Ukrgazbank Makes Progress On IPO Plan.
17 July 2008
Ukrgazbank (UGZB) was assigned a B2/Stable short-term rating (not prime) and a long-term financial grade of E+ by Moody’s. The rating is a step towards the bank’s plan to make a public offering on an international exchange later this year, according to the bank’s vice president. He said the bank is also planning to take a $25m-40m syndicated loan to support expansion of the bank’s branch network.
