Wednesday, September 28, 2011

Ukrainian subsidiary »Societe Generale will take 100 million hryvnia

ProFin Bank intends to issue a three-year nominal bonds of 100 million UAH., Reported the financial institution. According to the official report of the bank, the decision to issue securities approved a general meeting of shareholders on February 22. The bank plans public offering of bonds of face value of 1 thousand grn. during the period from 23 May 2011 to April 22, 2012: the end date of the bonds May 18, 2014. Securities provided a guarantee of Societe Generale SA (France). According to the bank, payment of interest income on bonds by 12 times within one banking day after the relevant interest period. The interest rate on all interest periods is set at 14% per annum in local currency. Underwriters were OOO Investment Capital Ukraine "and Bank VTB Bank: securities will be placed on the Stock Exchange Perspective." The volume of bonds exceeds the amount of the share capital by 3,9%. Percentage of the total amount of securities of the issuer, which are in circulation, to the size of the share capital - 100%. Recall ProFin Bank (formerly - "Ikar-Bank) was established in 1989. On January 1, 2011 Societe Generale SA owned a 98.1% stake in the bank. By total assets at 1 January 2011 "ProFin Bank took place 155 (222 mln.) Among the 175 banks operating in the country. Materials: Interfax-Ukraine

No comments:

Post a Comment