Business news from Ukraine

POZNIAKY-ZHYL-BUD TO ISSUE UAH 57.3 MLN BONDS TO FINANCE CONSTRUCTION

1 October , 2020  

The supervisory board of PrJSC Pozniaky-Zhyl-Bud (Kyiv) has decided to place book-entry targeted registered bonds in the amount of UAH 57.3 million for financing the construction of the Taryan Towers residential complex (RC) located at 12, Johannes Paul II Street in Pechersky district of Kyiv.
According to the company’s report in the information disclosure system of the National Securities and Stock Market Commission, the decision to place K2 series bonds worth UAH 57.3 million was made on September 24, 2020.
When redeeming the bonds, the buyer has the right to receive apartments in the Taryan Towers residential complex in his or her ownership, the total area of which corresponds to the number of bonds: one bond is 0.01 square meter of housing.
The total number of shares placed equals to 88,161.
As reported, in March 2019 and June 2019, the supervisory board of Pozniaky-Zhyl-Bud decided to place book-entry targeted registered bonds totaling UAH 282.7 million, and UAH 135.2 million in December.
According to the company, as of September 24, 2020, bonds of E2, F2, G2, I2 and J2 are in circulation.
The project envisages three 31-storey towers with 214 apartments in each. The area of the land plot for the project is one hectare, the residential area is 60,000 square meters, commercial area is 10.5 square meters, and the total area of the residential area with infrastructure is over 145,000 square meters.
According to the data on the project website, the first tower will be commissioned in the fourth quarter of 2020, and the entire complex will be completed in late 2023.
PrJSC Pozniaky-Zhyl-Bud was established in 2002. Pozniaky-Zhyl-Bud Corporation specializes in the construction of elite residential real estate, commercial real estate and social infrastructure.
Since December 2015, Pozniaky-Zhyl-Bud Corporation has been a member of Taryan Group (Kyiv), an investment and development group of companies, established in 2011 by Arthur Mkhitaryan, the former president of PrJSC Pozniaky-Zhyl-Bud.