Oschadbank Seeks Credit Ratings to Place Eurobonds

29 January 2008

Officials at the state-owned Oschadbank, Ukraine’s eighth largest bank in terms of assets and by far the largest in terms branches (6,147), said the bank will obtain a credit rating from Moody’s or Fitch Ratings this summer in order to facilitate a Eurobond for a sum not less than USD 100 mln in 2H07. The upcoming issue is likely to be denominated in USD.