Daily monitor

Khartsyzsk Pipe [HRTR UK] has passed the procedure of certification in C4Gas S.A. (France), a main purchaser of pipes for the EU gas and oil transportation companies. Khartsyzsk Pipe and it’s owner – Metinvest Holding are now officially included into list of trusted suppliers for Gaz de France as testing of trial consignment sent to Gaz de France in February has finished with positive results.

According to Ferrexpo’s [FXPO LN] press release, the company has attracted USD 350 mln in pre-export debt financing. After an 18-month grace period, the company should pay out the debt until March 2014. The loan was organized by 12 banks, with Deutsche Bank in the lead.

A vertically integrated holding, MHP, a major Ukrainian poultry producer, has repurchased about 3.37 mln GDRs (1 GDR = 1 ORD) through its share buy-back program at an average of USD 13.71 per GDR since June. MHP intends to use some of the GDRs purchased under the buy-back program for a compensation and incentive program and any unused GDRs will be held in the treasury until their resale within the next three years.

According to Ferrexpo’s [FXPO LN] press release, the company has attracted USD 350 mln in pre-export debt financing. After an 18-month grace period, the company should pay out the debt until March 2014. The loan was organized by 12 banks, with Deutsche Bank in the lead.

In August, export of steel pipes from Ukraine increased by 33.7% MoM to 127.2 thsd tons. Income on export increased by 36.7% to USD 137.4 mln. The January-August period witnessed a 15.1% YoY export decline to 778.3 thsd tons at an overall cost of USD 793.3 mln.

Yesterday, the Government approved full privatization of the Ukraine’s largest fixed line operator, Ukrtelecom. The auction is expected to happen by the end of the year.

Vice Prime Minister Sergey Tigipko says the current Ukrainian banking system has no significant problems and presents no risk.

The NERC left its regulated tariffs for Ukraine’s power distributing companies unchanged for October at the level of UAH 0.55/kWh and UAH 0.69/kWh for users with voltage classes 1 and 2 respectively.

International rating agency Fitch Ratings has confirmed long term ratings for Ukrsotsbank (А/negative) and Forum (А+/stable).

Agricultural companies in Ukraine harvested 33.5 mln tonnes of grain and leguminous crops as of September 24, with an average yield of 2.59 tonne per ha. Agricultural companies processed only 12.9 mln ha of sowing areas this growing season.