VAB Bank has successfully placed G Series bonds with the following characteristics
- amount: UAH 125 million;
- type: interest bearing registered bonds, issued in electronic form;
- maturity date: 28/02/2011;
- put option: 02/03/2009;
- coupon: fixed 13% p.a. for the first 4 coupon periods. Coupon interest rates for the subsequent periods will be determined by the Issuer additionally;
- coupon period: 91 day.
The Bank placed bonds among the leading banks, investment and insurance companies. All the funds attracted from bonds issue will be directed towards the bank’s loan and investment portfolio increase.
Reference dataVseukrainsky Aksionerny Bank (VAB Bank) has been operating in the Ukrainian financial market since 1992 and belongs to the group large banks in Ukraine according to NBU. In October 2006, VAB Bank became a member of VAB Group. Branch network consists of 25 branches and 143 outlets throughout Ukraine and a representative office in Budapest (Hungary). A large international company, TBIF Financial Services (Amsterdam, the Netherlands), is among the bank’s shareholders. Total assets of VAB Bank amounted to UAH 6.7 billion as of 01 July 2008, total capital — UAH 908,6 million.
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