Rodovid Plans $19.8m 3-Year Bond.

Rodovid Bank (RODB), Ukraine’s 28th largest bank by assets, announced plans to place $19.8m worth of three-year domestic bonds. The bonds will be placed from August 30 through Novemeber 29. The bank said it also planned to obtain a syndicated loan of $10-15m by the end of the year. The bank plans to use the funds to support its expansion of its branch network and retail lending business. At its last AGM on May 13, the bank issued additional shares increasing the bank’s statutory fund by $50m to $64m. Rodovid’s owners plan to place 10% of the bank among private foreign investors later this year.