State-owned Oschadbank (Kyiv) on September 10, 2018 paid the $32.8 million coupon on restructured $700 million eurobonds in full amount and in accordance with the issue terms, the press service of the bank has told Interfax-Ukraine.
The yield on eurobonds is accrued and paid twice a year – on March 10 and September 10.
As reported, in 2015, Oschadbank restructured eurobonds maturing in 2016 and 2018 for a total of $1.2 billion. Under the agreement, eurobonds were issued for the amount of $700 million due on March 10, 2023 and with the yield of 9.375% per annum, for $332.914 million due on March 20, 2025 and the yield of 9.625% per annum and $167.086 million due on March 20, 2025 and the yield 8.25% per annum.
In addition, eurobonds were issued for $100 million with maturity up to 2024 after restructuring the subordinated loan for the corresponding amount.
Oschadbank was founded in 1991. Its only owner is the state.
Oschadbank ranked second among 84 banks operating in the country on June 1, 2018 in terms of total assets (UAH 236 billion), according to the National Bank of Ukraine.
Novokramatorsky Machine Building Plant (Kramatorsk, Donetsk region), one of the leading enterprises of heavy engineering in Ukraine, has shipped equipment for the second stage of reconstruction of the drives of the rough mill of hot rolling at ArcelorMittal Temirtau (Kazakhstan).
“The production of complicated equipment was the result of winning a tender with the participation of Danieli and SMS, offering innovative design solutions and providing a guarantee of four years,” the company said in a press release.
The purpose of reconstruction is to replace the exhausted equipment and increase its crimping capacity in connection with the rise in thickness of the rolled slabs.
In autumn the plant specialists together with metallurgists from Temirtau will start installing the equipment, the total weight of which is 650 tonnes.
Novokramatorsky Machine Building Plant specializes in production of rolling, metallurgical, forging and pressing, hydraulic engineering, mining, lifting and transportation, specialized equipment, forgings, and castings.
The regional office of the State Property Fund of Ukraine (SPF) in Lviv region has put a 57.4% state stake in the charter capital of PJSC Lviv Plant Avtonavantazhuvach up for sale on the ProZorro.Sale portal.
According to a report on the SPF’s website, the starting price of the package is UAH 8.774 million. The electronic auction will be held on October 4.
The charter capital of the plant is UAH 15.289 million, the nominal value of a share is UAH 0.25.
Avtonavantazhuvach plant was founded in 1948. It had all types of production, including foundry, forge-press, welding. During the existence of the plant, more than 30 models of forklift trucks of various carrying capacity have been developed and introduced into production.
After 1991, the plant significantly reduced output. If during the Soviet era it produced about 12,000 forklift trucks per year, then in 1999 only 250 were produced.
The Saudi Agricultural & Livestock Investment Co. (SALIC) is close to acquiring Mriya farming company in Ukraine, Bloomberg has reported, referring to its sources. “The U.K. unit of Saudi Arabia’s state-run Salic is nearing a deal to buy Mriya Agro Holding Plc… The acquisition would take the Salic-operated farming area in Ukraine to just over 200,000 hectares,” the sources of Bloomberg said. Mriya agroholding CEO Simon Cherniavsky declined to comment on the issue.
SALIC was founded in 2012. Its sole shareholder is the Saudi Arabian State Investment Fund. The company invests in the production of agricultural and livestock products. According to Bloomberg, SALIC in Ukraine manages about 45,000 hectares, which are adjacent to the farms run by Mriya.
The Saudi firm has shown a willingness to expand in recent years. In 2015, it joined U.S. agribusiness giant Bunge Ltd. to buy a majority stake in the former Canadian Wheat Board to create G3 Global Grain Group. In addition, SALIC was also one of the bidders for a 9.9% stake in Glencore Plc’s agriculture arm in 2016.
Mriya Agro Holding is a vertically integrated agro-industrial holding founded in 1992 by Ivan Huta. Today, its land bank is 165,000 hectares. The capacity of its silos and grain storages is estimated at 380,000 tonnes.
The enterprises of British-based Ferrexpo Plc, which controls Poltava, Yeristovo and Belanovo ore mining and processing enterprises (GOK) in Ukraine, in January-June 2018 increased tax and duty payments by more than 2.4 times compared to the same period in 2017, to more than UAH 1.3 billion.
According to the company’s press release, in the structure of payments, Ferrexpo Poltava Mining for the reporting period transferred more than UAH 1.1 billion of taxes to the budget of Ukraine, Ferrexpo Yeristovo Mining more than UAH 189.9 million, while Ferrexpo Belanovo Mining more than UAH 5.3 million.
Poltava GOK paid over UAH 110 million to the local budget, over UAH 141 million to the regional budget, and over UAH 736 million to the national budget of Ukraine (11%, 14% and 75% respectively). The social security tax of the enterprise exceeded UAH 128 million.
Yeristovo GOK transferred over UAH 29.8 million to the local budget, UAH 36.7 million to the regional budget, and more than UAH 97.2 million to the national budget (18%, 22% and 60% respectively). The social security tax of the enterprise amounted to more than UAH 26.1 million.
Belanovo GOK paid more than UAH 2.5 million to the local budget, more than UAH 400,000 to the regional budget, and more than UAH 800,000 to the national budget (67%, 11% and 22% respectively). The social security tax amounted to more than UAH 1.5 million.
Ryanair, the largest European low cost air carrier, is considering the possibility of establishing a company in Ukraine to create IT products, Yulia Kovaliv, the head of the National Investment Council’s office, said on the air of Radio NV. “One of the ideas we discussed with the Ryanair leadership is to establish an internal company in Ukraine, which develops all IT products for the low cost carrier,” she said. Kovaliv also noted that in the near future the company plans to start domestic flights in Ukraine.
“If we are talking about the launch of domestic flights by the carrier in the country, then, again, the level of airport charges is important, but all companies understand that the cheaper the ticket is, the faster the airline will become competitive,” she said.
As reported, Ryanair began flights to Ukraine on the route Berlin-Kyiv-Berlin from September 3. Ryanair offers flights from Kyiv to six cities in Poland, one destination in Germany, Spain, Lithuania, Slovakia, the UK and Sweden, as well as two destinations from Lviv to Germany and Poland, one to the UK. Ryanair (Ireland) is the largest low cost airline in Europe.
