N e w s

In the section of the stock market at MICE the trade of the "ALROSA" bonds has began today, the overall volume of the stock emission totaled 500 million of roubles as the informational and analytical service informed. According to the stock-exchange rules concerning the trade at MICE without including into the rating lists the discount coupon bonds of "ALROSA" were admitted and successfully settled at the stock-exchange by two tranches.

The nominal cost of the "ALROSA" bonds is 1000 roubles; the amount of tranches in the emission is 2; the number of bonds in each tranch is 250000; the date of bond retirement from the first tranch is 26.04.2000; from the second tranch - 21.05.2000; the deffered bond income is 39.5% annually. According to Alexander Zakharov, the general director of MICE, corporate bonds gradually become an atractive tool for the issuing companies, allowing to receive in the open market considerable financial resources for the realization of the investment programs. In 1999 in the section of the stock-exchange at MICE the corporate bonds were settled for the total amount of 11.0 billion of roubles at the nominal that allowed the issuing companies to attract 10.1 billion of roubles.

Source: Finmarket