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Tuesday, May 29, 2007

XXI Century Looking For Money

XXI Century id going to issue Eurobonds with total amount as USD 175 mln. Looking at my previous post about its Chairman' Lev Partskhaladze opinion, I understood, why he did bright forecasts. Before the issue, investors waiting a good news. But truth is pretty different, in my mind.

Anyway, the issues starts at May 25 in Luxembourg stock exchange. Discount is assumes as 10% with semi-annual payments. They intend to retire the debt at 2010.

All issue amount company plans to invest in new and existing real estate projects, including some objects for Euro-2012.

Good luck, guys!