Stroimetresource ltd. appointed Vneshtorgbank to act as an arranger of its second bond issue
Expected conditions of the issue are as follows: face value is 750 million roubles, tenor is 3 years; bonds will have 6 semi-annual coupons. The remaining conditions will be determined when preparing the issue.
Bond distribution is scheduled for May 2004.
For reference: Stroimetresource is a major investment construction company engaged in large-scale housing construction in towns of the Moscow Region and other Russian provinces. Share of the company within the housing construction market in the Moscow Region is estimated to be close to 30%. As of 31 December 2003, assets of the company were 8.1 billion roubles, shareholders` equity was 4.8 billion roubles.