Business news from Ukraine

FORMER WORLD CRUISERWEIGHT CHAMPION OLEKSANDR USYK TO MAKE HEAVYWEIGHT DEBUT IN CHICAGO

Former world cruiserweight champion Oleksandr Usyk (16-0, 12 KOs) will make his heavyweight debut at Wintrust Arena in Chicago on October 12, ZN.UA has reported, quoting manager Egis Klimas. The name of the opponent has not been disclosed yet.
Usyk was to make his heavyweight debut on May 25, but the fight against Carlos Takam (36-5-1, 28 KOs) was postponed due to Usyk’s injury. It was reported that the postponed fight would take place in October, but the Cameroonian boxer signed a contract with the Star Boxing promotion company, which could dramatically change the boxer’s plans.
Last November, Usyk successfully defended his titles, defeating Briton Tony Bellew in Manchester. Later, the Ukrainian gave up his cruiserweight belts and decided to move to heavyweight.

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IFC PLACES DEBUT ISSUE OF BONDS

The International Finance Corporation (IFC), a member of the World Bank Group, has placed its debut issue of bonds denominated in hryvnias at 15.75% per annum to support its operations in Ukraine.
On May 13, the first issue of bonds in the hryvnia was carried out, IFC Regional Manager for Ukraine, Belarus and Moldova Jason Pellmar said.
According to him, this placement confirms interest in hryvnia instruments in the market, especially when the issuer has an “AAA” rating.
The IFC representative office told the agency that the debut issue of bonds would be repaid in 2020.

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