Ursotsbank repaid $ 400 million Eurobonds
February 19, 2010
February 18, 2010, Ukrsotsbank timely and fully complied with its obligations under the Eurobond in the amount of $ 400 million issued in February 2007.
"Timeliness of implementation of commitments on the international market once again confirms the reliability, professionalism and high level of Ukrsotsbank liquidity", – Ukrsotsbank Chairman Borys Tymonkin said.
Let us remind that the interest rate on the issuance of loan participation notes (LPN) of Ukrsotsbank was set at 8.0% per annum. Lead Managers of the issuance were ABN AMRO Bank NV and Credit Suisse.
Note
JSCB Ukrsotsbank was established in September 1990. At present, it is among the largest banks in Ukraine. The branch network (without the HQ) of the Bank comprises 447 offices — 440 branches and 7 affiliates. The number of employees — 9 500.
Financial summary, as of 1 October, 2009:
- loan portfolio – UAH 41.480 billion
- net assets — UAH 44.273 billion
- funds of legal entities deposited on thrift and current accounts — UAH 4.857 bln.
- funds of individuals — UAH 6.724 billion
- Bank capital — UAH 5.768 billion
- net profit — UAH 85 million
On 23rd of January 2008, UniCredit Group finalized the acquisition of 94,2% total shareholders capital of Ukrsotsbank from the group of investors that were represented by international consulting company EastOne (shareholders’ saler) through Bank Austria which is responsible for commercial banking activity in CEE.