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GISMETEO.RU
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Privatbank seeking to postpone Sept. 23 eurobond payment until Dec. 1
Journal Staff Report

KIEV, July 31 – PrivatBank (Dnipropetrovsk) has asked its investors to approve the postponement of payment of eurobonds worth $200 million from September 23 to December 1.

The bank said it plans to launch new consultations with creditors on restructuring of the above-mentioned securities and its 2016 eurobonds worth $150 million after creditors rejected the bank's first offer.

Due to the present conditions of the legal and bank regulation, PrivatBank is obliged to discuss the conditions of restructuring its securities with the National Bank of Ukraine (NBU) and the International Monetary Fund (IMF).




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