Moscow Bank for Reconstruction and Development (MBRD) had placed Eurobonds to the value of US$150 million, as Dresdner Kleinwort Wasserstein reported. Dresdner Kleinwort Wasserstein is a lead-manager of the issue. The coupon yield amounted an annual interest rate of 8.625%.
Eurobonds are floated by par value with the first payment date on March 3, 2005. Issue redemption is scheduled on March 3, 2008. MBRD is established in 1993 belongs to Systema. Systema controls 82 percent of authorized capital (86 percent of voting stocks) of MBRD. ALROSA had sold 13.33 percent MBRD shares to affiliated with Systema - closed JSC PromTorgCentre.
Source: AKM
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