Ukrsotsbank Receives 50 Offers to Organize Bonds Issue
OREANDA-NEWS. March 21, 2008. The expert considers the service to be very popular, although not yet become commonplace for most Ukrainian companies. “Every year 40-50 companies of different fields address to Ukrsotsbank with a proposition to organize bonds issue. Of these the bank selects 5-10 indeed the best and most prepared for the market of public borrowing so the corporate bond market is,"- says Eric Nayman. He believes that companies unprepared to become more public and transparent for investors as well as high interest rates hinder the market development.
Compared with other financial institutions the bank can offer the issuer to redeem most of the loan and to maintain it during the regular offers. "For this reason, the vast majority of issuers address in commercial banks with a proposition to organize of the bonds issue" – assured the financier.
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