OREANDA-NEWS. The Board of Directors of KAMAZ PTC (part of Rostec State Corporation) has approved the Program of Exchange Bonds of KAMAZ PTC of Series 001R and the Prospectus for Securities to be placed within the framework of the Programme of Exchange Bonds of Series 001R.

Proceeds from the bonds placement will be used to refinance the loan debt, to supply the working capital and to finance the investment program of the enterprise which provides for funding of projects to develop a new range of KAMAZ and technological re-equipment of production for its output.