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OTP bank decided to issue bonds series E and F worth UAH 800 million

June 23, 2017 | Ukrainian News (translated by Cbonds)

OTP bank decided to issue bonds series E worth UAH 400 million, and series F worth UAH 400 million. According to the Ukrainian News Agency, it was reported by the financial institution in the information disclosure system of National Securities and Stock Market Commission. Supervisory Board of the bank has adopted the respective resolution on June 15. OTP Bank will publicly issue 400,000 registered interest-bearing debenture bonds of each series in electronic form in the amount of UAH 1 thousand each. The agreements will be executed by the issuer directly without underwriter’s participation, at Perspective stock exchange. The raised funds will be used to finance projects on lending to private and corporate customers of the bank. No other parameters have been specified by the bank yet. The Ukrainian News Agency has reported that OTP Bank has been present in the Ukrainian market since 1998, and it is fully owned by OTP Bank Plc, the largest bank of Hungary. OTP Bank is a part of the OTP Bank Group, together with Asset Management Company OTP Capital and OTP Leasing. OTP Bank closed the year 2016 with a profit of UAH 962 million. According to the National Bank of Ukraine, as of April 1 the bank ranked 12th among 90 operating banks by total assets. Reprinting, copying or reproduction of information containing a reference to the Ukrainian News Agency in any form is strictly prohibited

Company: OTP Bank (Ukraine)

Full company namePublic Joint-Stock Company OTP Bank
Country of riskUkraine
IndustryBanks

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