OREANDA-NEWS. March 03, 2008. As was informed by the Bank`s press service with reference to Ukrsotsbank head of the Investment Banking Services Department, Erick Naiman.

Ukrsotsbank completed the initial allocation of 5 - year series G bonds for a total amount of UAH 500 million, February 28, 2008.

"Demand for Ukrsotsbank bonds considerably exceeded offer. Following consideration of applications, Ukrsotsbank settled a single yield bonds at 10% per annum, which was placed into the whole issue - told Erick Naiman.

The maturity of nominal interest series G bonds is 5 years. Nominal yield for the first year of maturity is 12% per annum, interest payments take place quarterly.

"The entire amount raised from the sale of bond funds will be directed for increasing the credit investment portfolio of the Bank, which in its turn will further increase the competitive position of Ukrsotsbank and will provide an opportunity to improve the conditions of credit legal entities and the individuals" - sure Erick Naiman.