Ukrsibbank Places USD 125 Mln Eurobond

Ukrsibbank, ranked number five in Ukraine in terms of assets, placed a USD125 mln Eurobond issue at 8.95% with a 3-year maturity. Deutsche Bank and UBS are the lead managers of the placement. Fitch rated the issue at B-. Concorde Capital: In 2005, Ukrainian banks intensified their efforts to attract funds from the European capital market. Ukrsibbank has become the third Ukrainian bank to place a Eurobond this year. In May, another major Ukrainian bank, Ukrsotsbank (ranked fourth), placed a USD 100 mln Eurobond issue at a slightly higher rate of 9%, with a 3-year maturity. Fitch rates the bond B-. In Jan, the state-owned Ukreximbank (ranked sixth) issued a 5-year, 7.75% Eurobond for USD100 mln. Fitch rates the bond BB-.