Ukrposhta seeks to issue UAH 600 mln bonds

11:08, 07.11.2017 1 min read

Public joint-stock company Ukrposhta (Kyiv) seeks to issue Series A-C UAH 600 million bonds, according to a posting on the website of the National Commission for Securities and the Stock Market.

The offering memorandum was approved by the regulator at a meeting on November 6, 2017.

The securities will be issued with a face value of UAH 100,000 in the following amount: 1,500 of Series A, 2,000 of Series B and 2,500 of Series C. The securities will be placed on the Perspectiva stock exchange in the period from November 21, 2017 through November 20, 2018.

The Series A bonds will mature on November 16, 2020, Series B – on May 16, 2022 and Series C – on November 13, 2023.

The decision to issue the bonds was made by the Infrastructure Ministry on September 21, 2017.

Ukrposhta is managed by Infrastructure Ministry. It provides over 50 types of services in almost 12,000 departments all over Ukraine.

It has 76,000-strong personnel. Of them 33,000 are postal workers and 13,000 are mail service operators.