OREANDA-NEWS. On 07 June 2008 was announced, that Ukrsotsbank paid principal amount and accrued interests on the three-year Eurobonds issued in 2005 amounting to USD 100 million.

Let us remind that Ukrsotsbank started placement of Eurobonds on May 25, 2005. Lead-managers of issuance were ABN AMRO international bank and Moscow Narodny Bank Limited (London).

The maturity term of the bonds is June 6, 2008. The Bank Eurobonds were assigned "Ba2/positive" ratings by Moody's agency and "B-/Stable" by Standard & Poors.

At the time of Ukrsotsbank Eurobonds placement this Issue of Eurobonds established new levels of borrowings for the Ukrainian banks as the rate of return of 9% was a record low for the Ukrainian banks which were at the Eurobond markets. In addition, not only European investors bought Eurobonds but also representatives of South-East Asia which before bought only Ukrainian bonds of sovereign or state issuers.