August 12, 2008 | Cbonds
|KD Group (Kamskaya Dolina) doesn’t plan to place a CLN issue in the near term, Vladimir Puchnin, the company’s CFO, told Cbonds. This decision results out of deteriorating market conditions. The company held a road show for its CLN issue in Hong Kong, Singapore, London, Zurich and Moscow in July. Trust Bank is the arranger on the issue.|
According to Vladimir Puchnin, the company is preparing documentation for registering ruble denominated bonds. The company decided to issue 04-series bonds maturing in 5 years and amounting to RUR2bn at the end of July. The issue will also be arranged by Trust Bank. Coupon guidance was set at 13.5%-15.0%.
Company: Kamskaya Dolina
|Full company name||Open stock company «Kamskaya Dolina»|
|Country of risk||Russia|
|Country of registration||Russia|