Banks and financial institutions involved into the facility include AKA Ausfuhrkredit Gesellschaft mbH, Ukreximbank, National City Bank, Commerzbank, FBN Bank (UK) Ltd., Finansbank (Holland) N.V. and Icebank.
Vadim Lyashko, Chairman of the Board, said: “This transaction represents a new level of our successful cooperation with financial institutions, and the oversubscription from a wide range of international banks demonstrates the high level of interest in our business. We were particularly pleased with the number and variety of banks who participated in the deal. Participants included our established partners and new comers to our joint cooperation.”
Ukrgasbank is the 18th largest bank in the Ukraine in terms of total assets and the 13th largest in terms of deposits. The borrower is rated 'B2' by Moody's.
As at September 2006, Ukrgasbank had total assets of US$680mn, customer deposits of US$399mn, customer loans of US$331mn and shareholders' equity of US$52mn.
Ukrgasbank has a strong client base with about 14,000 corporate clients and 54,000 active retail clients (excluding 235,000 payment card customers) offering them the full range of services, including but not limited to origination of loans and guarantees, acceptance of savings and deposits, settlement and card products, documentary and treasury operations.
