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

National authorized rating agency IBI-Rating informs on the determining of the credit rating of the registered housing conventional (unsecured) bonds of A-C Series of «PRAM» LLC at uaBBB grade, with a «stable» outlook.

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: city Kharkiv, st. Kultury 4.

When redeeming the owners of A Series bonds, apartments will be transferred, 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 second quarter of 2018 on the basis of the Permit to carry out construction works No. ХК 112180810734 dated 23.03.2018 on a land plot owned by «PRAM» LLC. According to the estimates of «PRAM» LLC specialists, at the end of September 2018, the construction readiness of the residential complex «NODUS» was 28%. The commissioning of the object is planned for the 4th quarter of 2020, and the redemption of the housing bonds is planned for February-July 2021.

The general contractor for the construction of the residential complex «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. 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 favorable location of the residential complex «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 2015-2017 and 3 months of 2018, the background information on the 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.

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