Public joint-stock company Ukrzaliznytsia seeks to issue corporate bonds in the amount of UAH 2 billion in 2017, the press service of the company has reported.

"Financial analysts said that the Ukrainian corporate debt market remain inactive. Liquidity of potential investors is high. A lack of reliable borrowers is seen on the market, while demand of investors on high-quality debt instruments will only grow. The bond issue by the company has all chances to be the main issue on the stock market of the corporate debt after a long break and it would trigger its development," the company said.

Ukrzaliznytsia believes that this financial instrument would help to develop not only the stock market, but also the company.

"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.