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Khreschatyk Launches Ukraine Covered Bond

The Ukraine's Bank Khreschatyk has issued its first covered bond, a three-year UAH70 million ($14.7 million) trade governed by local law. Fitch Ratings has given the transaction a 'B+' on the global scale and an 'A(ukr)' on the national scale. The bank's long-term issuer default rating is 'B-'.

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