AvtoVAZ to issue $100m in Eurobonds next year

18.03.2003 04:15

At the beginning of 2004 AvtoVAZ is planning to issue Eurobonds totaling $100m, Vladimir Kadannikov, the Chairman of the Board of Directors of AvtoVAZ, has declared today. According to him, by the end of this year the company is planning to accomplish preparations for the securities issue. Kadannikov pointed out that an additional issue of shares would not be conducted due to the planned Eurobond issue.

Moreover, he said that the automobile manufacturing plant was considering the possibility for issuing GDR. Preparations concerned with this question have already started, Kadannikov added.

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