Ukrtelecom prepares for bonds issue

5 Feb 2004

National PTO Ukrtelecom is preparing to issue Eurobonds following the success of its domestic bonds issue in 2003. The three-year bonds have a face value of UAH1,000 with monthly coupon payments at 12% annually. The telco has placed UAH200 million-worth of bonds so far and used the proceeds to pay for upgrades to its network in Kiev and Kharkiv.