KAMAZ Approves Exchange Bond Program

6 February 2017

The Board of Directors of KAMAZ PTC (part of Rostec State Corporation) has approved the Program of Exchange Bonds of KAMAZ PTC of Series 001R and the Prospectus for Securities to be placed within the framework of the Program of Exchange Bonds of Series 001R.

Proceeds from the bonds placement will be used to refinance the loan debt, to supply the working capital and to finance the investment program of the enterprise which provides for funding of projects to develop a new range of KAMAZ and technological re-equipment of production for its output.

The program of exchange bonds is a convenient mechanism for raising funds. The volume of issues stipulated by the Program of Exchange Bonds can be up to thirty billion rubles with a maturity term of up to 5460 days from the date of placement of each issue.

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