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Severstal-Auto does not exclude Eurobond placement next year.

September 30, 2005 | AK&M


Severstal-Auto does not exclude an opportunity of Eurobond placement next year, Financial Director of the Company Nikolay Sobolev said.

The Company can place both at once Eurobonds, or CLN and then Eurobonds.

N. Sobolev noted the decision will be made depending on presence of investment projects requiring available assets. Presently net indebtedness of Severstal-Auto makes up US$80 million from which US$50 million are six-year ruble bonds with an offer in three years due to early 2007.

For the year 2004 Severstal-Auto reduced car sales 10.8 percent to 70.07 thousand units.



Company: SOLLERS

Full company nameOAO SOLLERS
Country of riskRussia
Country of registrationRussia
IndustryEngineering industry

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