RUSSIA: EBRD to restructure KAMAZ debt
The European Bank for Reconstruction and Development (EBRD) has signed a series of agreements to restructure its loans to the Russian car and truck manufacturer OAO KAMAZ. These include a guarantee agreement signed by the Russian Federation in respect of $US70.5 million of the KAMAZ debt while the remaining KAMAZ debt to the EBRD is to be converted into common equity of the Company.
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