Ukrainian grain trader will attract funds for construction of terminal in Crimea
2011-08-23 10:02:59
Ukrainian grain trader Holding Yuzhny since August 29 on the trading floor of the Kyiv International Stock Exchange is planning to start the initial public offering of debut interest-bearing bonds at UAH 75 million (USD 9.4 million).
As it is reported, the attracted funds will be sent to construction of the grain terminal at the sea port of Sevastopol (Ukraine's south).
A coupon on the stocks to the amount of 14% annual will be paid on redemption of stocks on July 1-August 31, 2016. The terms of the issue envisage possibility of the offer.
Holding Yuzhny, controlled by two natural persons, is working on the Ukrainian grain market since 2002. In Q1, 2011, earnings of the holding grew to UAH 1.587 million from UAH 1.430 million over the same period of 2010, and losses over this period made up UAH 989,200 against UAH 1.090 million in Q1, 2011.