Alfa Bank acted as a lead manager of United Heavy Machinery’s issue of Credit Linked Notes
15 Nov 2002
The Euroclear-eligible CLNs were arranged by Alfa Bank and Vneshtorgank, while ING Bank acted as the depositary bank. Thus, Alfa Bank and Vneshtorgank were the first Russian banks acting as lead managers of a CLN issue.
UHM is Russia’s largest heavy engineering company and consists of 24 enterprises. UHM was created via a merger of Uralmash, Izhorsky Plants, Krasnoye Sormovo, et al and organizes its business along six major lines: oil & gas rig equipment, equipment for nuclear power plants (NPPs), metallurgical equipment, mining equipment, shipbuilding, and special steels. The company has over 40,000 employees. UHM controls 70% of the Russian market for oil & gas drilling equipment, up to 90% of the metallurgical equipment market, 55% of the complex metallurgical equipment market, more than 90% of the mining equipment market and 100% of the NPP equipment market. UHM enjoys annual revenue of $313 mln and EBITDA of around $33 mln.
For more information please contact: Gorokhovskaya Olga, Ph.D,
Fixed Income analyst, Alfa Bank
tel. +7 (095) 786-48-77
e-mail: ogorohov@alfabank.ru Khrapchenko Lyudmila,
Senior specialist, Structured Products,
Fixed Income Department, Alfa Bank
tel.: +7 (095) 795-36-90
e-mail: LKhrapch@alfabank.ru
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