Business news from Ukraine

ICU TO LAUNCH UAH 500 MLN FUND

The National Securities and Stock Market Commission on September 15 registered the issue of investment certificates of the closed-end unit investment fund ICU Eurobond Fund with a seed capital of UAH 500 million.
The nominal value of one investment certificate is UAH 1,000. The volume of the issue is 500,000 certificates, the National Commission said.
ICU Investment Group, Founded in 2006 by senior investment professionals from ING, is an independent financial group providing brokerage, asset and private equity management services and specializing in the markets of Central and Eastern Europe. ICU currently manages over $500 million in assets. ICU is Ukraine’s leading asset manager.
The owners and partners of the group are Makar Paseniuk and Kostiantyn Stetsenko.

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