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IBI-Rating has affirmed the credit rating of «PRAM» LLC bonds

22.06.2020
National authorized rating agency IBI-Rating informs on affirming of the credit rating of the registered housing conventional (unsecured) bonds of A-C Series of «PRAM» LLC at uaBBB grade, the rating outlook has changed from «evolving» to «stable».

Housing bonds issued to finance the construction of the RC «NODUS» - superior apartment building with built-in non-residential premises and an underground garage at a construction address: Kharkiv city, st. Kultury 4.

When the redemption of A Series bonds takes place, apartments will be transferred to owners of bonds, B Series - built-in non-residential premises, C Series - parking spaces of the underground garage.

The construction of the residential complex «NODUS» began in the Q2 by 2018 on the basis of the Permit to carry out construction works No. ХК 112180810734 dated from 03/23/2018 on a land plot owned by «PRAM» LLC. The object was put into operation in December 2019, and the redemption of housing bonds is planned for February-July 2021, which indicates at reserve of the time for the redemption of securities.

The general contractor for the construction of the RC «NODUS» is the «Zhilstroy-2» ALC - a company of a full construction cycle, one of the leaders of the primary real estate market in Kharkiv city. The portfolio of investment and construction projects implemented by «Zhilstroy-2» ALC - 2 consists of residential real estate «economy», «business» and «elite» classes, as well as non-residential real estate. At the same time, «Zhilstroy-2» ALC is the main participant of «PRAM» LLC.

The favourable location of the RC «NODUS» (central part of the city) should contribute to the increased demand for real estate in the residential complex and will reduce the risks of under-financing the project.

In order to carry out the analytical research the materials provided by «PRAM» LLC have been used, including financial statements of the Issuer for 2017-2019 and 3 months by 2020, the background information about activities of «PRAM» LLC, the information on the issue of bonds, other necessary internal information, as well as the information from the public sources, which the Rating agency considers credible.

Corporate department
For additional information please contact:
Press office of IBI-Rating
(044) 362-90-84
press(at)ibi.com.ua