Ispat-Karmet (Kazakhstan) may issue bonds for up to $100 m

/REUTERS, Almaty, Oljas Auezov, February 5, 03/ - Kazakhstan steel mill Ispat-Karmet, which is controlled by the group LNM, may issue internal bonds for up to $100 m, said the company's acting director Satish Taparia to Reuters. "We are examining such the possibility... Up to $100 m", - he said answering gthe question about perspectives of bonds issue. According to Taparia's words, metallurgical giant Ispat-Karmet studies the possibility to issue at domestic market nominated in tenge bonds indexed to US dollar. Circulation term and other parameters of possible issue has not been determined yet. "We should study the market", - said Taparia. According to his words, the decision about borrowing of means for general corporate purposes may be made within four-six weeks. In case the mentioned sum is confirmed, the issue will be the largest one in the history of Kazakhstan domestic market of corporate bonds. The group LNM belongs to an Indian businessman Lakshmi Mitall, who lives in London. [2003-02-05]