Cherkassy counts on Ukrgasbank buying UAH70m in municipal bonds
May 31, 2010 Ukrainian News (translated by Cbonds)
The city of Cherkassy counts on state-controlled Ukrgasbank regarding buying UAH70m in municipal bonds using budget funds. The deal is expected to take place till the end of August, according to the City Council of Cherkassy. The mayor of Cherkassy Sergey Odarich held negotiations with Alexander Morozov, Ukrgasbank’s head of the board resulting in an agreement to buy UAH70m in the city’s bonds shortly (within 2 months).
The city plans to sell 5-year bonds paying 19%. The mayor noted that all necessary documents will be submitted to the Finance Ministry in early June.
Company — Chercassy
Full nameCity of Chercassy