Zahidenergo Delays Its First Bond Issue of $50 mln
OREANDA-NEWS. Zahidenego (ZAEN, Ukraine) postponed the first stage of its debut bond placement, scheduled for October 1-30, because the issue has not been registered by the State Security Market Regulation Commission. According to Alfa Bank's press release, ZAEN intends to increase its export capacity by rebuilding the Burshtynska TPP, which will require $38 mln.
As reported, the company planned to finance its investment project by issuing bonds with a 12% coupon.
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