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PrivatBank trustee says it has no funds to probe nationalization
Journal Staff Report

KIEV, Jan. 12 – Deutsche Trustee Company Limited, a trustee for $595 million of Dnipro-based PrivatBank notes maturing in 2018, has informed noteholders that it has no funds to pay the costs of investigating the implications on the notes of the terms of a Deposit Guarantee Fund Letter or a PrivatBank Letter.

"The Trustee has no funds at its disposal to pay the costs of investigating the implications on the Notes of the terms of the Deposit Guarantee Fund Letter or the PrivatBank Letter," it said in a Notice of Material Events dated January 5, 2017.




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