By Lisa Kerner
Charlotte, N.C., Oct. 8 – Ukraine’s PrivatBank placed $70 million of 5.799% loan participation notes due February 2021 issued by UK SPV Credit Finance plc with a member of its shareholder group on Wednesday.
The company announced the issue on Oct. 1.
Proceeds will be used to fund a subordinated loan and to increase capital.
PrivatBank is a lender based in Dnipropetrovsk, Ukraine.
Issuer: | PrivatBank
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Issue: | Loan participation notes
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Amount: | $70 million
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Maturity: | February 2021
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Coupon: | 5.799%
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Distribution: | Private placement
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Announcement date: | Oct. 1
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Settlement date: | Oct. 7
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Purchaser: | Shareholder
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