Pivdenny Bank redeems USD 100 mln Eurobonds

Pivdenny Bank redeemed its USD 100 mln Eurobonds yesterday, according to a press release. The issue was placed in 2007 at 10.25% p.a. Pivdenny Bank was Ukraine’s #21 largest bank by assets (UAH 10.5 bln), according to the National Bank of Ukraine. According to earlier announcements, the lender could return to the Eurobond market at end-2010 or early 2011.