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Concorde Capital’s Alexander Paraschiy writes:

“The company will be able to accumulate more funds to finance its capex programs, as well as will enjoy better leverage multiples. This potentially may lead to further upgrades of the company’s credit ratings. All in all, we continue to consider RAILUA bonds as the most attractive in Ukraine’s quasi-sovereign universe.”

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Over the next decade, UZ needs to buy 315 new locomotives,

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Cash-starved UZ got a break Wednesday when the State Regulatory Service approved cargo rate increases designed to bring in an extra $500 million over the next 18 months.