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GAZ bought back 19.5% of bonds

February 19, 2008 | AK&M

GAZ-Finance (SPV of GAZ) bought back 19.5% of the first issue of bonds worth 5bn rub. within an offer, the company informed.

967451 bonds were acquired. The bonds were placed Feb. 14 in the volume of 5mln pcs of 1ths rub. par for 5 years in the maturity.

The raised funds will be spent to cover the short term credit portfolio and to optimize the debts structure and free the assets placed in pledge.

Issue: GAZ-Finance, 01

StatusDefaultCountry of riskMaturity (option)AmountIssue ratings (M/S&P/F)
redeemedYesRussia02/08/20115,000,000,000 RUB-/-/-

Company: GAZ-Finance

Full company nameGAZ-Finance
Country of riskRussia
Country of registrationRussia
IndustryEngineering industry

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