Raiffeisen Bank Aval

Update on Loan Facility

Retrieved on: 
Wednesday, July 29, 2020

Further to its announcement on 18 June 2020, Arricano (AIM: ARO), a leading real estate developer and shopping mall operator in Ukraine, is pleased to announce that on 29 July 2020 the Group entered into a new loan agreement with Raiffeisen Bank Aval to refinance two loans with the same bank granted in 2015 and in 2019.

Key Points: 
  • Further to its announcement on 18 June 2020, Arricano (AIM: ARO), a leading real estate developer and shopping mall operator in Ukraine, is pleased to announce that on 29 July 2020 the Group entered into a new loan agreement with Raiffeisen Bank Aval to refinance two loans with the same bank granted in 2015 and in 2019.
  • The main terms of the loan agreement are as follows:
    * Loan facility amount: up to UAH 290 million;