Pivdenny Bank draws EUR 3.8 mln subordinated loan

11 August 2009

Pivdenny Bank attracted a five-year EUR 3.8 mln subordinated loan from East Capital Explorer Financial Institutions Fund (Sweden), the Ukrainian lender reported yesterday. Andrii Parkhomenko: The bank’s Eurobonds have been completely illiquid for the last few months, hence we do not expect the news to impact their price.

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