Ukrgazbank Announces Plans To Attract USD 16 mln Syndicated Loan
8 December 2008
Ukrgazbank (UGZB) has announced plans to attract a USD 16 mln syndicated loan at Libor+3.1% to support its further lending growth. The bank mandated Britain’s Standard Bank to arrange the loan. Additionally the bank said that was looking into the possibility of placing USD 20 mln in convertible bonds with a 3% yield. Ukrgazbank is Ukraine’s 17th largest bank in terms of assets.
