Public joint-stock company Ukrzaliznytsia seeks to issue corporate bonds in the amount of UAH 2 billion (EUR 69 million) in 2017, Interfax reports. “The bond issue will be the important step for financial rehabilitation of the railway sector, as it would increase liquidity of the company, improve the structure of the credit portfolio and minimize financial risks thanks to avoiding additional losses over exchange rate fluctuations,” Ukrzaliznytsia Board Chairman Wojciech Balczun said.
Concorde Capital will place the bonds after the approval by the supervisory board. The company has been preliminarily selected the underwriter of the issue.
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