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Donetsk poised to issue bonds

June 18, 2010 Donetsk.proUA.com (translated by Cbonds)

The City Council of Donetsk has decided to issue bonds. The issue was approved by the majority of the Council members. According to Alexander Lukyanchenko heading the Council, the proceeds will be used for purchasing 315 vehicles for the public transportation fleet for Euro-2012. The interest rate on the issue will not exceed 18%.

Company — Donetsk City