Ukrgasbank Repaid a Syndicated Loan
“Repaying the syndicated loan, Ukrgasbank has fulfilled its obligations to foreign lenders. Timely repayment of the last outstanding installment under the loan attests to the reliability of Ukrgasbank as a financial institution”, commented Stanislav Shlapak, First Deputy Chairman of the Board of UKrgasbank.
For reference: The previous international syndicated loan worth USD 46 million raised in June 2007 with the interest rate of LIBOR +2.7% p.a. was repaid on 12 June 2008.