August 30, 2008

Coal of Ukraine mulling UAH 500 million of bonds

Ukrainian Journal reported that Ukrainian state owned Coal of Ukraine, the operator of Ukraine's wholesale coal market, is mulling the possibility of issuing bonds worth a total of UAH 500 million and attracting Kiev based CJSC Alfa Bank as the issue's lead manager.

The report added that Ukraine's coal industry ministry plans to sign a memorandum on cooperation with Alfa Bank on September 24th 2007. The report was confirmed by the press services of both the ministry and the bank.