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Madison Pacific Trust says Privatbank arbitration request in London court
Journal Staff Report

KYIV, Nov 10 Madison Pacific Trust Limited, a new trustee for PrivatBank's $175 million loan participation notes maturing on February 28, 2018, and $200 million loan participation notes maturing on January 23, 2018, has announced that requests for arbitration were submitted to the London Court of International Arbitration on November 8.

"On November 8, 2017, the New Trustee and the Issuer submitted requests for arbitration to the London Court of International Arbitration and these requests have been served on PrivatBank. These requests are in relation to loan agreements between PrivatBank and the Issuer," the issuer, UK SPV Credit Finance plc said in a statement on the London Stock Exchange's website.




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