OREANDA-NEWS. July 24, 2007. The means will be sent for redemption of stock of KAMAZ Inc. at the rate of 10% of authorized capital under the stipulation that the shareholders make an appropriate decision at the special general meeting of KAMAZ Inc. which is scheduled for 6 August 2007.

Bonded debt will be placed after the shareholders’ stock applications are collected, i.e. at the end of September – beginning of October 2007.

Bonds will be placed by KAMAZ-Finance Ltd. (the associated company of KAMAZ Inc.) under the guarantee of the parent company. After the funds are received by KAMAZ-Finance Inc. from bond placement, they will be transferred to KAMAZ Inc. in full on the same terms on which placement will be fulfilled. The investment company Troika-Dialog PLC and Zenith Bank PLC were assigned organizers of bonded debt issue. They showed their worth as organizers of the last year bond issue of KAMAZ-Finance Ltd.

The first two bond issues were conducted in 2003 and 2004, for 1,2 and 1,5 million roubles, respectively. The bonds were meant for long-term investment project funding.