Rodovid Bank Releases IPO Plans
4 April 2008
Bank Chairman Denis Gorbunenko said Rodovid (RODB) is looking at placing a 10% equity stake with investors at a price of about USD 1,450 (UAH 7,300) per share. The bank expects to attract about USD 122.9 mln (UAH 620.5 mln) in financing this year, which includes a USD 100 mln Eurobond issue. A 78% stake in Rodovid Bank was recently consolidated in the hands of RB Capital Group. According to Gorbunenko, this move was designed to make the bank’s shareholder structure more transparent and open.
