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Swedbank to raise $70m syndicated loan in June

27.05.2008 - Interfax-Ukraine

Swedbank to raise $70m syndicated loan in June

Swedbank (Kyiv) intends to raise a syndicated loan of about $70m in June, according to Sergey Tigipko, head of the Board. “We are now holding talks and we expect to get about $70m in June”, Sergey Tigipko said.
Swedbank raised a $65m syndicated loan arranged by BayernLB in April 2008. The facility was split into two tranches: a 2-year $31m tranche paying Libor+1.7% and a one year $34m tranche paying Libor+0.85%.


Issuer profile: CB “TAS-Commercbank” was registered on 31 October 1991. The bank is one of the greatest banks by the classification of the NBU. It is the 19-th biggest bank in the asset volume. Now its bonded debt forms 480 mln grn. TAS-Commercbank possesses 100% of shares of TAS- Investbank. The general number of assets of these financial institutions is approximately 7.5 milliard gr n. Swedish financial group Swedbank AB is the owner of the TAS-Commercbank (publ). Swedbank is one of the leading financial groups in the North Europe and Scandinavia. Market capitalization aggregates $ 20 milliard. Assets forms about $ 200 milliard. Swedbank AB (publ) services over 8.9 million natural persons and over 579 thousand corporate customers in Sweden and other Scandinavian countries.
Outstanding issues:
  4 issue(s) outstanding worth UAH 730 000 000
Cbonds pages: Swedbank
Issuer's rating:
Moody's B2/Positive Int. Scale (foreign curr) 07/12/2007
Moody's Aa1.ua/Stable National Scale (Ukraine) 07/12/2007
Moody's Ba2/Positive Int. Scale (loc. curr.) 07/12/2007
Fitch Ratings AAA(ukr)/Stable National Scale (Ukraine) 09/25/2008
Fitch Ratings BB/Negative Int.l Scale (local curr.) 09/25/2008
Fitch Ratings BB-/Negative Int. Scale (foreign curr.) 09/25/2008
Credit-Rating uaAA/Stable National Scale (Ukraine) 07/11/2007










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