20 Sep 2010 16:41

Uralvagonzavod to issue 6 bln rubles in bonds

MOSCOW. Sept 20 (Interfax) - The board of directors of OIJSC Uralvagonzavod from Nizhny Tagil, Sverdlovsk region, has approved placement of a second seven-year bond series totaling 6 billion rubles, the company said in an official statement.

In each, the machine-building outfit plans to place 3 million securities with face value of 1,000 rubles per in open subscription.

Placement should follow no more than two weeks after the reportage of state registration and the end of placement will fall on the tenth working day after the start of placement, or when the last bond in an issue is placed, but no later than on year from the date of state registration.

The SPV LLC Uralvagonzavod Finance has a second series of five-year bonds (3 billion rubles total) already in circulation. These mature October 5.

Uralvagonzavod is a multi-sector machinery-building complex wholly owned by the Russian state property fund Rosimuschestvo. It makes roughly one hundred different products, including military and road-building equipment, and a variety of railcars.