S&P Assigns uaBBB+ Rating to the City of Luhansk’s Upcoming Bonds

According to Interfax, Standard & Poor’s assigned a preliminary B rating in local currency and uaBBB+ rating to the city of Luhansk’s upcoming bond issue. According to S&P, UAH 50 mln (USD 9.9 mln) is planned to be issued with a five-year tenor and quarterly coupon capped at a ceiling of 16.5% per annum. Placement is scheduled for July-August.