Monday, October 24, 2011

Oschadbank posted a 5-year Eurobonds for $ 500 million with a yield of 8.25% per annum

State Savings Bank sold to foreign investors eurobonds on 500 million dollars. On the Ukrainian News agency said one of the participants of the stock market. According to him, maturity Eurobonds - 5 years, yield - 8.25% per annum. On February 15, Oschadbank started road-show of Eurobonds, but on Feb. 23 said that delays placement of securities. Lead Release Managers are Credit Suisse and Morgan Stanley. As reported, in mid-February Moody's Investors Service has assigned a planned Eurobond Oschadbanka B2 rating, while Fitch - rating V/RR4. As of January 1, 2011 Oschadbanka assets accounted for 59 019 100 000 hryvnia, loans and advances to customers - 44 778 200 000 hryvnia, shareholders' equity - 16 626 300 000 hryvnia. The bank ended 2010 with net profit of 460.601 million hryvnia. 100% of shares Oschadbank is in the public domain. Materials: Ukrainian News

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