Finance & Credit To Finalize Holding In Autumn, Borrow ~USD 50 mln Abroad.

AvtoKrAZ’s management announced plans to finalize the structure of KrAZ Industries Holding in autumn and present it to the public. In autumn the group intends to borrow ~USD 50 mln externally through the placement of Eurobonds or by attracting a syndicated loan.  AvtoKrAZ itself announced planned CapEx at USD 5 mln in 2006 – in line with our projections. Concorde Capital: The USD 50 mln  the company attracts will most likely be directed for the capacity development of Stakhanovsky Wagon Works (SVGZ), the other major asset to be included in KrAZ Industries Holding, production of which, according to the company’s management, is expected at 4 ths carriages this year, 14% above existing capacity.