Home
/
News
/

VTB Bank readies UAH 1 bln in bond placements

VTB Bank readies UAH 1 bln in bond placements

12 September 2011

Ukraine’s VTB Bank is planning to issue UAH 1 bln in bonds, Interfax reported on Friday, citing a filing with the Securities & Exchange Commission. The bank intends to place four new series of UAH local bonds with maturity in March 2014 (UAH 300 bln, 12.75%), August – September 2013 (UAH 500 bln, yields 12.25% and 12.5%, respectively) and October 2015 (UAH 200 bln, 12.5%).  The placements are to be held on the PFTS exchange. The bank plans to use 60% of the proceeds for lending and 40% for securities transactions. VTB Bank was Ukraine’s seventh largest bank, with UAH 35.9 bln in assets as of June 1, 2011, according to the National Bank of Ukraine.  Svetlana Rekrut: This will be VTB’s second round of placements this year after three series totaling UAH 1.0 bln maturing in 2015 and a coupon of 12.0%. VTB has good credit profile, but the UAH deficit on the market in the last two month might complicate its plans for a new bond placement.

Latest News

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...