Ukrsibbank Makes USD 500 mln Eurobond Placement

Ukrsibbank completed the placement of loan participation notes for USD 500 mln. Ukrsibbank’s bonds have a yield of 7.75% and five-year maturity, the issue was rated Ba2 by Moody’s and BB+ by Fitch. Oleksandr Klymchuk: Despite having a credit rating two notches better than the sovereigns maturing in 2011, Ukrsibbbank’s Eurobonds were placed with a yield 170 bps over Ukraine’s sovereign Eurobonds and 42 bps higher than Ukreximbank’s USD 500 mln Eurobond placement.