KAMAZ relies to place the bonds
July 11, 2007 AK&M
KAMAZ Finance as SPV of KAMAZ is going to place the third issue of bonds in the volume of 6.5bn rub., the company informed.
The bonds will be placed through the open offering on MICEX (6.5mln bonds of 1ths rub. par and 5 years in the maturity).
The first issue worth 1.2bn was released in 2003; Zenit Bank and Vneshtorgbank being the arrangers. In autumn 2005 KAMAZ bought back the
bonds in the volume of 1.192bn rub. which covers 99.3% of the share capital.
KAMAZ is one of the leading automakers in Russia. The Group managed to raise the sales 27.3% to gain 59.4bn rub.; the sales of trucks rose 34% to 43.344th.
In IQ the sales increased 40.7% to reach 16.7bn rub. including 45.7% of tructs sales (11.062th).
The share capital is worth 39.3bn rub. split in 785747574 common stocks of 50 rub. par; the government has 34.01%.
The 2005-revenues gained 54.098bn rub.; net profit coming up 54% to 320.5mln rub.; in 2006 the net profit came to 1.4bn rub..
Company — KAMAZ-Finance
Full nameLLC KAMAZ-Finance