The Ukrtelecom telecommunication company has sold its J Series bonds with the total face value of UAH 125 million.
Ukrainian News learned this from a statement by the company, the wording of which was made available to the agency.
According to the statement, the placement of bonds was finalized on 13 December 2010. As a result of the transaction the company has totally raised UAH 130.530 million.
As Ukrainian News earlier reported, Ukrtelecom started floatation of Series J and K bonds for UAH 275 million on October 19, 2010.
In particular, the company issued 125,000 bonds of Series J and 150,000 bonds of Series K in the book-entry form of the nominal value UAH 1,000 each.
The company plans to channel the funds raised through sale of the bonds to improving efficiency of the existing telecommunication system, building and upgrading the network infrastructure, including the third generation mobile communication (3G).
The means will be also used to develop the promising services, such as provision of broadband internet access and international connections with help of IP technologies, introduction of a system of convergent voice communication services, video calls and data transfer.
