Salavatsteklo names the day for bond issue

Russia“s JSC Salavatsteklo intends to place its RUR 750 million primary bond issue on 29 March 2005.
The issue, including 750.000 securities at a par value of RUR 1.000 rubles will be floated on MIC…

Russia“s JSC Salavatsteklo intends to place its RUR 750 million primary bond issue on 29 March 2005. The issue, including 750.000 securities at a par value of RUR 1.000 rubles will be floated on MICEX (Moscow Interbank Currency Exchange). The bonds have a maturity of three years and stipulate six half-year coupon payments. The coupon rate will be determined at tender during the placement and is fixed for the whole period of maturity.