TMM Planning Local Bond Offer To Fund New Projects.
24 July 2008
One of Ukraine’s largest construction and development companies TMM (TR61 GR) announced plans yesterday to make up to a UAH 500 mln (USD 100 mln) local bond placement. No further details on the placement were given. TMM plans to use the funds attracted from the placement to finance the construction of a resort on the northeast coast of Crimea and the construction of several warehouses and logistics centers throughout Ukraine with total area of 1 mln sqm.
