Open joint-stock company "United metallurgical company" (UMC) intends to float 3-year bonds to the value of 3 billion rubles in May-June of 2005, as the president of the Company Anatoly Sedyh reported to journalists at the summit "Stal-CIS", organized by Adam Smith Conferences.
The head of UMC underlined that in the immediate future company is not about to attract loans or to place Eurobonds. The JSC UMC has in its disposal owned funds to finance company projects. It is supposed that bonds will be placed at the Moscow Interbank Currency Exchange.
Source: AK&M
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