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Factorial-bank to issue A-series bonds amounting to UAH 100m

January 21, 2008 | Interfax-Ukraine

Factorial-bank (Kharkiv) intends to issue A-series bonds amounting to UAH 100m. According to the issue prospectus, this decision was upheld on November 13, 2007.
The placement will be carried out by the bank itself from January 29, 2008 till January 28, 2009. Face value per bond is UAH 1,000. The issue will yield 13.5% p.a. for the 1st circulation year. The issue conditions presuppose quarterly coupon payments and annual buyback offers. The issue is to be redeemed on January 22, 2013. The proceeds will be used to increase the volume of loan and investment transactions of the borrower.

Company: Faktorial-Bank

Full company nameOJSC Joint stock bank "Factorial-Bank"
Country of riskUkraine
IndustryBanks

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