Ukrgasbank has paid yield interest of the local registered bonds of Luhansk City Council, series A and B

On May 3, 2012 Ukrgasbank JSB has paid yield interest of the local registered bonds of Luhansk City Council, series A and B for the 18th interest period in the amount of UAH 539,836.67, incl. series A – UAH 39,387.67 and series B – UAH 500,449.00 i.e. UAH 25.93 par value. The payment of yield interest was made by Ukrgasbank JSB as a Paying Agent at: 39 Chervonoarmyiska, Kyiv, 01004.

JSB ‘Ukrgasbank’ has arranged the issue and primary offering of the local registered bonds of Luhansk City Council. The total volume of issue amounts to UAH 29.3m, incl. series A – UAH 10m, series B – UAH 19.3m. 

The fund raising aimed at the financing the Luhansk city development and  infrustructure renewal, namely:

• series A to the reconstructure and other capital expenditures for the total amount not exceeding UAH 10m;
• series B to the construction, modernization, reconstruction, equipment purchase and other capital investments for the total amount not exceeding UAH 19.3m.

The fixed interest rate for the local registered bonds amounts to 10.4% p.a.

The bonds mature on October 29, 2012.

07.05.2012