Deposit Guarantee Fund will hold a repeated auction on September 24 to sell liabilities on credit agreements of Delta Bank on the Debt Exchange, Inc. (DebtX, Delaware) increasing the starting price up to UAH 4.98 billion (5.7 times).
Oil and fat complex in Illichivsk and infrastructure in the Chornomorsk seaport are the parts of poll of assets of Delta bank, the fund reported on its website.
“The bids will run under the Dutch scheme [on lowering price],” the Deposit Fund said.
The asset pool includes legal claims (15 items), property rights under credit agreements (seven items) and receivables.
On July 9, the executive directorate of the Deposit Guarantee Fund annulled the results of an open auction to sell liabilities on credit agreements of Delta Bank with the book value of UAH 4.85 billion ($182 million) on the Debt Exchange, Inc. (DebtX, Delaware) for UAH 182.5 million with the starting price of UAH 868.8 million, taking into account decision of the National Bank of Ukraine (NBU) made on July 8, which annulled the results of the auction.
The NBU on July 8 revoked its decision made on April 9, 2019 approving the sale of the oil and fat complex in Illichivsk and infrastructure in the Chornomorsk seaport used as collateral for credits issued by Delta Bank over possible abuse by the buyer – Sky financial company, the beneficiary of which is the co-owner of Kernel Andriy Verevsky.
The price of the same assets at a similar auction held March 6 of this year amounted to UAH 906.2 million with the same buyer, but the district administrative court locked the deal under the suit of a company, which did not participate in the bidding.
According to the NBU, the auction was held with the presence of circumstances and possible manipulations on the part of the buyer, which could affect the outcome of the auction and the sale of the property at a lower price. According to the NBU, for three months the assets could not depreciate several times.
Ukrainian low-cost SkyUp Airlines will launch flights to Tel Aviv (Israel) from Lviv and Zaporizhia from November 28, 2019.
As the company’s press service said on Tuesday, Lviv Tel Aviv flights will be operated twice a week: on Thursdays and Sundays. The cost of a one-way ticket without baggage currently starts from UAH 2,400.
Flights Zaporizhia-Tel Aviv will also be operated on Thursdays and Sundays. The cost of a one-way ticket without baggage currently starts from UAH 2,300.
Exports of Ukrainian agricultural products to the EU countries grew by 34.3% in January-July 2019 year-over-year, to $4.1 billion, former acting Minister of Agricultural Policy and Food of Ukraine Olha Trofimtseva has said. “The export of Ukrainian agricultural products to the EU for the seven months of 2019 increased 34.3% (or $1.04 billion), to $4.1 billion compared to the same period in 2018,” she wrote on her Facebook page.
The main products in the export structure to the EU are cereals – $1.8 billion, vegetable oils – $921.9 million, oilseeds – $385.4 million, bagasse and other food waste – $345.5 million, poultry – $117.3 million, fruits, nuts and zest – $78.6 million.
The share of the Netherlands in the trade between Ukraine and the EU countries was 18%, Spain’s – 13.5%, Poland’s – 13.4%, Germany’s – 11.1%, and Italy’s – 10.6%.
Trofimtseva said that as of September 2, 2019, Ukraine had fully used the EU tariff import quotas for honey, sugar, barley groats and flour, processed starch, preserved tomatoes, grape and apple juices, corn and wheat. The quota was used for butter by 48%, and for processed milk products – by 33.3%.
Kharkiv in August placed three-year E series domestic bonds for UAH 250 million maturing in 2022, Fitch Ratings has reported.
According to the report, the agency assigned the bonds a priority unsecured rating of “B.”
“This is the first tranche of a UAH 1 billion bond to be placed in 2019-2020. Another UAH 250 million tranche is planned for November 2019,” the agency’s report says.
The interest rate is 18% per annum, income is paid quarterly.
According to the decision of Kharkiv City Council of June 19, 2019, bonds worth UAH 1 billion of E, F, G, H series for UAH 250 million each are to be placed within two years.
E series bonds will mature on August 24, 2022, F series on November 23, 2022, G series on February 22, 2023, and H series on May 24, 2023.
“The purpose of the loan is to raise funds to finance the budget deficit for the development of the city of Kharkiv, including the construction and reconstruction of social and cultural facilities, transport infrastructure, roads and engineering facilities,” the decision reads.
JSC Ukrzaliznytsia (Kyiv) has made another payment on eurobonds in the amount of $150 million, head of the company Yevhen Kravtsov said on his Facebook page. He noted that in 2019 the company already paid off 60% of the principal amount ($300 million) on eurobonds raised in 2013. Ukrzaliznytsia intends to repay the remaining $200 million in the next two years.
“This is the second payment this year. We are paying on schedule,” Kravtsov added.
As reported, in March 2019 Ukrzaliznytsia repaid the first part of its $150 million eurobonds and paid coupon income on them, receiving funds for these purposes at Oschadbank and the State Agency of Ukraine for Infrastructure Projects.
Mykolaiv seaport in January-August 2019 increased cargo handling by 23.78% year-over-year, to 21.263 million tonnes.
According to the Ukrainian Sea Port Authority, over the period port boosted transshipment of exported cargo by 33.1%, to 16.551 million tonnes, and imported cargo – by 5.62%, to 4.055 million tonnes, while coastal cargo handing fell by 2.6%, to 657,200 tonnes. The port did not transship transit cargo in January-August 2019.
Handling of liquid cargo in the Mykolaiv port decreased 5.04%, to 1.755 million tonnes, dry bulk cargo increased 27.88%, to 17.157 million tonnes, packaged – by 22.86%, to 2.351 million tonnes.
As reported, Mykolaiv seaport in 2018 increased cargo handling by 24.09% compared with 2017, to 29.2 million tonnes.
Mykolaiv seaport has an area of 97.3 ha and a water area of 224.5 ha. It is connected to the Black Sea by the Buzko-Dniprovsko-Lymansky canal. The port has 15 berths with a total length of 2.962 km.
