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ALROSA to float bonds in October

Russia » Economics

The ALROSA diamond-cutting enterprise will float bonds for 3bn rubles(about $95.2m) in October 2002, First Vice President of the company FyodorAndreyev reported in an interview with journalists today. According to him,this will be three-year bonds with 16 percent coupons. Coupons will be paidout every six months. In addition, offers may also be paid. The company isexpecting the bond yield to reach 18 percent, Andreyev noted..

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&to=http://www.alrosa.ru' target=_blank>ALROSA

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