OREANDA-NEWS. April 26, 2010. The supervisory council of Tverskoy Wagon Plant decided to place commercial papers of BO-1 series in the volume of 2bn rub the company informed.

2mln bonds of 1ths rub. par and 3 years in maturity will be placed through the open offering at par.

Now the primary issue worth 1bn rub is under circulation. It was launched in 2006 and placed on MICEX through the open offering (1mln bonds of 1ths rub. par and 4 years maturity).

TVZ is one of the leading wagon plants in Russia and CIS. The major holder is the government (42.48%), 25% being held by Transmashholding.

The share capital is worth 0.25mln rub split in 249605 common stocks of 1 rub. par.

The 2008-net profit rose 2.7 fold to 574.958mln rub. against 212.796mln rub prior year; revenues being up 39% to 24.676bn rub from 17.695bn rub.

The 9-month net profit declined 37% to 221.39mln rub; revenues moved down to 13.889bn rub. from 17.607bn rub.