OJSC Uralsvyaz is set to kick off a big road show for its ninth corporate bond to date beginning in the city of Perm on August 13, 2002. The director general of OJSC Uralsvyazinform Vladimir Rybakin and chairman of the Supervisory Board of Veb Invest Bank Alexander Vinokurov and director of the investment banking services department for Renaissance Capital, Alexander Merzlenko elucidated the business and financial status of OJSC Uralsvyazinform and laid out the opportunities for development of the largest Urals-based telecom operator. Analysts also provided an overview of company's MICEX debt instruments, and gave investors an update on of its upcoming corporate bond issue. OJSC Uralsvyazinform plans to proceed with a Rub 1 bn bond issue, which is scheduled to begin on August 22, 2002 on the Moscow Interbank Currency Exchange (MICEX). Placement will be made by way of public subscription. Proceeds from the placement are to be allocated towards financing the company's most profitable telecommunications projects, especially in the sphere of cellular and long-distance traffic telecommunications. The next phase of the road show will feature presentations in the city of Tyumen on August 15th, then on to Yekaterinburg on August 16th , Saint Peterburg on August 19th and finally August 20th in Moscow.
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