Ukrainian railways intend to issue three-year bonds for a total of UAH 2 billion this December, a market source has told the Center for Transport Strategies.
According to the source, the Southwestern Railway intends to issue bonds of the series G, H, I, J, K, L, and M for a total of UAH 320 million. It plans to use the proceeds from placement of the bonds to finance modernization of its fixed assets, repayment of its debt, and increase of its working capital.
The bonds of the series G, H, I, and J will be in circulation from the moment the National Commission on Securities and the Stock Market registers the report on the results of their placement until 22 December 2016 and the bonds of the series K, L, and M will be in circulation until 8 January 2017.
The Southern Railway plans to issue bonds of the series D, E, F, and G for a total of UAH 220 million. The bonds of the series D and E will mature on 22 December 2016 while the bonds of the series F and G will mature on 8 January 2017.
The Prydniprovska Railway will issue bonds of the series E, F, G, H, I, J, K, and L for a total of UAH 380 million. The bonds of the series E, F, G, H, and I will mature on 22 December 2016 and the bonds of the series J, K, and L on 8 January 2017.
The Donetsk Railway will issue bonds of the series F, G, H, I, J, K, L, M, N, O, P, and Q for a total of UAH 580 million. The bonds of the series F, G, H, I, J, and K will mature on 22 December 2016 while the bonds of the series L, M, N, O, P, and Q will mature on 8 January 2017.
The Lvov Railway will issue bonds of the series D, E, F, and G for a total of UAH 200 million. The bonds of the series D and E will mature on 22 December 2016 while the bonds of the series F and G will mature on 8 January 2017.
The Odessa Railway will issue bonds of the series F, G, H, I, J, and K for a total of UAH 300 million. The bonds of the series F, G, and H will mature on 22 December 2016 while the bonds of the series I, J, and K will mature on 8 January 2017.
