TAS Dneprovagonmash, a large car-building company controlled by Serhiy Tigipko’s TAS Financial and Industrial Group, has fully placed an issue of interest-bearing unsecured corporate bonds of the E series with a total nominal value of $1 million.
According to the National Securities and Stock Market Commission (NSSMC), the company registered the report on the results of the issue on November 5.
According to the report on the results of the issue, the bonds were placed from September 2 to October 4 (instead of the planned completion date of October 28).
It is noted that the bonds were not purchased by members of the supervisory board, executive body and employees of the issuer.
The amount raised was $1004110.
As reported, the issue of five-year corporate bonds of TAS Dneprovagonmash, series E (without a public offer) was registered by the NSSMC on August 7, 2024.
TAScombank acted as the underwriter.
The raised financial resources are planned to be used for technical re-equipment and capacity development to implement the company’s project to enter the European market.
The bonds will be in circulation from August 8, 2024 to August 26, 2029 with quarterly coupon payments. The maturity date is September 29, 2029.
The interest rate in the first year of circulation is set at 6% per annum, in the remaining years it will be set by the decision of the company’s management, taking into account market conditions, but it cannot be lower than 1% and higher than 15% per annum.
