News

UKRGASBANK plans to raise a syndicated loan facility of $40-45m

According to Mr. Lyashko, Chairman of the Board, “during the syndication we are open to continue cooperation with the banks that had been lead managers for UkrGasBank before. Besides, the Bank is currently working on the hybrid instruments aimed to attract long term financing that will comprise some additional guarantees for lenders”.

UkrGasBank attracted its $16m debut syndicated loan in December 2006 (Libor+3.1% p.a.). Standard Bank Plc led the deal. 

Last June the Bank raised another one-year syndicated facility of $46m at L+270 bp, led and bookrun by Standard Bank and WestLB AG. 14 banks from 9 countries joined the deal.

In December 2007 UkrGasBank attracted a $20m club loan coordinated by Standard Bank.