Ukrsibbank redeems USD 75 mln club loan
9 July 2009
Ukrsibbank said that it redeemed a USD 75 mln club loan on time and in full on July 7. The bank took out the loan in 2008 at LIBOR+1%. The lead manager of the loan was Emirates Bank International; paying agent was Sumitomo Mitsui Banking Corporation Europe. Ukrsibbank said that it has paid out a total of over USD 325 mln to meet foreign debt obligations this year. Ukrsibbank is Ukraine’s #4 largest bank by assets, according to National Bank of Ukraine statistics as of April 1.
