EBD provides 9.5 bln rbl to Kamaz for investment program

MOSCOW, Nov 19 (PRIME) -- The Eurasian Development Bank (EDB) has provided a 9.5 billion ruble financing, including for investment, to Russia’s largest truck maker Kamaz, the bank said on Monday.

A source familiar with the deal said the EBD provided financing to Kamaz by buying a stake in the company from its financial and leasing unit and buying Kamaz’ bonds. Kamaz said earlier its financial and leasing subsidiary of the same name sold 3.72% in the parent company.

While making the investment, the bank used the tools of equity and bond financing thus allowing Kamaz to form an optimal fund raising structure, the bank said without providing any details.

(65.9931 rubles – U.S. $1)

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