OREANDA-NEWS. November 02, 2011. Ukrgasbank JSB has paid yield interest of the local registered bonds of Luhansk City Council, series A and B for the 16th interest period in the amount of UAH 759,749.00, incl. series A — UAH 259,300.00 and series B — UAH 500,449.00 i. e. UAH 25.93 par value. The payment of yield interest was made by Ukrgasbank JSB as a Paying Agent at: 39 Chervonoarmyiska, Kyiv, 01004.

JSB ‘Ukrgasbank’ has arranged the issue and primary offering of the local registered bonds of Luhansk City Council. The total volume of issue amounts to UAH 29.3m, incl. series A — UAH 10m, series B — UAH 19.3m.

The fund raising aimed at the financing the Luhansk city development and infrustructure renewal, namely:
series A to the reconstructure and other capital expenditures for the total amount not exceeding UAH 10m;
series B to the construction, modernization, reconstruction, equipment purchase and other capital investments for the total amount not exceeding UAH 19.3m.


The fixed interest rate for the local registered bonds amounts to 10.4% p. a.

The bonds mature on October 29, 2012.