OREANDA-NEWS. June 15, 2007. Izhevsky Automobile Plant (IzhAvto included into SOK Group) placed the second issue of bonds worth 2bn rub. in full, the company informed.

The bonds were placed June 14 through the open offering on MICEX at par. The issue included 2mln pcs of 1 ths rub. par and 4 years in the maturity. The first coupon rate set at 9.79% ann.. The arranger is MDM Bank; co-arrangers - MDM Bank, Zenit Bank, Petrocommertz Bank, Orgresbank. The raised funds will be invested in the current credit portfolio (80%) and investment programs (20%). The first issue of bonds worth 1.2bn rub. was placed in March 2004; the arranger was Alfa Bank.