РroСredit Bank to emit UAH 200 million in bonds

ProCredit Bank will emit UAH 200 million in bonds. The emission is planned, as described in the emission prospectus, in book-entry form with a face amount of UAH 1 000 in two tranches - «G» series bonds (UAH 100 million) and «Н» series bonds (UAH 100 million).

The emission of bonds will begin on 17th May 2011 at stock exchanges «Perspektyva» and PFTS. Issue underwriter is LLC «Investment Capital Ukraine».

The issue prospectus is published in «Bulletin. Securities of Ukraine» (№79, 29.04.2011) as well as on ProCredit Bank’s website.

«From the beginning of year we have been observing a steady growth in demand for loans from small and medium businesses. We decided to emit bonds to attract the necessary financial resources to support this growth. Interest will be paid quarterly, the offer is for two years. The coupon rate for the first 2 years of the circulation – 13,5 %. We are planning to repay bonds in 2015. All financial resources received from this emission of bonds will be used exclusively for lending to small and medium businesses», – says Viktor Ponomarenko, Deputy General Manager.