OREANDA-NEWS. April 28, 2008. ‘Komsomolets Donbassa Mine’ OJSC (Kirovskoye, Donetsk region) will issue the registered bonds of "А"-"Е" series to the total amount of UAH816 m.

According to the Company’s press release published by mass media, on 25.10.2007, the decision was made by the Supervisory Board of OJSC to perform the private bonds placement closed issue on bonds.

The bonds with the par value of UAH 1 000 will be issued in a documentary form with an additional security.

The raised funds will be aimed by the Company at the replenishment of the circulating assets, in particular, capital construction, longwalls equipping, purchase of stationary equipment (UAH600 m), major overhaul of buildings and constructions (UAH216 m). 
The other parameters of bonds issue will be made available by the issuer later.

Komsomolets Donbassa mine produces thermal coal of T grade. The mine has its own enrichment facilities, which enable ensuring the low ash content in the product being sold.

According to the Accounting Standards of Ukraine (ASU), the net profit of the Company has increased 1.9 times in 2007 against 2006 – up to UAH70.519 m.