RosBusinessConsulting Group, comprising one of Russia's leading information agencies and Russia's first business TV channel, is planning to issue first-level ADRs in April. The Bank of New York has been appointed as the issuer's depository bank. One ADR will be equivalent to 5 to 10 shares. RBC is not considering a new issue within the program. The company will issue ADRs for 36 percent of its outstanding shares. In April 2002, the holding carried out the first Russian IPO: company shares were offered for USD0.83, and last week they traded at USD3.1. RBC shares have risen 3.7 times since the placement.