OREANDA-NEWS. The issue underwriter, JSCIB “UkrSibbank” initiated accepting competitive bids to purchase the first issue of JSC “Ukrinbank” A series bonds. Term of acceptance lasts from the 5th of November, 2007, 9 a.m. to the 9th of November, 2007, 15 p.m, reported the press-centre of UkrSibbank.

Single yield level of JSC “Ukrinbank” A series bonds placement will be fixed by the Issuer on the basis of the accepted investors’ bids. Primary offering yield is single for all the investors for the entire period of initial placement.

Primary offering of A series bonds commences on the 12th of November, 2007 and will end on the 11th of November, 2008 or until the moment of the last bond being placed. Issue underwriter is JSCIB “UkrSibbank”.

Basic issue parameters:
Emission volume: UAH 100 000 000.00, A series;
Maturity period of A series – upon the report on bonds placement results being registered with the State Commission for Securities and Stock Market and the certificate of issue registration being granted till the 8th of November, 2010;
Nominal value per bond: UAH 1 000;
Interest yield for the first-forth interest periods: 13,75% p.a. in UAH, interest rate for the remaining periods is determined by the Issuer, but may not be less than 3% p.a. in UAH;
Interest period: 91 days;
Premature sale of bonds: possible upon the 4th and 8th bonds interest periods;
Depository: OJSC “MFS”;
Underwriter: JSCIB “UkrSibbank”
Paying agent: JSCIB “UkrSibbank”

JSCIB “UkrSibbank” will keep the secondary market liquidity of the Issuer’s corporate bonds submitting daily quotations in FSTS.