JSC "Ukrsotsbank", as the organizer and paying agent, has begun placing bonds of OJSC "Lutsk Automobile Plant". It was this bank that won a kind of tender conducted by the financial and analytical services of the "Bohdan" corporation. Among all the banking institutions that participated in the tender, Ukrsotsbank offered the most favorable and convenient terms, reports the press center of OJSC "LuAZ". \n \nAlready today, the bond issue of LuAZ is being called by Ukrainian financial analysts the most significant event on the securities market. The nominal value of a bond is 1 thousand hryvnias, the issue is 130 thousand units, the issue volume is 130 million hryvnias. The circulation period is 1820 days, from June 20, 2005 to June 12, 2010. Offers will be made every 364 days from the issue date and with income paid every 91 days, at a rate of 14 percent per annum. \n \n- We have big investment plans – these are, first of all, the expansion and modernization of production capacities, the expansion of the model range of our products, sales markets, and the trade and service network. It is precisely for these purposes that the funds received as a result of the issue will be directed, – noted the Chairman of the Supervisory Board of OJSC "LuAZ" Volodymyr Hunchyk. \n \nOne should not forget either that the official credit rating of the bonds, assigned by the independent credit agency "Credit Rating", in accordance with national standards corresponds to the level "uaBBB-". At the same time, it must be noted that the credit rank of the issuer according to the methodology of JSC "Ukrsotsbank" corresponds to the level "uaBBB-", which reflects the sufficient ability of the enterprise to fulfill its obligations timely and fully under the conditions of the Ukrainian financial market. For a potential buyer, this is a guarantee of profitable investment of funds. \n