Fitch gives Oschadbank notes B

Fitch Ratings said it assigned SSB No.1 plc's $500 million issue of fixed-rate limited recourse notes a final long-term rating of B and a recovery rating of RR4.

The issue has a maturity date of March 20, 2018, and a coupon rate of 8.875%.

The notes are being used solely for financing a dollar-denominated loan to Ukraine-based JSC State Savings Bank of Ukraine (Oschadbank; long-term foreign and local currency issuer default ratings B/stable).

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