Privatbank Places Mortgage-backed Eurobonds
14 February 2008
Privatbank placed a total of USD 171 mln in mortgage-backed bonds, the first mortgage-backed Eurobond placement by a Ukrainian entity. Privatbank sold USD 134 mln of senior bonds with investment grade ratings (M: Baa3 and F: BBB-) and USD 36.9 mln of subordinated sub-investment grade notes (M: Ba3 and F: B+). The senior notes pay a coupon of 210 bps more than one-month LIBOR and the subordinated notes pay a coupon of 375 bps over LIBOR.
