OREANDA-NEWS. December 17, 2010. The order book was closed for OJSC KAMAZ’s commercial paper series BO-01 issue with nominal value of 2 bln rubles and a put option two years from the date of sale commencement.

Over the course of book building, investors submitted 60 bids with coupon rates ranging from 8.95% to 10.00% annually. Investor demand for the securities totaled 8,999 mln rubles.

Based on these results, OJSC KAMAZ set the coupon rate on the series BO-01 commercial paper at 9.00% annually. Given the market situation, cost of placement, coupon rates on the notes and existing demand, OJSC KAMAZ has decided to satisfy 36 investor bids.

Settlements under the deal will take place upon placement of the notes on MICEX on December 20, 2010.

Placement organizers: Sberbank Russia, Troika Dialog.

About OJSC KAMAZ:

OJSC KAMAZ is the leader of the Russian market, and it ranks 11th among the largest heavy-duty trucks producers in the world. KAMAZ vehicles are used in more than 80 countries. Ten years running (1999-2008) KAMAZ has become the best Russian exporter in the sphere of machine building. KAMAZ is the company widely integrated into the world automobile business. Four joint ventures were set up with the participation of the leading foreign producers of vehicle components: ZF KAMA (gearboxes), CUMMINS KAMA (engines), KNORR-BREMSE KAMA (brake systems), and Federal Mogul Naberezhnye Chelny (details of a cylinder-and-piston group). KAMAZ is the winner of a national prize “Company-2009” in the sphere of automobile industry.