Industrial Union of Donbass to issue eurobonds in 2007
February 15, 2007 Based on "Delo" data
Industrial Union of Donbass plans to issue eurobonds this year in amount of $300-500 mln. The issue will finance the company’s capital investments, as informed by Valentin Smirnyagin, Vice President at IUD. He noted that borrowings would cover 50% of IUD’s financing needs; the second half will be covered by own funds. He added that in the second quarter of 2007 the company hoped to obtain a credit rating.
Company — ISD