Fitch assigns B+ rating to expected UAH 1bn bonds by VTB Ukraine.

By bne IntelliNews March 10, 2011
Fitch Ratings, an international ratings agency, has assigned expected B+(exp) rating on the forthcoming issue of UAH 1bn bonds by VTB Bank Ukraine. Recovery Ratings of RR4 and National Long-term ratings of AAA(ukr)(exp), were also assigned, the press release said. Bank VTB, Russia holds a 99.92% stake in the VTB Bank public joint-stock company. VTB Bank intends to place UAH 1bn bonds in four tranches (series): Series C to the tune of UAH 300mn, Series D of UAH 200mn, Series E of UAH 300mn, and Series F of UAH 200mn. The notes will be placed on the Perspectiva (Dnipropetrovsk) Stock Exchange. As of Jan 1, VTB Bank's assets amounted to UAH 33,144.6mn, credits and clients' liabilities stood at UAH 30,519.3mn, and shareholders' totaled UAH 4,343.4mn. The bank posted net loss of UAH 483.618mn for 2010.

Related Articles

Metro Ukraine raises sales by 11% y/y to EUR 877mn in 2012.

In 2012, Metro Cash&Carry Ukraine, which is a retail division of the Metro Group (Germany), raised sales by 10.9% y/y to EUR 877mn, the company said. The company opened two new wholesale ... more

NBU: Gross external debt of Ukraine up 2% q/q in Q4/2012

The Naftogaz Ukrainy has repaid UAH 2.4bn worth of loans so far in 2013. The company was able to repay this amount of loans because of economy of natural gas in all areas of its operation, ... more

EC makes new recommendations for Ukraine.

The European Commission recommends Ukraine to focus on meeting its commitments under the association agenda, reads the ENP Country Progress Report 2012 - Ukraine released on Wednesday. In ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss