OREANDA-NEWS. August 9, 2007. The other day Chairman of the Supervisory board Stepan Chernovetskiy claimed that by the year end 2007 bank will draw in the local and international market 150 mln USD and 200 bln UAH appropriately.

"PRAVEX BANK" has signed mandate letter with two international investment banks having appointed them as lead managers of Eurobond issue in the second have of the year 2007.

Currently "PRAVEX BANK" is in the process of receiving rating from the second international rating agency.

Also bank is planning to issue bonds on the total amount of 200 mln UAH with the purpose of attracting financing on the local debt market.

"We achieved agreement with international investment banks in question of placement of Eurobonds in the international market with the purpose to provide diversification of sources of funds. The first stage of market of loan capital entry is successfully completed — we attracted 30 mln USD, organized placement of bonds in UAH. Now we have clear vision of investors’ attitude towards "PRAVEX-BANK" — commented Chairman of the Supervisory board of "PRAVEX-BANK" Stepan Chernovetskiy.