Raiffeisen Bank Aval to Issue Record UAH 1.5 bln in Local Bonds

At their sitting on April 15 Raiffeisen Bank Aval’s (M: Baa1) management members decided to issue UAH 1.5 mln (USD 297 mln) in one series local bonds. The bank will make a private placement of 1.5 mln bonds, which is going to be the largest ever local bond offering in Ukraine. BAVL doesn’t disclose other details of the issue.  Last year the bank placed UAH 500 mln, 1.5 year bonds with a 13% coupon and UAH 150 mln, 3 year bonds with a 13.5% coupon.