MEGABANK Will Issue Eurobonds
OREANDA-NEWS. March 11, 2010. MEGABANK,PJSC (Kharkov) intends early 2011 come up to the Eurobond market, advised to the agency "Interfax-Ukraine" chairman of the management board Olena Zhukova.
As per her words, the volume of issue of Eurobonds will be not less than USD 100 million. Circulation term is at least three years.
"We have had discussions wit EBRD, they will help us with the preliminary work, for us to be able early next year come up to the Eurobond market", - said Ms. Zhukova.
According to the words of the banker, the preparation to the debut issue of Eurobonds MEGABANK,PJSC plans to start in the fall this year.
As was informed, MEGABANK,PJSC in 2010 plans to build up the assets by 7% - up to UAH 3,396 billion, loan portfolio - by 14%, up to UAH 2,644 billion. Major object of crediting is small and medium businesses.
The bank's assets in 2009 grew by 8% - up to UAH 3,172 billion, loan portfolio decreased by 2% - up to UAH 2,322 billion.
MEGABANK,PJSC (formerly - bank "Dobrodiy") was founded in 1990. According to NBU data, by October 1, 2009 by the total assets (UAH 2,965 billion) MEGABANK,PJSC held 48th place among 182 Ukrainian banks.
Late October last year EBRD and KfW entered the membership of MEGABANk's shareholders with 15% of shares each. CJSC "М-Invest" (Kharkov) owns 34,99% bank's shares. Bank's partners are IFC and EFSE.
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