KIEV, July 8 – Ukreximbank has secured the agreement of the majority of its noteholders to reprofile debts worth $1.475 billion in total for another seven years.

"Joint Stock Company "The State Export-Import Bank of Ukraine" is pleased to announce that holders of the U.S.$750,000,000 8.375% Loan Participation Notes due 2015 issued by BIZ Finance Plc (the Issuer), the U.S.$125,000,000 Loan Participation Notes due 2016 issued by the Issuer and the U.S.$600,000,000 8.75% Loan Participation Notes due 2018 issued by the Issuer approved the relevant Extraordinary Resolutions set out in the consent solicitation memorandum dated June 8, 2015 at the noteholders' meetings that took place on July 7 by majorities of 79.37%, 89.41%, and 99.59% of the votes cast, with quorums of 92.15%, 79.31%, and 80.79%, respectively," Ukreximbank said in an official statement.

The change in the conditions of the LPN issue is subject to approval by the National Bank of Ukraine (NBU).