KIEV, Jan. 10 – The holders of loan participation notes (LPN) of Bank Finance and Credit (Kiev) for $95 million maturing by the end of January 2014 have agreed to refinance them: exchange all or part of the issued securities partly for cash and partly for LPNs with a maturity term of up to 2019, according to a press release from the bank.

According to the report, the rate on new LPNs was reduced to 9.25% from the 10.5% foreseen for equities in circulation.