METALS TRADER DIPOS TO OFFER 2 BLN RUBLES IN BONDS

摘要

MOSCOW. (Interfax) - Dipos, a metal trader for some of Russia's largest steel mills, plans to place 2 billion rubles in debut five-year bonds on the MICEX Stock Exchange on June 26, a source close to the placement's organizers told Interfax on June 7. The source said the first coupon couldyiel d 10.6 percent-10.8 percent annually. Dipos, which said in a bond memorandum that it aims to invest 1.2 billion rubles in a network of specialized metals service centers in the next two years, will use the bond proceeds to refinance its current loans (1.2 billion rubles) and bolster working capital (800 million rubles).