MKS to Issue USD 9.9 mln in Local Bonds
14 February 2008
According to Ukrainian News, Ekvin’s (KVIN: BUY) flagship electronics retailer, MKS, announced it would issue UAH 50 mln (USD 9.9 mln) in local bonds from Feb. 28, 2008 to Feb. 25, 2009. The bonds will have a coupon for the first-year of 14.5% paying quarterly and a tenor of five years. Proceeds will be used to develop the company’s network and purchase merchandise.
