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The Russian capital markets are not the usual stop for foreign companies looking to raise money. But Canadian miner Uranium One Inc., which is controlled by a state-owned Russian firm, forged new ground on Friday by unveiling a plan to issue US$950-million of bonds in Russia.
Needless to say, this is a unique deal.
“If the transaction takes place, it would be the first occurrence of a foreign company issuing debt in Russia,” BMO Capital Markets analyst Edward Sterck wrote in a note.
If the offering succeeds, the bonds would be traded on Russia’s MICEX stock exchange and offered solely in Russia. They would be issuable in two series and have terms of up to 10 years.
Uranium One is probably the sole Canadian company that would even consider a deal like this. Last year, the Vancouver-based miner struck a very unusual partnership with Russian uranium firm ARMZ, which is a unit of the state-owned nuclear giant Rosneft. Under the terms of the deal, ARMZ got a controlling interest in Uranium One, while Uranium One received stakes in prized uranium projects along with cash.
The partnership with ARMZ opened up a lot of opportunities for Uranium One to conduct more business in Russia, a jurisdiction that has been very tough to navigate for other foreign investors.
Doing Buisness with Putin will be intersting since Canada and Russia Do not have a great Friendship and Now I think Canada really Should take Boeings offer to sell us a bunch of F-15 Strike Eagles with AESA at a near at cost Rate while we wait for the F-35JSF II.
The Russians have more soul than Americans, and the Canadians are always seeking soul.
Well I do say it is odd for Canada to supply Uranium and doing Nuclear investment deals with Russia because last time Enriched Uranuim and Nuclear Issues were talked about being traded between North America and Russia was from this parked up in the under the Arctic Ice .
VANCOUVER -- An imposing display of Russian military might is anchored at Canada Place for the next three days. The Russian missile cruiser Varyag and tanker Irkut, which will be here until Friday, are open for public tours between 9 a.m. and 12 p.m. today and Thursday.
The Varyag is 187 metres long, weighs in at 11,370 tonnes and carries a crew of 515. The Irkut is slightly smaller at 130 metres and 11,140 tonnes with a crew of 62. Russian sailors will participate in Remembrance Day events at the Pioneer Square Cenotaph on Friday and spend time socializing with members of the Canadian navy.
The ships arrived in Vancouver Tuesday after conducting exercises off the coast of Vancouver Island on Monday with Canada’s HMCS Algonquin, which is accompanying the Russian vessels. Vancouver is the final stop on the ships’ Pacific tour, which also included Japan and the U.S., and is aimed at building naval cooperation, according to an official statement.
Russian ships open to the public in Vancouver (http://www.vancouversun.com/travel/Russian+ships+open+public+Vancouver/5677488/story.html - broken link)
These are in Vancouver Right now and Russian and Canadian Navy personal spending Remembrance Day together today. Atleast our Vets will have some fun Cold war stories to talk about plus I bet the Russian navy has some decent bottles of Vodka to bring when they spend time socializing with members of the Canadian navy laterToday.
At the "kickoff meeting" the Contracting Officer changed all of the requirements that I and the other bidders bid on, held the "new" contract under my nose, slammed her pen down on it, and said, "Sign it!"
Putin is a puszy!
Compared to Lynda Kieres!
Last edited by ergohead; 11-11-2011 at 01:32 PM..
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