Uralmash-Izhora, Russia's largest engineering concern, is planning a $30m (€34.3m) convertible bond, in the latest issue to come from Russia this year after a period of drought in 2001.

The bonds would be convertible into about 10% of the company's working capital. Troika Dialog, a Russian investment bank, will lead the deal.

Russian issuance continues with $30m convertible

Kit Dawnay

ING Barings

Morgan Stanley

London Stock Exchange

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