Euroset have announced intentions to issue five-year bonds for RUB 5 billion, this finance will be used to pay debt and provide further development, however, according to specialists, Euroset is unlikely to successfully place the whole emission.
The Euroset Trade House affiliated with the Euroset Group intends to place 5 million documentary non-convertible interest-bearing bonds, series 03, at par value of RUB 1,000 (USD 42.57) on the Moscow Interbank Currency Exchange. According to the company’s official documents, the decision was made at an extraordinary annual meeting March 28, 2008. The obligations might be available through the open subscription for a year. The bond’s maturity date comes in 1820 days since the first day of placement.