Ukraine's Nadra Bank talks $100 million three-year notes at 9½% area

By Paul A. Harris

St. Louis, Oct. 20 - Nadra Bank talked its $100 million offering of three-year senior unsecured notes at the 9½% area on Thursday, according to a market source.

The deal is expected to price shortly, pending market conditions.

Dresdner Kleinwort Wasserstein and UBS Investment Bank are leading the Regulation S offering.

Moody's Investors Service rates the notes B1. Fitch Ratings, meanwhile, rates the notes B-.

Nadra is a Kiev, Ukraine-based commercial bank.

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