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Perm-Proton Motors raises 100m rubles

Financing for Angara programme

Published: 11/2/2000

OAO Proton-Perm Motors is in the process of placing 1m bonds with a par value of 100 rubles, a floating rate coupon and two year maturity to both institutions and individuals.

The placement will be completed by the 16th February 2001 according to Vadim Supnikov of Avia-Trust -Invest, which is underwriting the issue. The Proton-Perm board agreed the issue in August and the proceeds will be used for working capital for the Angara launch vehicle programme unfixed coupon income. The placement of bonds will be completed on February 16, 2000. Proton-Perm Motor primary product is the production of the first stage of the Proton-M launch vehicle and is owned by ZAO Perspectiva-Perm Motors, OAO Upravleniye-Perm Motors, Krunichev Center, Rer Holding Company.

Article ID: 2172

 

 

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