KIEV, Sept. 23 - Ukraine's Interpipe holding has confirmed it has obtained the consent of bondholders to reschedule $200 million in eurobonds, on which it missed a coupon payment in February, on its own terms.
The Dnipropetrovsk-based company, which estimates its share of the world market for seamless pipes at 4.3% and which is controlled by billionaire Viktor Pinchuk, said in an official statement that its owner, the Cyprus-registered Interpipe Limited, had renegotiated the bonds, and that consent from the bondholders was obtained last Friday.
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