Ukrgazbank Places USD 19.8 mln in Local Bonds
12 February 2008
Ukrgazbank (UGZB: HOLD) placed USD 19.8 mln in five-year bonds with a coupon of 13% for the first year of circulation. The bonds were placed earlier than scheduled and were bought mainly by Ukrainian commercial banks. In 2007 Ukrgazbank placed USD 59.4 mln in local bonds with a coupon of 12%. Ukrgazbank Chairman Vadim Lyashko said that the bank plans to cover up to 10% of its liabilities through bond issues.
