OREANDA-NEWS. November 22, 2007. VAB Bank has successfully completed the placement of F-series bonds with the following brief description

Amount of issue: 150 000 000 UAH
Type and form: common, interest bearing, registered, in book-entry form.
Maturity date: 31/05/2010.
Put option date: 01/12/2008.
Coupon rate: 14.0 % p.a. fixed for a 1-6 coupon period. The rates of further coupons will be additionally determined by the Issuer.
Coupon period: 91 days (3 months).

The placement took place from November 1 through November 9, 2007. The guidance was set between 12.0-12.5 %.

The general bid amounted to 180 million UAH, which enabled to close the book at the lowest level.

The yield was fixed at 12.0 %. The issue was taken up by leading banks, investment and insurance companies.

The primary placement was run by two lead-managers UkrSibbank and VAB Bank simultaneously, which enabled a better coverage of the investors’ active at the UAH bond market.
 
According to the Head of Treasury and FI of VAB Bank, Lukas Tursa, the main investors of the bonds are companies with foreign capital, which underlines the qualitative level and long-term intentions of the investors.