07.04.2009, 21:06
GAZ Group Reported Debt Restructuring Scheme
OREANDA-NEWS. April 7, 2009. GAZ Group reported on Monday the debt restructuring scheme for its RUB 5 bn debut bond issue. According to the press release, the car maker undertakes to buy back 4.5 mn bonds at the RUB 1,000 par value in parts, namely 750,000 bonds on December 15, 2009, 500,000 bonds on March 15, 2010, 1 mn bonds on June 15, 2010, 1 mn bonds on September 15, 2010 and 1.25 mn bonds on December 12, 2010. The offer is valid until December 31, 2010 inclusive or until the moment when the issuer has fully performed its obligations on bond buyback and/or redemption.
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