Ukrainian railroads begin placing UAH 1 bln in bonds

Ukrainian railway operators have begun placing more than UAH 1 bln in local bonds, Korrespondent reported yesterday. According to the bond prospectuses, the volumes to be issued by each operator are as follows: Donetsk Railways (Series A) – UAH 150 mln, South Western Railways (Series B) – UAH 200 mln, Prydniprovsk Railways (Series A) – UAH 220 mln, South Railways (Series A) – UAH 100 mln, Odesa Railways (Series A) – UAH 250 mln, and Lviv Railways (Series A) – UAH 80 mln. The bonds will have a monthly coupon and be placed at 24% YTM. Bond proceeds will be used primarily to repay external loans.