Fitch has assigned a planned bond issue Pravex Bank Series E and F to 500 million hryvnia to the expected rating of B + (exp)

International rating agency Fitch has assigned a planned bond issue Pravex Bank Series E and F to 500 million hryvnia to the expected long-term rating of B + (exp). This is stated in the message Fitch. The agency also assigned a rating according to Securities and Recovery RR4 rating AAA (ukr) (exp) on a national scale. The final rating bonds Pravex Bank Fitch plans to assign after receiving the final documentation for the transaction. In accordance with a rating scale of Fitch, the ratings of group B means the presence of certain credit risks with a limited margin of safety. Bonds Pravex bank of the E series will be released on 200 million hryvnia. Placement papers of this series will be held from 25 May 2011 to May 24, 2012. The maturity date - May 22, 2013. Series F Bonds will be issued to 300 million hryvnia. Placement papers of this series will be held from August 28, 2011 on August 24, 2012. The maturity date - August 21, 2013. As reported, as of January 1, 2011 assets of Pravex Bank amounted to 5 655.5 million hryvnia, loans and advances to customers - 5 045 900 000 hryvnia, equity - 890.7 million hryvnia. The bank ended 2010 with a loss of 188.413 million hryvnia. 100% of shares of public joint stock company Pravex bank owns an Italian bank Intesa Sanpaolo. According to materials of the Ukrainian News