Arsenal covered the bonds

Arsenal Engineering Plant covered the second issue of bonds released in the volume of 300mln rub., the company informed.

For this purpose the credit line opened by the Nomos Bank was used. Arsenal Finance (SPV of Arsenal Mechanical Plant, St.Pb.) placed the issue in full Sep. 29. The coupon was set at 13.4% ann.

The 3-year loan was placed through the open offering on St.Pb. Stock Exchange; North Western Bank of Sberbank was a payment agent.

Arsenal Engineering Plant is defense industrial entity making the wide spectrum of military facilities and civil engineering products.

The share capital is worth 1.501mln rub. split in 1501162 common stocks of 1 rub. par.

The IH net losses (RAS) rose 3% to come to 232.5mln rub.; revenues — 2.2 fold to 1.2bn rub. from 542mln rub.

Nomos Bank is a universal bank ranked as one of 30 largest Russian banks. Lobston Enterprises Limited increased the stake in the Bank by 19.98%. The working interest is held by the Russian holders (50%+1 stock), PPF Group (through Russia Finance Corporation B.V.) as a financial investor kept 29.9%. Arrowzone Limited reduced the stake to 11.47%. > The 2007-net profit (IAS) rose 59% to 3.44bn rub.