EU leaders over the conviction of former PM Yulia Tymoshenko. 2,000 The approval by Slovakia’s parliament of an increase in the EU’s bank 1,750 bailout fund fueled a rise of more than 2% in Frankfurt and Paris, 1,500 while the UX index managed a gain of only 0.5% to 1,327 points. The 1,250 11-Jul 25-Jul 8-Aug 22-Aug 5-Sep 19-Sep 3-Oct day’s best performer was volume leader Motor Sich, which added * rebased 1.5% on turnover of UAH 13mn. Other top liquid names, including CentrEnergo, Alchevsk Steel, Azovstal, and Ukrsotsbank, were up MARKET INDEXES by between 0.5% and 1%. In London, Ferrexpo continued its strong Last 1D ch 1M ch YTD rebound on fading global recession fears, picking up another 7.9% to UX 1326.4 0.7% 12.7% 45.7% RTS 1407.8 3.9% 13.4% 20.5% USD 3.30. WIG20 2316.7 2.4% 3.0% 15.6% MSCI EM 923.2 1.5% 7.0% 19.8% Fixed Income S&P 500 1207.3 1.0% 4.6% 4.0% Ukrainian sovereign Eurobonds saw a broad rebound on Wednesday. Ukrainian midterm Eurobonds added 2.0p.p. 84.0/88.0 UX INTRADAY OCTOBER 12, 2011 (10.70%/9.58%), while longterms rose by 4.0p.p.
    [Show full text]
  • Raiffeisen Centrobank AG Notice to the Holders of the Structured
    The securities issues of Raiffeisen Centrobank AG are subject to these General Securities Terms. The Final Terms (see Chapter VI of the Base Prospectus of 21 July 2006) will contain any supplementary information specific to the individual securities. Raiffeisen Centrobank AG retains the right to change these Securities Terms. SECURITIES TERMS (to FT No. 151 of 23rd April 2007) of Raiffeisen Centrobank AG for Open End Investment Certificates (see Final Terms, line 1) § 1 Investor Rights 1. Raiffeisen Centrobank AG, Tegetthoffstraße 1, 1010 Vienna ("Issuer") issues as of 6th June 2007 (see FT, line 34) a total volume of up to [see column “Volume” in the excerpt of the offering, see FT, line 43) pieces Open End Investment Certificates (see FT, line 1) pursuant to these Securities Terms, ISIN [see column “ISIN Product” on the excerpt of the offering; FT, line 2] (see FT, line 2) on the Eastbasket Ukraine Kazakhstan [see column “Underlying Instrument (UL)” in the excerpt of the offering; FT, line 11-13). 2. The structured security entitles the holder the right to claim redemption pursuant to § 9. 3. The structured securities are listed on an exchange and can be traded continuously in denominations of one (see FT, line 45) or a multiple thereof on every exchange trading day on the exchange and over the counter. Securities not listed on an exchange can be traded continuously over the counter. 4. The issuance of structured securities is done in the form of a continuous issue. 5. The issue price of the securities is fixed taking into account several different factors (e.g.
    [Show full text]
  • Weeklyoverview
    UKRAINIAN EQUITY MARKET:: WEEKLY OVERVIEW Parex Asset Management 5–6 JANUARY 2010 Republikas laukums 2a, Riga, Latvia, LV-1522 Lidiya Mudra, Financial Analyst Tel. 371 67010810 Fax. 371 67778622 http://www.parexgroup.com Email: [email protected] Equity Market The Ukrainian major exchanges started the year on a PFTS Index positive note, with PFTS index gaining 3.82% and UX 700 adding 5.09% during holiday-shortened trading week. PFTS In the metallurgical sector, the Financial Times has last week: informed that an unnamed Russian group is close to 650 buying control of the Ukrainian metallurgical +3.82% corporation Industrial Union of Donbas (IUD). According to FT, the “50%+2 shares” stake in the IUD 600 might be sold by the end of January for up to $2b. 06-Jan-10: Later in the week, Oleksandr Pilipenko, a vice 594.80 550 president within the IUD group, revealed in a Oct Nov Dec Jan statement that one of its new owners is Swiss-based steel trader Carbofer, itself co-owned by Russian below.) businessman Alexander Katunin. At the same time, In the agricultural sector, Ukraine's leading sugar PFTS index gained he did not name the others Mr. Katunin’s partners, producer Astarta Holding released 2009 operational 3.82% and UX revealing only that “none of the new owners would results. In 2009, Astarta produced more than 225ths added 5.09% during have more than a 20% stake”. There were given no tonnes of sugar (-4.5% y/y) that allowed the company the week figures for the value of the deal in the statement.
    [Show full text]
  • RESTRICTED WT/TPR/S/334 15 March 2016
    RESTRICTED WT/TPR/S/334 15 March 2016 (16-1479) Page: 1/163 Trade Policy Review Body TRADE POLICY REVIEW REPORT BY THE SECRETARIAT UKRAINE This report, prepared for the first Trade Policy Review of Ukraine, has been drawn up by the WTO Secretariat on its own responsibility. The Secretariat has, as required by the Agreement establishing the Trade Policy Review Mechanism (Annex 3 of the Marrakesh Agreement Establishing the World Trade Organization), sought clarification from Ukraine on its trade policies and practices. Any technical questions arising from this report may be addressed to Cato Adrian (tel: 022/739 5469); and Thomas Friedheim (tel: 022/739 5083). Document WT/TPR/G/334 contains the policy statement submitted by Ukraine. Note: This report is subject to restricted circulation and press embargo until the end of the first session of the meeting of the Trade Policy Review Body on Ukraine. This report was drafted in English. WT/TPR/S/334 • Ukraine - 2 - CONTENTS SUMMARY ........................................................................................................................ 7 1 ECONOMIC ENVIRONMENT ........................................................................................ 11 1.1 Main Features .......................................................................................................... 11 1.2 Economic Developments ............................................................................................ 11 1.3 Developments in Trade .............................................................................................
    [Show full text]