Business news from Ukraine

Business news from Ukraine

EVA INTENDS TO INVEST UAH 500 MLN IN NETWORK DEVELOPMENT

The proceeds from the placement of two new bond issues of Series G and H with a total nominal value of UAH 500 million, the Line of EVA Stores chain (RUSH LLC) wants to use for its development, Financial Director of the Line of EVA Stores Lilia Volenko has told Interfax-Ukraine.
“The funds from the placement are planned to be used for overhaul and maintenance of new and existing stores, the purchase of commercial equipment, the acquisition of intangible assets (software licenses, which is necessary for the operation of chain stores), the purchase of security equipment (security and supervision systems), attraction and personnel training and purchase of goods in order to maintain the necessary assortment line for new stores of the Line of EVA Stores,” she said.
The national chain Line of EVA Stores (the issuer is RUSH LLC) in February and March 2021 fully redeemed the issue of bonds of Series E, F (interest-bearing registered unsecured) with a par value of UAH 200 million. The maturity dates were fully consistent with those indicated in the prospectus. Reports on the consequences of redemption are submitted for approval to the National Securities and Stock Market Commission. The bonds were outstanding from 2018 to 2021, the holders received income in the amount of 18% and 17% per annum (the interest rate was changed annually).
Having significant plans for further investment in the development of the company, RUSH LLC registered a new issue of bonds (Series G and H) with a total par value of UAH 500 million (Series G for UAH 300 million, Series H for UAH 200 million). Their outstanding period is six years. Bondholders have the put option after the end of the 8th and 16th coupon periods.
The bond issue was registered without a public offering. The conclusion of contracts with the original holders is scheduled from February 23, 2021 to April 22, 2021 for G Series and from March 10, 2021 to May 8, 2021 for H series.
The underwriter of the issue is ICU Group, an independent investment and consulting group providing asset and private equity management services.
The bonds have been assigned a long-term credit rating according to the National rating scale “uaA +” by the National Authorized Rating Agency IBI-Rating. The outlook is Developing.

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UKRAINE READY TO ACCEPT VACCINE PRODUCED BY SINOVAC

State-owned enterprise Medical Procurement of Ukraine has confirmed to the Lekhim company its readiness to accept the supply of vaccine against coronavirus (COVID-19) manufactured by Sinovac Biotech Ltd. under a procurement agreement for the national budget’s funds.
The Health Ministry of Ukraine told Interfax-Ukraine, Lekhim provided the state-owned enterprise with all the necessary documents that are required when informing about the shipment of products.
Among these documents, in particular, an invoice, a certificate of quality (analysis) of a series of products, a marketing authorization, a certificate of origin from the manufacturer, information on WHO retraining and/or a marketing authorization from a competent authority of one of the designated countries, a packing list and a document confirming adherence to the cold chain and others.
Medical Procurement of Ukraine says that the documents were handed over by the supplier on Tuesday.
“Having processed the documents sent by the supplier company yesterday, the Ministry of Health confirmed to the counterparty its readiness to accept the batch of products specified in the supplier’s documents in the amount of 200,000 bottles/syringes,” the Health Ministry said.
At the same time, the state-owned enterprise says that “the implementation of this delivery does not release the supplier from the obligation to pay a penalty and fine.”
According to the Health Ministry, a penalty for each day of delay will be charged starting March 6, 2021.

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UKRAINE INCREASES ELECTRICITY CONSUMPTION IN JAN-MARCH

Electricity consumption in Ukraine, taking into account in-process losses in power grids, increased by 6.5% in January-March 2021 (by 2.591 billion kWh) compared to the same period in 2020, to 42.316 billion kWh, the Energy Ministry told Interfax-Ukraine.
Excluding in-process losses electricity consumption in January-March 2021 increased by 6.1% (by 1.934 billion kWh), to 33.675 billion kWh.
The country’s industry, excluding in-process losses, boosted electricity consumption by 3.5%, to 12.923 billion kWh. In particular, metallurgical industry consumed 6.99 billion kWh (2.5% more compared to January-March 2020), fuel industry some 854.8 million kWh (0.1% less), machine building industry some 1.021 billion kWh (9.9% more), chemical and petrochemical some 1.094 billion kWh (9.5% more), food and processing some 1.055 billion kWh (1.3% less), building materials some 532.5 million kWh (8.3% more), others some 1.376 billion kWh (4.6% more).
In addition, agricultural enterprises consumed 897.2 million kWh (6.1% more), transport some 1.662 billion kWh (1.8% less), developers some 329.9 million kWh (18% more).
In January-March 2021, the country’s population consumed 11.291 billion kWh (10.3% more), households some 4.217 billion kWh (3.2% more), other non-industrial consumers some 2.355 billion kWh (11% more).
According to the results of the first three months, the share of industry in the total volume of electricity consumption decreased from 39.3% to 38.4%, while the share of the population increased from 32.2% to 33.5%.
In March 2021, electricity consumption, taking into account in-process losses, increased by 10.3% (by 1.306 billion kWh) compared to the same months of 2020, to 13.997 billion kWh, excluding in-process losses, by 10% (by 1.018 billion kWh), to 11.168 billion kWh.

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BORYSPIL AIRPORT INCREASES PASSENGER TRAFFIC BY 10%

Boryspil International Airport (Kyiv region) in March 2021 served 534,353 passengers, which is 10% more compared to March last year (486,490 passengers).
As noted in the airport’s statement on Wednesday, in March, the airport served 259,278 passengers on regular flights and 275,075 passengers on non-scheduled flights.
“For objectivity, a longer period should be considered: in the first quarter of 2021, Boryspil airport served 1.206 million passengers [of which 633,000 passengers used regular flights, and 573,000 used non-scheduled flights], and this is 50.5% less than the same period last year [in the first quarter of 2020, some 2.437 million passengers were served],” the airport said.
Passenger traffic on domestic flights in March increased by 18.6% (some 40,100 passengers) compared to March 2020.
International passenger traffic is also showing growth, the number of passengers increased by 9.2% (some 494,300 passengers).
The top five destinations of Boryspil airport in March 2021 were: Sharm el-Sheikh, Hurghada, Istanbul, Dubai and Minsk.
“It is worth noting that a year has passed since the coronavirus [COVID-19] pandemic rocked the aviation industry. The most difficult period for Boryspil airport was the period from March to May 2020 – regular flights were suspended, and the airport served only special flights. Passenger traffic was extremely insignificant and this explains the increase in passenger traffic in March this year,” the airport said.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 07/04/21

National bank of Ukraine’s official rates as of 07/04/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF APRIL 07

Official rates of banking metals from national bank as of April 07

One troy ounce=31.10 grams

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