JSCB "Ukrsotsbank", as the organizer, underwriter and paying agent, is starting on June 20, 2005 the placement of bonds of OJSC "Lutsky Automobile Plant". This was reported to LIGABiznesInform by the bank's press service. \nThe placement of series A bonds with free circulation will be carried out in book-entry form. The nominal value of a bond is UAH 1 thousand, the issue is 130 thousand units, the issue volume is UAH 130 million. The circulation period is 1820 days, from June 20, 2005 to June 12, 2010. Offers every 364 days from the issue date and with income paid every 91 days at a rate of 14% per annum (until the first offer). \n"For a potential buyer, the purchase of LuAZ bonds will mean diversification of investment risks, since on the bond market this is only the second case of a primary offering of bonds issued by one of Ukraine's leading automobile manufacturers," said Erik Naiman, head of the Financial Instruments Issue Department at JSCB "Ukrsotsbank". \nIn addition, according to him, one should speak of the high credit quality of the issuer. According to the methodology of JSCB "Ukrsotsbank", the issuer's credit rank corresponds to the "uaBBB" level, and the official credit rating of the bonds is "uaBBB-". \nOJSC "Lutsk Automobile Plant" is one of the leading automakers in Ukraine, specializing in the assembly of VAZ and UAZ brand cars. In 2004, it produced 22.3 thousand vehicles, which corresponds to 12.3% of the total number of cars assembled in Ukraine during this period. Over the last 12 months (from April 2004 through March 2005 inclusive), the enterprise's revenue amounted to UAH 927 million, which is 9.6% more than for 2004. \n