Ukrsotsbank Recieves USD 250 mln Syndicated Loan

Ukrsotsbank (USCB: BUY), Ukraine’s fifth largest bank in terms of assets, received a one-year USD 250 mln syndicated loan at LIBOR+1.6%. The Bank of Austria, Bayern LB and Calyon organized the deal. The loan is USD 150 mln more than the bank originally planned to receive. Ukrsotsbank plans to attract roughly $1.5 bln through the placement of Eurobonds, syndicated credit and a private placement in 2007.