KIEV, July 31 – There is a high risk that Ukrgasbank will refuse to buy back its C Series bonds in a scheduled buyback offer, and the terms for the debt restructuring do not satisfy the requirements most of its investors, according to market players polled by Interfax-Ukraine.
Sokrat Investment Company analysts forecast that the situation with the C Series bond issue would be similar to the situation with the A Series bond issue, which was partially restructured: The bank will refuse to buy back its bonds, proposing debt restructuring instead.
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