On January 29th 2008 in Moscow in "Balchuk Kempinsky" hotel and on February 5th 2008 in Tyumen, "Tyumen" hotel IC "SMOLENTSEV and Partners" (http://smolentsev.com/) together with CJSC "BFI" (http://www.bfi.ru/), CJSC "R.O.S.T. Corporate Projects" (http://www.rostcp.ru/) and JSC "Stock exchange "Russian Trade System" (http://www.rts.ru/) have presented Project of "Club bonds" – Program of debt financing for average companies. This new and rather perspective direction of development of market of tools with fixed profitability, program of financing average business. Within the limits of a meeting the presentation of pilot project – bonded loan GC "AgroIntel" has been carried out. Accommodation of loan GC "AgroIntel" among qualified investors is organized by IC "SMOLENTSEV and Partners" and Joint-Stock Company "R.O.S.T. Corporate projects" with participation of Consulting group "BFI". The program of "Club bonds" is directed on realization of advantages of syndicated investment crediting and release of debt securities that allow to create essentially higher level of convenience, availability and protection against risks for investors. Interests of investors getting the bonds, are provided with following factors: 1) presence of direct communication between the right of prescheduled repayment of bonds and a financial condition of the emitter through the covenant mechanism; 2) emitter takes up the obligation on granting quarterly access to the actual information on activity and a financial condition of the emitter in the form of the standard report, access to information is guaranteed; 3) presence of liquidity of let out securities within the limits of RTS Board platform, a share of one purchaser at accommodation is no more than 20%; 4) higher level of profit concerning debt papers comparable on credit quality; 5) accommodation of securities on closed subscription which provides the most comfortable regulation.
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