KYIV, Oct 27 – The state-owned Ukreximbank has offered to buy back its loan participation notes (LPN) maturing in 2022 and 2025 for a total amount of up to $300 million using available funds, according to a statement from Biz Finance Plc, through which the notes were issued, on the Irish Stock Exchange.

The borrower is currently seeking to optimize its portfolio of obligations and reduce the cost of its debt, Biz Finance Plc in the offer.

The notes repurchased by the borrower in accordance with the offers will be canceled and will not be reissued or resold.