OREANDA-NEWS. September 22, 2010. Uralvagonzavod, based in Nizhny Tagil, Sverdlovsk Region, is to float two 7-year bond issues in October, worth RUB 6 bn. A relevant decision was made September 17 by the company BoD. At the moment, the company has a 5-year bond of series 2 in circulation, priced RUB 3 bn, which matures on October 5.

The bond was issues by the company’s SPV, Uralvagonzavod Finance. A spokesperson for the company said that of the above bond issues, securities worth just RUB 270 mn had been left unpaid. Uralvagonzavod’s current debt stands at RUB 25.7 bn.