By KYIV. Nov 21 (Interfax-Ukraine) – PrJSC Dniprometiz (Dnipro) of Ukrainian businessman Sergiy Tigipko intends to issue five series of bonds for a total nominal amount of $5 million to purchase equipment from foreign manufacturers for the production of galvanized wire.
According to the company’s official information in the National Securities and Stock Market Commission, the decision to issue bonds was made by the company’s supervisory board on November 17 this year.
It is specified that bonds of five series will be issued – D, E, F, G and H – 1,000 each for $1,000 each (in equivalent), TAScombank will act as an underwriter.
The ratio of the total nominal value of the company’s bonds to the size of the charter capital as of the date of making decisions by the supervisory board is 43.8%. The increase in the charter capital of the company is not carried out.
Other conditions for issuing these bonds are not specified.
According to the company’s information, the purpose of the issue of the company’s bonds of all five series is to attract additional financial resources for the implementation of the company’s project to develop the production of galvanized wire. The received funds will be used to purchase hot-dip galvanizing plant for the acid-free production of galvanized wire Druids Process Technology, S.L. (Spain) and drawing mills of the manufacturer Mario Frigerio S.p.A. (Italy).
