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Ukrzaliznytsia to issue corporate bonds worth UAH 2 billion in 2017

June 23, 2017 | Ukrainian News (translated by Cbonds)

Ukrzaliznytsia Public Joint-Stock Company plans to issue corporate bonds in the amount of UAH 2 billion in 2017. According to the Ukrainian News Agency, it was announced by the PJSC. Ukrzaliznytsia PJSC, as one of the strategic national companies for the Ukraine’s economy seeks to be present in the local debt securities market. “In 2017 the company intends to issue corporate bonds worth UAH 2 billion”, says the report. Wojciech Balchun, Chairman of the Board points out that the bonds issue is an important step for the financial recovery of the railway sector, since it will help enhance the liquidity of Ukrzaliznytsia, improve the structure of the loan portfolio, and minimize financial risks by avoiding additional losses in case of exchange rate fluctuations. It was reported, that Concorde Capital, which has been preliminary selected by underwriter, will support the issue and facilitate placement of the bonds following the approval by the supervisory board. According to the Ukrainian News Agency, in 2017 Ukrzaliznytsia PJSC plans to raise UAH 16.9 billion of borrowed funds and repay UAH 14.7 billion. Ukrzaliznytsia plans to close the year 2017 with EBITDA of UAH 23.4 billion and the profit of UAH 82.9 billion. In accordance with the international standards of financial reporting, in 2016 Ukrzaliznytsia reduced its losses by 2.3 times, or by UAH 9.5 billion to UAH 7.3 billion compared to 2015; and increased revenues from sales by UAH 6.4 billion to UAH 66.6 billion. According to national accounting standards, the company's profit amounted to UAH 0.3 billion, while in 2015 it experienced a loss – UAH 683.3 million. Ukrzaliznytsia, Public Joint-Stock Company started its business in December 01, 2015. Ukrzaliznytsia includes Donetsk, Lviv, Odessa, South, South-West and Pridneprovskaya railways, as well as other enterprises and organizations of a single production and technological complex that provide transportation of goods and passengers. Reprinting, copying or reproduction of information containing a reference to the Ukrainian News Agency in any form is strictly prohibited

Company: Ukrzaliznitsya

Full company nameThe State Administration of the Ukrainian railway Ukrzaliznitsya
Country of riskUkraine
Country of registrationUkraine


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