Bond Market Highlights: Sovcomflot Lines Up Debut Bond Offering

News - October 13, 2010

Open Joint-Stock Company Sovcomflot (ОАО “Совкомфлот”) is arranging the first ever U.S. dollar-denominated bond issue.

Sovcomflot is Russia’s largest state-owned shipping company. Its fleet is among the world’s five leading tanker companies. The company will hold a series of meetings with investors this week. Thereafter, further detailed information on the proposed IPO (initial public offering) will be made available.   

For more information, please call your private banker.

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