OREANDA-NEWS. On March 26, 2007 Amtel-Vredestein N.V. (LSE: AMV), a leading European tyre producer, Russia's largest passenger car tyre manufacturer and number one Russian tyre retailer, announced that it is preparing for the issue of its inaugural euro-denominated Eurobond, reported the press-centre of  Amtel-Vredestein N.V.


The company has retained Nomura International plc to manage the sale of the unsecured debt, which will have a final maturity of three years and carry a fixed rate of interest. A sales programme is currently being prepared to introduce the bond and the company as a borrower to the international capital markets.


Full details about this Eurobond transaction will follow this announcement, and it is anticipated that the issue will be launched in the second quarter of 2007, market conditions permitting. Proceeds from the Eurobond are expected to be used to refinance existing borrowings.