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Ukrsotsbank Set To Receive USD 100 mln Syndicated Loan This Week

Ukrsotsbank Set To Receive USD 100 mln Syndicated Loan This Week

12 December 2008

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.

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