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PrivatBank eurobond restructuring hits snag as creditors skip meeting
Journal Staff Report

KIEV, Aug. 14 - PrivatBank (Dnipropetrovsk) has postponed a meeting of the holders of eurobonds worth $200 million maturing on September 23, 2015 until August 27 due to a lack of quorum at a meeting held on August 13, according to a bank report on the website of the London Stock Exchange.

According to the issuer, as a result of a meeting held in London the proposal of restructuring announced in the notice of meeting has not been satisfied.

As reported, on August 6 PrivatBank appealed to investors with an improved proposal for restructuring 2015 eurobonds worth $200 million.




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