May 18, 2007 |
|OAO IzhAvto (city of Izhevsk) intends to place 2-series bonds in amount of RUR 2 bln in June. The first coupon rate is expected to be 10.0%-10.5% per annum, according to a source close to the deal.|
FFMS registered the issue on May 11, state registration number is 4-02-55016-Е. The 4-year issue will be sold through public offering at par price. The issue pays 8 semiannual coupons. MDM Bank is the arranger.
The issue proceeds will be used to finance the company’s working capital.
Issue: IzhAuto, 02
|Status||Default||Country of risk||Maturity (option)||Amount||Issue ratings (M/S&P/F)|
|redemption default||Yes||Russia||06/09/2011||2,000,000,000 RUB||-/-/-|
|Full company name||open joint stock company IzhAuto|
|Country of risk||Russia|
|Country of registration||Russia|