13.06.08
VAB Bank pays coupon on 3-year Eurobonds

VAB Bank paid the second coupon in the amount of USD 6 328 125 on the 3-year Eurobonds due in June 2010. The coupon is paid semi-annually at the rate of 10.125% per annum.

The debut Reg S USD125 million Eurobonds issue was lead-managed by Credit Suisse International and Deutsche Bank. Moody’s and Fitch assigned the ratings of B2 (positive outlook) and B- (stable outlook) respectively to the issue. The notes have been used solely for financing a loan to VAB Bank.

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Vseukrainsky Aksionerny Bank (VAB Bank) has been operating in the Ukrainian financial market since 1992 and belongs to the group large banks in Ukraine according to NBU. In October 2006, VAB Bank became a member of VAB Group, a full-service financial group. Branch network consists of 25 branches and 143 outlets throughout Ukraine and a representative office in Budapest (Hungary). A large international company, TBIF Financial Services (Amsterdam, the Netherlands), is among the bank's shareholders. Total assets of VAB Bank amounted to UAH 6.7 billion as of 01 February 2008, total capital — UAH 675 million.

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13.06.08VAB Bank pays coupon on 3-year Eurobonds

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13.06.08
VAB Bank pays coupon on 3-year Eurobonds