Myronivsky Hliboproduct (MHP) has placed ten-year eurobonds for $350 million with a yield of 6.25% per annum. “MHP issued ten-year eurobonds worth $350 million at 6.25% per annum,” a source in banking circles has told Interfax-Ukraine.
The funds will be used to refinance short-term liabilities, including eurobonds maturing in 2020, and general corporate needs.
At present, three issues of the holding’s eurobonds are in circulation: with maturity in April 2020, a coupon rate of 8.25% per annum and a yield of 3.294% per year, with maturity in May 2024, a coupon rate of 7.75% per annum and a yield of 5.902% per year. The last time MHP issued eight-year eurobonds in April 2018 for $550 million with a yield of 6.95% per annum.
MHP is the largest poultry producer in Ukraine. It is also engaged in production of grains, sunflower oil, and meat.
The only one shareholder of Ukrsotsbank on September 10 decided to merge Ukrsotsbank to Alfa-Bank (both based in Kyiv) under the simplified procedure. According to a report in the information disclosure system of the National Commission on Securities and the Stock Market, Alfa-Bank shareholders took a decision to merge Ukrsotsbank under the simplified procedure at their general meeting on September 10.
“Taking into account that Ukrsotsbank JSC and Alfa-Bank JSC are members of the international banking group ABH Holdings S.A., the aim of the reorganization is to optimize the business and create a single reliable and financially stable private commercial bank in Ukraine as a result of the merger,” the report said.
As a result of the conversion of shares in connection with the merger, Alfa-Bank’s authorized capital will be increased by UAH 16.546 billion, up to UAH 28.726 billion.
As reported, ABH Holdings S.A. (ABHH, Cyprus), which indirectly owns 100% of Alfa-Bank (Ukraine), and UniCredit Group (UCG) on October 31, 2016 announced the completion of a deal on the transfer of 99.9% in Ukrsotsbank (Kyiv), UCG’s asset in Ukraine, in exchange for a minority stake of 9.9% in ABHH.
The Ministry of Infrastructure intends to regain control over Ukrzaliznytsia, Minister of Infrastructure Vladyslav Krykliy has told reporters. “I have already initiated this issue to the prime minister. I think we will begin in the near future,” he said.
The minister noted that the necessary changes to the relevant provision on Ukrzaliznytsia are already being prepared and the transfer could take place in the near future.
“If the Ministry of Infrastructure is responsible for the transport strategy and infrastructure, it is logical that the railway as an integral part of this living organism should go back [under the control of the Ministry of Infrastructure],” the expert said.
President of Finland Sauli Väinämö Niinistö has assured Ukraine of support in the area of energy sector reforms, in particular renewable ones.
“We are cooperating in the energy sector. We are interested in cooperation in the field of renewable energy sources and, I think, it will be for the benefit of both states. Therefore, we are ready to share our knowledge in this area,” he said at a joint press conference with President of Ukraine Volodymyr Zelensky in Kyiv.
He emphasized that Finland had also done a lot of work on forests.
“For the forests not only contribute to the economy, but also improve the life of society,” Niinistö added.
The Verkhovna Rada has adopted as a basis and as a whole bill No. 1082 on the joint transit regime and the introduction of a national electronic transit system, which provides for a mechanism for the exchange of customs information with 35 countries.
According to a correspondent of the Interfax-Ukraine agency, 333 MPs supported draft law No. 1082 at a plenary meeting on September 12 with the quorum being 226 votes.
“This system provides that our customs will see the entire history of movement of goods that is in those countries and transfer its data to them. The bill provides for the functioning of this system in a test mode for about a year. Then it will be tested by our European partners, and after that we will join an agreement on joint transit,” Danylo Hetmantsev, the head of the parliamentary committee on finance, taxation and customs policy, has said.
Head of the State Customs Service Maksym Nefyodov, in turn, said that “this is a simple beautiful story of customs visa-free travel that will allow Ukrainian players to leave Ukraine and travel to Portugal with one truck with one document, with one guarantee.”
In his opinion, it will make Ukrainian goods cheaper for Ukrainian consumers.
The National Commission for the State Regulation of the Financial Services Market received 2,598 complaints about the work of insurance companies in February-July 2019, which is 1.3% (62) less than for the same period 2018, according to the website of the regulator.
According to the commission, the leaders in the number of complaints received were ASKA (158, UAH 6.17 million paid), Omega Insurance Company (173, UAH 8.99 million paid), Oranta Insurance Company (136, UAH 2.71 million), and U.S.I. (88, UAH 1.3 million).
According to the regulator, a total of 555 complaints were received against these companies over the specified period. The total amount of insurance claim fee payments based on the results of consideration of applications was UAH 19.17 million.
In general, the total amount of insurance compensation by insurance companies following the consideration by the commission of applications for the indicated period was UAH 44.57 million.
The commission said complaints came from individuals and legal entities, including people’s deputies, the Cabinet of Ministers, the Office of the President, parliamentary committees, ministries, and departments.
