OREANDA-NEWS. PrivatBank’s agreement with private foreign investors on extension of the company’s Eurobond maturities has been acknowledged as the best deal in Eastern Europe in 2015. This was announced by EMEA Finance magazine, which annually recognises the industry’s most impressive achievements. According to the magazine’s experts, including leading European bankers and financiers, PrivatBank’s refinancing deal for its Eurobonds was the absolute winner in the ranking of Best restructurings of 2015.

“The best and the most effective deals in Eastern Europe, chosen by experts and bankers, are awarded annually for the achievements in capital market, - according to the EMEA Finance release. - At the end of 2015 banks with the most innovative decisions in capital market were chosen from the large amount of contenders.”

To be reminded, on 13 November 2015, PrivatBank reached an agreement with foreign investors on extending the maturity of USD 220 mln of subordinated debt to the year 2021. Strong support from investors allowed the bank to use raised funds to increase its regulatory capital. Also taking into account the extension of USD 200 mln of Eurobond maturities until 2018, PrivatBank has received support in the amount of UAH 10 bln from international investors.