Source Pravda.Ru

ALROSA diamond giant to decide on issuing bonds in October

The supervisory council of the Russian diamond monopolist ALROSA willdecide on issuing bonds worth 3bn rubles (about $95m) in October 2002 andEurobonds worth $500m in the first quarter of 2003, the company's pressservice reported. These plans were announced by Dmitry Novikov, ALROSA VicePresident, at a meeting of executive officers last Wednesday. The company'sleadership also considered ALROSA activities in Angola and agreed that thecompany's priority in this country would be the launch of the second stageof the Catoca mining field into operation..

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