Finance & Credit Makes USD 100 mln Eurobond Issue

Finance & Credit Bank, Ukraine’s 10th largest bank in terms of assets, sold a USD 100 mln Eurobond with a yield of 10.375% and maturity of 3 years. The deal was structured using loan participation notes issued by Finance & Credit Ukraine B.V. (the Netherlands) to finance a loan to the bank. Moody’s assigned a B2 rating with a stable outlook to the issue. The issue was lead managed by Deutsche Bank, UBS and VTB Europe.