Insurance Company «Universalna» paid off UAH 1,196,700 of bond yield. A-rated bonds for UAH 30 million were issued on November 14, 2006.2007-05-07
OJSC «Insurance Company «Universalna» paid UAH 1,196,700 of yield for the second coupon period on registered interest-bearing bonds issued for the sum of UAH 30 million. The revenue was paid off on May 3, 2007, bonds profitability amounts to 16%.
«We keep strictly to all declared dates of bonds maturity and fulfill all obligations» - said finance director of the «Universalna» company Olena Velyka.
Raising bond capital is aimed at expansion of branch and agent network, financing of the corporate IT-system implementation, development of new insurance products, and creation of client support services. The decision to issue bonds was ratified by Company Council on September 18, 2006 .
The underwriter of the issue is CJSC «Alpha-bank». Bonds were issued with a maturity of 3 years, issue date was November 14, 2007, and offers were stipulated on October 30, 2007 and on October 28, 2008.
Bonds placement started on November 15, 2006, its completion was planned on October 16, 2007, but actual completion ended in December, 2006. The quick bonds placement proved that investors are highly interested in company activities and trust its credit worthiness.
Insurance Company «Universalna» is one of the first Ukrainian insurers that raise funds for business expansion through the bonds issue.