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FUIB attempting to restructure $275m LPNs, citing liquidity woes
Journal Staff Report

KIEV, May 15 – First Ukrainian International Bank (FUIB) in early May sent a report on its plans to restructure LPNs worth $275 million to holders of LPNs and a request that it be given four months to draw up a final proposal, market players have told Interfax-Ukraine.

They said that the bank said in the document that due to the difficult economic situation in the country and in the world, its current liquidity is not enough to pay back $450 million, although its level of capital adequacy is rather high, at 21.4%.




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