Public placement of issues of domestic bonds of the Kyiv City Council Series O and N, UAH 400 million each, will be held on the PFTS stock exchange from December 6 to December 8, according to a Friday posting on the official website of the exchange.
According to the report, the organizer of the placement of both series is state-owned Ukreximbank (Kyiv).
Settlements under the concluded agreements will be carried out without observing the delivery versus payment (DVP) principle.
As reported, by Kyiv City Council decision No. 1529/1570 dated June 24 this year, Kyiv plans to attract UAH 1.1 billion by issuing domestic bonds in three issues: UAH 300 million for Series M, UAH 400 million each for series N and O.
According to the document, the interest rate will be determined at the level of the NBU key policy rate as of the start date of the quarterly interest period plus a margin of 1% to 5% per annum based on the results of the competition for the selection of an underwriter. Proceeds from the placement of bonds will go to finance investments in the city’s infrastructure.
