Zhytomyroblenergo To Issue Local Bonds For USD 1.2 mln.
20 July 2008
The supervisory board of Zhytomyroblenergo (ZHEN: HOLD) decided to issue 6,000 bonds with a face value of UAH 1,000 (USD 200), for a total of USD 1.2 mln. They are coupon bonds with a 15% coupon rate during the first four years. The bonds will be up for sale 19 August 2005 through 18 August 2008, and will be retired 7-14 August 2014. The bonds can also be retired early. First Investment Bank (Ukraine) is the underwriter of the bonds. Concorde Capital: Zhytomyroblenergo ranks fourth among Oblenergos in 2004 net income. The company paid USD 0.6 mln in dividends this year, yielding 1.2%. It is one of the most successful energy companies in Ukraine
