Ukravto Announces IPO Plans
1 December 2008
President of Ukraine’s largest automotive holding, Ukravto, Tariel Vasadze, said the company plans to issue Eurobonds and hold an IPO on a foreign market in 2007. According to Vasadze the company is still examining all of its options, but was seeking to raise over USD 250 mln. In related news, one of the companies in the Ukravto Holding, the Zaporizhzhya Automobile Plant, also announced plans to make a two-year USD 125 mln Eurobond placement with an annual yield of 9.5-9.7%.
