News

Concern Khlibprom participates in Lviv Financial Forum

In September, LvivFinancialForum organized by Perspective Stock Exchange was held in Lviv. During the event, experts raised the issue of Ukrainian stock market development, discussed the challenges the market faced in current conditions and the possibility of integrating the national financial markets into the developed European ones.

Concern Khlibprom as an issuer with successful history of placement and circulation of the bonds, exchanged its experience with the participants.

"Bonds present a fast and easy way of investment with appealing functionality for their holder,” Marta Fedkiv, the Financial Director of Concern Khlibprom PJSC says, “Therefore, despite low level of development of domestic equity market, our Company has successfully used this lending tool. At the moment, there are 2 outstanding series of Khlibprom’s securities in the amount of more than UAH76 mil.

Direct contact with a lender is complicated with this type of loan. Therefore, the Company, first of all, has to be clear and transparent. Transparency is the key to trust, but its broadcasting requires additional cost. The advantages of Khlibprom consist in cooperation with International Finance Corporation and the long experience of auditing by the "Big Four" in accordance with international standards. It means that each of our bond holders know that he can receive adequate, representative annual accounts of a trustworthy company.

Bonds being currently in circulation are not the first experience. We have issued already four series, each was redeemed in full and on time in 2001, 2010 and 2011."