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N e w s
January 14th
Supervisory board of JSC “Alros” made a decision to accept the report on the net result of the
bonded loan series 01. The flotation of the loan was finished on Dec 16,1999. The issue of six-month
discount bonds of total value 500 million rubles was divided into two tranches 250 million each.
After the President elections this is going to be the first bond redemption among the new debts of
the largest Russian companies which appeared on the Russian stock market in 1999. Credit history of
the new market debts might start to develop as early as in the spring 2000 and the redemption of
Alros bond series 01 will become a determinative factor in the development of the whole segment of
the market of corporate bonds in Russia.
The source: Finmarket
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