JSB “ORGRESBANK” participates in syndicate on allocation of the bonded loan of Open Joint Stock Company “Izhevsk Automobile Plant”

14.06.2007

JSB “ORGRESBANK” participates in syndicate on allocation of the bonded loan of Open Joint Stock Company “Izhevsk Automobile Plant”

MMB, “ZENIT” bank, “Petrokommerz” bank, ORGRESBANK entered the syndicate on allocation of the loan in the status of co-arrangers; MBRR, “Soyuz” bank, Svyaz-bank, BIN Bank, Credit Europe Bank, IFK “Solid, European Trust Bank – in the status underwriters; KIT-Finance, Eurofinance Mosnarbank, Sudostroitelny bank, Metcombank, LOCO-BANK – in the status of co-underwriters.

Allocation of the second bonded debt was carried out with the purpose of realization of new investment programs, and for refinancing of the current credit portfolio of Open Joint-Stock Company “IzhAuto”.

Open Joint Stock Company “Izhevsk Automobile Plant” is one of the leading automobile producers in Russia. Since 2005 it carries out industrial assembly of automobiles under license of KIA Motors Corporation. Also produces automobiles VAZ-21043 and IZH-27175 (van).


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