Public joint-stock company Ukrzaliznytsia on November 6 through November 8, 2017 paid on three-year bonds of Series J, P, O and K for UAH 1 billion in full amount and in accordance with the issue terms.

The press service said that thus, the company observed its liabilities to the bondholders.

These bonds were issued in 2014 by five Ukrainian railways and placed on the local financial market with a total nominal value of UAH 1.182 billion. The bonds were successfully placed among primary holders on the primary market. The bonds were secured by Ukrainian railways. After the creation of public joint-stock company Ukrzaliznytsia the securities were re-registered on the company as a legal successor of Ukrainian railways.

"For the entire period when the bonds were on the market, the company serviced these securities in full amount and in accordance with the issue terms meeting the current legislation. The redemption of bonds this week once again confirmed that PJSC Ukrzaliznytsia has sufficient liquidity and a cash reserve to meet its obligations. The accounts of the company after the redemption of the bonds have more than UAH 4 billion," Ukrzaliznytsia Board Chairman Yevhen Kravtsov said.

He said that today there are outstanding bonds for the amount of UAH 100 million, which will be repaid late November.

"PJSC Ukrzaliznytsia is forming a positive track record of its placements and plans to enter the financial market with a new offer. Profits of the company and changes increasing internal efficiency give confidence in the success of the future placements. In the market, demand for high-quality sovereign and quasi-sovereign bonds is high," he said.

As reported, in January-September 2017, Ukrzaliznytsia saw over UAH 80 million of net profit under international financial reporting standards (IFRS).