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Press Release :: Raiffeisen Bank Ukraine

Logo Raiffeisen Bank UkraineOpen Joint Stock Company Raiffeisen Bank Aval has fully repaid a 364-day tranche (Tranche «A») of a syndicated loan facility received in July, 2008.

As reported before, the facility in amount of USD 200 mln was signed on 24 July, 2008. The deal was structured in two tranches: the Tranche «A» totaling USD 83.5 mln maturing on 23 July, 2009 and the Tranche «B» being USD 116.5 mln to be repaid in July, 2010.

After successful repayment of Tranche «A» amount Raiffeisen Bank Aval has no further repayments of wholesale funding deals till the end of 2009. Like in the previous years, this year the bank has fulfilled all its liabilities towards its customers and investors in time and full amount.

«We have always been reliable partner for any and all of our counterparts, including foreign investors. The timely repayment of the syndicated loan has once again demonstrated the financial strength and reliability of our bank, and it is also a very important positive signal both for Ukrainian banking market as well as international markets in these times», said Gerhard Boesch, Deputy Chairman and acting CFO of Raiffeisen Bank Aval.

Source: Raiffeisen Bank Ukraine
Date: 23.07.2009
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