2015
| 17.11.2015 |
ANNOUNCEMENT OF INITIATING BID COLLECTION PROCEDURE |
|
02.11.2015 |
ANNOUNCEMENT OF INITIATING BID COLLECTION PROCEDURE |
2014
|
03.12.2014 |
The USAID-funded Financial Sector Development Program (USAID/FINREP-II), implemented by Financial Markets International, Inc. (FMI), is soliciting proposals for conducting a survey to assess the Ukrainian consumers’ awareness of the deposit guarantee system of Ukraine. |
|
07.10.2014 |
The USAID-funded Financial Sector Development Program (USAID/FINREP-II), implemented by Financial Markets International, Inc. (FMI), is soliciting proposals for the development and production of three radio spots for the Deposit Guarantee Fund (DGF), www.fg.gov.ua. |
2013
|
02.10.2013 |
The USAID-funded Financial Sector Development Program (USAID/FINREP-II), implemented by Financial Markets International, Inc. (FMI), is soliciting proposals for the creative development and production of two short video spots for the Deposit Guarantee Fund (DGF), www.fg.gov.ua, based on script ideas provided by the DGF. |
|
03.07.2013 |
CONSULTATIONS ON STREAMLINING DEPOSIT GUARANTEE FUND HOTLINE OPERATION |
Archive
20.12.2016 Notice to Privatbank note holders
PrivatBank has the following notes (the “Notes”) in issue:
1. US $175 million 10.875% Loan Participation Notes due 28.02.2018 (the “$175m Senior Notes”);
2. US $200 million 10.25% Loan Participation Notes due 23.01.2018 (the “$200m Senior Notes” and, together with the $175m Senior Bonds, the “Senior Notes”); and
3. US $220 million 11% Loan Participation Notes due 2021 (the “Subordinated Notes”).
The Notes are issued by an SPV established in the UK which has on-lent the proceeds of the issue of the Notes to PrivatBank under four loan agreements (the “Loan Agreements”) (one each for the Senior Notes and two subordinated loans for the Subordinated Notes). These loans are separately secured by the SPV in favour of the relevant trustee appointed in respect of the applicable Notes by way of assignment and charge for the benefit of the trustee and the holders of the relevant Notes.
Article 41.1 of the Law of Ukraine on Households Deposit Guarantee System (“Article 41.1”) provides for the resolution of a regulated bank by appointment of a DGF authorized person, the bail-in of certain liabilities and the nationalisation of the bank. Pursuant to the exercise of Article 41.1 in respect of PrivatBank, each of the loans represented by the loan agreements will be bailed-in before the nationalisation of PrivatBank (at which point the temporary administration of PrivatBank will cease) which is expected to occur during the course of 20 December 2016. Payments under each series of Notes is made on a limited recourse basis to the extent that principal, interest or other amounts are received by the issuer of the Notes under the relevant Loan Agreement. Further detail will be announced in due course. As a result of the exercise of Article 41.1 in respect of PrivatBank, a moratorium has now come into effect under Ukrainian law, meaning that creditors of PrivatBank cannot enforce claims against it for the duration of the temporary administration.
