OREANDA-NEWS. On December 15, 2008 VAB Bank paid the third coupon in the amount of USD 6 328 125 on the 3-year Eurobonds due in June 2010. The coupon is paid semi-annually at the rate of 10.125% per annum, reported the press-centre of VAB Group. 

The debut Reg S USD125 million Eurobonds issue was lead-managed by Credit Suisse International and Deutsche Bank. The loan participation notes have been used solely for financing a loan to VAB Bank.

“…the fact that the Bank has no material foreign and domestic debt maturing before mid-2010, gives us certain comfort under the challenging market conditions”, commented Lukas Tursa, VAB Bank Deputy Chairman.