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2008
Archive » 2007 , 2008
News of the Bank
News
JSC Pravex-Bank has raised a USD42,000,000 debut Syndicated Loan Facility

On 10 September,
2008 JSC "Pravex-Bank" ("Pravex" or the "Borrower") signed its USD42,000,000
Debut Syndicated Short Term Loan Facility (the "Facility").
Launched at USD15
million on 27 June 2008, the Facility was well received in the market and
achieved an oversubscription of 180 %. As a result of this successful
syndication the Borrower has elected to increase the Facility amount to USD42
million.
"This
fact confirms the investors high degree of confidence in Pravex as well as its
investment appeal in the international capital market", comments Nataliya
Zubrytska, Chairwoman of the Management Board.
Bayerische Landesbank ("BayernLB"), Intesa Sanpaolo S.p.A. ("Intesa") and Standard Bank Plc ("Standard Bank") acted as Initial Mandated Lead Arrangers and Bookrunner of this Facility. Intesa is the Documentation Agent and Standard Bank is the Facility Agent. The syndicate consists of 9 banks from Europe and Middle East.
On 27 June 2008 Intesa and the controlling shareholders of Pravex finalised Intesa's acquisition of 100% of the share capital of Pravex.
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News thrue september
2008
- 65 thousand of calls were accepted by PRAVEX-BANK Call-Center in september
- More than 1,6 million of Internet-users visited PRAVEX-BANK site since the beginning of 2008
- PRAVEX-BANK increased interest rates on deposits in local currency
- Perform a money transfer via Pravex-Telegraph system and get a precious coin
- PRAVEX-BANK realized more than 18 t of banking metals from the beginning of the current year
- PRAVEX-BANK paid uah 3.1 million of interest income for the fourth coupon period on B series bonds
- Order Credit at home service from PRAVEX-BANK with the help of SMS
- Apartment in Kyiv from PRAVEX-BANK has found its lucky owner.
- PRAVEX-BANK performed by 32% more transfers through the PRAVEX-TELEGRAPH system
- PRAVEX-BANKs special offer for Rasrochka-Econom credit cards drawing up
- Perform a money transfer via Pravex-Telegraph system and get a precious coin
- Volume of car loans issued by PRAVEX-BANK grew twice
- Apartment in Kyiv from PRAVEX-BANK has found its lucky owner.
- PRAVEX-BANK reached the mark of 300, 000 of issued credit cards
- PRAVEX-BANK sets up new records on the service Western Union international money transfers
- Perform a money transfer via Pravex-Telegraph system and get a precious coin
- PRAVEX-BANK STOCKHOLDERS MEETING: Banks authorized capital increased by UAH 500 million, new Chairman of the Supervisory Board elected
- Volume of car loans issued by PRAVEX-BANK grew twice
- PRAVEX-Banks bonds of series C are included into the quoting list of second level of First Bond Trading System.
- Lucky winners of depositary special offer from PRAVEX-BANK
- On 1st September PRAVEX-BANK put into operation new advantageous rates on settlement servicing of individual current accounts
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