Nadra Bank redeems USD 100 mln Eurobond issue

Nadra Bank (NADR) said yesterday that it redeemed its USD 100 mln Eurobond issue. The issue was placed in 2005 at 9.5% p.a. by Kleinwort Wasserstein and UBS. Oleksandr Klymchuk: Successful redemption of the bonds should have a positive influence on the secondary market of another outstanding Nadra Bank issue (USD 175 mln; 9.25%; June 2010) currently quoted at 80.2%/62.2% YTM.