OREANDA-NEWS. PrivatBank became the first Ukrainian private bank to place successfully a senior bond on European market over the last three years and thus broke through the barrier of European investors’ distrust of Ukrainian financial institutions. This was announced in the special publication of the British weekly magazine EUROWEEK, part of the EUROMONEY media group. According to the magazine, the bank’s Eurobond placement USD175 million became the first deal of a private Ukrainian bank since 2010. And it will allow PrivatBank to attract further capital on more beneficial terms.

"It’s definitely a good sign for the market", - said Josh Presley, an emerging markets syndicate official at Credit Swiss in London, and one of the lead managers on the PrivatBank deal. - "Some investors have issues with the Ukrainian macro environment, but on a corporate or bank level investors are quite comfortable with the Ukrainian credit."

The EUROWEEK experts noted that the PrivatBank’s market entry after the world financial crisis also indicated the growth of investors’ confidence in financial system of Ukraine. PrivatBank is a significant example in this field, as it is the largest bank in Ukraine and demonstrates the active dynamics of its market expansion. According to the magazine, PrivatBank is the 9th of largest banks in Central and Eastern Europe and is recognized to be the 4th among leading banks in Eurasia apart from Russia.