Rodovid Bank to Attract USD 50 mln in Local Bonds
10 December 2008
According to Ukrainian News, Rodovid Bank announced it decided to attract UAH 250 mln (USD 49.5 mln) in local bonds. This is in addition to two series of local bonds totally worth UAH 500 mln (USD 99 mln) the bank decided to issue on November 30. Attracted funds will be directed to increasing the bank’s loan portfolio. As we reported a month ago, Rodovid Bank was considering issuing UAH 250 mln (USD 49.5 mln) in three-year local bonds before the end of the year.
