OREANDA-NEWS. On 19 February 2008 was announced, that Alfa Bank Ukraine will start an initial placement of five-year bonds by Sevastopolenergo in March. The placement amounts to a total of $20 mln, with a bond yield of 15% in quarterly payments, and includes an annual offer. The bonds will be guaranteed by the Kyiv hotel Premier Palace.

As we reported earlier, Sevastopolenergo issued registered bonds to finance the construction of a gas-steam power plant with a total capacity of 240 MW. We view this news as NEUTRAL because the market has already priced in these developments.