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LuAZ sold bonds in amount of UAH130 mln

December 01, 2005 | Ukrainskie Novini

Lutsk Automobile Plant (LuAZ) completed placing its 5-year bonds in amount of UAH130 mln. The sale was arranged by Ukrsotsbank. The information was provided by Eric Naiman, head of Financial Instruments Department at Ukrsotsbank.

LuAZ had been selling these bonds since June 20, 2005. The company issued the total of 130 thousand bonds with face value of UAH1,000 each.

The bonds mature on June 14, 2010. The first four quarterly coupons pay 14% p.a.

Based on the memorandum, UAH112.4 mln of the issue proceeds will be used for development of the plant’s manufacturing capacity. UAH13 mln will be forwarded on development of the distribution network, UAH2.6 mln will finance marketing research and remaining UAH2 mln will be used for other purposes in the framework of the investment project.

Issue: Bogdan Motors, 1-A

StatusCountry of riskMaturity (option)AmountIssue ratings (M/S&P/F)
redeemedUkraine06/14/2010130,000,000 UAH-/-/-

Company: Bogdan Motors

Full company namePJSC Bogdan Motors
Country of riskUkraine
IndustryEngineering industry

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