2000.05.24, Trigon Property Development, TLN

VIISNURK

ANNOUNCEMENT



LOAN AGREEMENTS



AS Viisnurk will today make loan agreements with Hüvitusfond and Eesti 

Ühispank, and an agreement with Hüvitusfond to conduct a closed bond issue. 

The proceeds from loans and bond issue will be used for building a new 

glued solid wood panels production factory of AS Viisnurk in Pärnu.



Viisnurk will borrow from Hüvitusfond EEK 38 million; the loan is due back on 

05.11.2007. The loan interest rate is 6 months EURIBOR + 3.1% annually.



Volume of closed bond issue, organized by Hüvitusfond, is EUR 2 million. 

The bonds' maturity is four years and coupon rate 7.4% annually. 



Viisnurk will borrow from Eesti Ühispank EEK 19 million. The loan is due back 

on 05.11.2007. The loan interest rate is 6 months EURIBOR + 3.1% annually.





Andrus Aljas

CFO

+372 50 18 310