Private enterprise Novy Svit (Kirovohrad region) and Ruteniya-M (Mykolaiv region), affiliated with TAS Group, intend to place bonds with a total nominal value of UAH 100 million.

According to the prospectus of the issue, posted in the information disclosure system of the National Commission on Securities and the Stock Market, the shareholders of the companies made the decisions at meetings at the end of September 2014.

The companies intend to use 80% of the funds raised for the purchase of raw materials, 20% - to update equipment and machinery.

Securities are issued in a book-entry form with a face value of UAH 1,000. Each issue contains 50,000 bonds.

The equities are to be placed on PFTS Stock Exchange in the period from November 20, 2014 to May 19, 2015.

The underwriter of both issues is TAScombank (Kyiv).

The interest rate on both series for the first-second coupon periods is set at 20% per annum. Interest income is accrued and paid quarterly.

The bonds will mature on November 13, 2019. However, the terms of the issue foresee a semiannual offer.