October 08, 2008

Amurmetall to offer RUB 3 billion bond issue

Interfax reported that the board of directors of Amurmetall, a steelmaker in Russia's Far East, decided recently to issue three year bonds for RUB 3 billion.

Amurmetall plans to place 3 million bonds with face value of RUB 1,000 in a public offering. The bonds would mature 1,092 days from the date of the initial offering.

Amurmetall processes scrap metal and produces long and flat steel products. Board chairman Mr Alexander Shishkin controls 96.8% of the company's stock.