KIEV, June 9 – State-run Ukreximbank (Kiev) has asked the holders of its loan participation notes (LPNs) worth $600 million, due on January 22, 2018, to agree to the cancellation of the 2018 notes in consideration for issuance by the issuer of the new 2025 notes, the issuer said on the website of the Irish Stock Exchange.

A meeting of noteholders is scheduled for July 7, 2015.

To be passed in relation to the 2018 Notes, the extraordinary resolution must be passed at a meeting or adjourned meeting, as applicable, duly convened and held by a majority of not less than three-quarters of the votes cast.