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Odesaoblenergo Issues USD 99 mln in Local Bonds

Odesaoblenergo Issues USD 99 mln in Local Bonds

8 May 2008

Odesaoblenergo (ODEN: SELL) started on May 5 to place local bonds of USD 99 mln, according to the company’s announcement. Five-year bonds will have a coupon of 15% for the first year of circulation and the placement will end on April 9 2009. The proceeds will be used for the company’s modernization.

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