Donetsk to issue UAH 60 mln in bonds to prepare for Euro-2012
27 April 2009
The Donetsk City Council decided on Friday to issue UAH 60 mln in local bonds in order to raise funds for projects related to co-hosting the UEFA European Football Championship in 2012. The bonds will have a tenor of five years and require the approval of the Finance Ministry. Last year Donetsk issued its Series D bonds for UAH 75 mln at 16% YTM; that issue had a five-year tenor.
