Tyre firm Amtel picks Nomura for debut bond

Newswire

MOSCOW, March 26 (Reuters) - Russian-Dutch tyre maker Amtel-Vredestein has picked investment bank Nomura International for its debut Eurobond issue, Amtel said on Monday. The company said the three-year, euro-denominated bond would be placed in the second quarter of 2007 with proceeds to be used to refinance the firm's existing debt. One of Russia's largest banks, Alfa Bank, holds 26 percent in Amtel, Europe's No.4 tyre producer. The loss-making firm has debt of $650 million, generated ...

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