Pivdenny Bank to tap external market for USD 130-145 mln in 2010

Pivdenny Bank Management Board Chair Vadim Morohovsky said yesterday that the lender plans to attract USD 130-145 mln from foreign capital markets in 2010, including a Eurobond placement of at least USD 100 mln, subordinated loans and credit facilities from European banks. Pivdenny has an outstanding USD 100 mln Eurobond issue that matures August 3, 2010. Pivdenny was Ukraine’s #21 largest bank by net assets (UAH 10.4 bln or USD 1.3 bln) as of end-1Q10.