Ukrsotsbank Set To Receive USD 100 mln Syndicated Loan This Week

According to local media reports Ukrsotsbank (USCB: BUY) is going to receive a one-year syndicated loan for USD 100 mln at Libor+1.6% by the end of the week.  In October USCB announced plans to raise over USD 1.5 bln on foreign markets in 2007 (about USD 2 mln more than Ukraine’s entire banking sector in 2005) through the placement of Eurobonds, syndicated credit and a private placement. The bank was also placed into the basket of the largest and most liquid stocks on the PFTS.