Ukraine’s banking sector has been in a crisis since 2014. Over 90 banks have failed. Total non-performing assets are estimated at $28 - $38 Billion USD. Multinational groups have been assisting and supporting the Ukraine government with these initiatives.
This is an initial sale of 35 loans, plus four related multi-currency tranches, totaling approximately $210MM USD (5.8B UAH) in Principal plus Interest balance. The FFN pool (UKR-2018-01) is composed of non-performing commercial loans secured by various collateral types including a large operating retail food business, an equipment manufacturer, an agricultural processor, various commercial real estate properties, land and other assets. Additional sales are anticipated to follow.
These loan sale initiatives will utilize international best industry practices to ensure transparency, restore liquidity and maximize value in order to facilitate stability in the Ukraine banking sector.
Due diligence information will be made available to qualified investors via this secure website.
Online bids are due on December 12, 2018.
Interested parties should register using the links below. Registration will allow you to receive a username and password. After logging in, you will be able to review the Confidentiality Agreement, Addendum and process to submit a $500 USD Registration Fee required for due diligence access. Due diligence materials include loan data information, asset summary reports, legal sale documents and imaged loan file documentation.
The loans are being offered in one pool.
Sale Timeline – Key Dates
For more information about Ukraine offering UKR-2018-01, interested parties outside of Ukraine should contact Merrie Duncan firstname.lastname@example.org, John Morris, email@example.com or Cathey Taylor firstname.lastname@example.org at +1 405.748.4100. Interested parties within Ukraine should contact Andriy Khraban at +38 050 441 73 88 or email@example.com.
To view the official Dutch Auction Rules, click DGF Dutch Auction Rules.
To view the Invitation for Online Bidding, click DGF Invitation for Online Bidding.