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Ukrgasbank Paid Interest Income on B-Series Bonds of Cherkasy City Council

On 22 August 2013, Ukrgasbank paid interest income on registered interest-bearing local bonds of Cherkasy City Council of B-series for the 8th interest period for the total of UAH 2,094,000.00, which accounts for UAH 34.90 per bond. JSB “Ukrgasbank”, acting in its capacity as the Paying Agent, paid the interest income at the following address: 39 Chervonoarmiiska St., Kyiv 01004.

The issue and primary placement of the local bonds of Cherkasy City Council were lead-managed by Ukrgasbank. The total volume of the bonds issue is UAH 60 million.

The interest rate is fixed at 14% per annum. The maturity period is from 18 to 20 August 2016.

The proceeds from the bonds issue shall be used to finance the city development budget (in particular, city roads renovation).