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TKS to Place USD 50 mln CLN’s in 2008

TKS to Place USD 50 mln CLN’s in 2008

19 December 2008

During a conference call arranged by Concorde Capital, Ivan Torsky, a CEO of a real estate developer TKS (37W1 GR: BUY) announced the company’s plans to issue credit-linked notes worth about USD 50 mln next year. Also, TKS plans to place 15-20% of its shares at its IPO late in 2009.

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