Finance and Credit Bank offers a restructuring scheme to its Eurobond holders

Press Release

      Bank “Finanace and Credit” officially appealed to the Eurobond holders of its euro-obligations in the amount of $ 100 million US dollars (date of repayment on January 25, 2010) with the restructuring offer.
      The Bank “Finance and Credit” offers to restructure 95% of the amount of obligations for the term of 4 years – until to 2014 with the coupon accrual up to 10,5% (now 10,375%) with the semiannual coupon yield payment. In case of acceptance of this offer by the Eurobond holders, the Bank is ready to redeem 5% of Eurobonds.
      “We have never considered the variants of full or partial debts forgiveness, - noted Volodymyr Khlyvniuk, the Bank’s Chairman of the Board. We value our investors and have offered the utmost mutually beneficial restructuring conditions.”
      “Compromise proposals of the Bank “Finance and Credit” - judging from the preliminary consultations -  can awake the positive response in the minds of the Eurobond holders, and the Bank plans to complete officially the restructuring conditions until the end of January 2010, - informed Volodymyr Khluvniuk.

Contact:
Natalia Napadovskaya,
Chief of Public Relations Department,
Bank « Finance and Credit»
tel. (044) 499-26-51
e-mail: Nataliya.Napadovskaya@fcbank.com.ua