Galnaftogaz Places USD 5.93 Mln Worth Of Series E Bonds

Starting coupon rate is set at 12% and will be revised after the first year. Bonds? maturity is 1,820 days with quarterly coupons. Concorde Capital: The bond issue will allow Galnaftogaz (GLNG: BUY) to refinance its debt at lower rates.  The company uses loans to expand its retail network via construction of new gas stations bearing OKKO brand.