Ukrsotsbank Aims to Attract EUR 2.6 mln in Debt in 2008
19 November 2008
Ukrsotsbank (USCB: HOLD) CEO Boris Timonkin said that the bank plans to attract a total of EUR 2.6 mln in debt via Eurobonds, syndicated loan facilities and other instruments in 2008. Timonkin said that 93-95% of debt will be USD-denominated. He indicated that the bank’s target international borrowing in 2007 was USD 2.5 bln, of which USD 2.3 bln had already been attracted.
