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20 August 2010

Gazprombank to underwrite Avtodor bonds

On August 19, 2010 the results of the tender to underwrite and place corporate ruble bonds of the Russian Highways State Company were announced.

There were eight bidders: Gazprombank, Promsvyazbank, NOMOS-BANK, Troika Dialog Investment Company, Svyaz-Bank, VTB Capital, ROSBANK, and URALSIB Capital.

Gazprombank was declared the winner of the tender.

In 2010 Avtodor State Company plans to place bonds worth 3 billion rubles with a five-year maturity.

The borrowed funds will go to finance the construction of toll sections of the M-4 Don federal highway.