The placement of bonds of RusAl Finance, totaling RUR3bn ($95m), will beginon September 11, 2002 by means of open subscription at MICEX. Thisinformation was announced by the Press Service of Rosbank, which is theleading organizer and underwriter for the issue of bonds along with theTrust and Investment Bank. The co-underwriters are Vneshtorgbank, theIngosstrakh-Soyuz bank and Raiffeisenbank Austria. Additionally,Raiffeisenbank Austria is acting as a financial consultant. The state registration number of the issue is 4-01-36012-R, and its volumeis 3m bonds with the face value of 1,000 rubles ($31.68) each. Couponinterest for the bonds will be paid every six months. The annual couponinterest rate for the first two coupons is 18%, and the correspondingfigures for the coupons 3, 4 and 5, 6 are 12% and 10% respectively. Anannual offer of bonds on behalf of the RusAl company will also beavailable. .
The choice of the city of Helsinki is not incidental as the capital of Finland had hosted US-Soviet negotiations on the limitation of nuclear stockpiles in 1969