KIEV, Jan. 12 – Holders of eurobonds of nationalized PrivatBank (Dnipro) seek to challenge the forced exchange of their securities to additionally issued shares in the London Court of International Arbitration (LCIA), Bloomberg has reported, referring to well-informed sources.

Dechert law firm acts as advisor to the bondholders.

The holders of the bonds, including First Geneva Capital Partners, Pala Assets and Pioneer Investment Management, hope to receive foreign assets of the bank as a compensation of their investment, Bloomberg said.