TMM Company Attracts 180.6 Mln Hryvnas in Course of Bond Issuing
OREANDA-NEWS. December 5, 2007. TMM Company attracted 180.6 million hryvnas in the course of private bond issuing, the company's press service reported. The period of bond issuing was October 4 – December 4 2007. The interest rate is 13%, circulation period covers 2 years. The coupon payments are conducted quarterly. 1-year offer is stipulated by bond issuing conditions. Concorde Capital Company arranged the bond issuing. PJSC 'MFS' acted as a depositary.
The attracted funds cover the current needs of TMM Company in financing and will be directed at the realization of TMM real estate property projects.
The issuing of bonds was conducted within the frames of TMM Company financial strategy, which further implies the attraction of 100-150 million US dollars by Eurobonds issuing in the 1-2 quarter of 2008 and consecutive public placement of Company's shares on the main market of one of the European stock exchanges.
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