Eurobondholders of Finance and Credit Bank agree to restructuring
30.12.2009
Press release
The offer made by the Bank "Finance and Credit" – concerning the euro-obligations' restructuring in the amount of $ 100 million USD – was approved by the holders on January 25, 2010.
As the Chairman of the Board of the Bank "Finance and Credit", Vladimir Khlyvniuk reported: "Today the meeting of the Bank's noteholders has taken place, where 100% of registered investors have accepted the terms and conditions of the Bank's restructuring. It is another confirmation of the creditors' faith in the Bank. We have offered mutually acceptable variant and were able to find the best possible balance between the interests of the creditors and Ukrainian reality. Thus, as it was declared before, we have a strong assurance that the restructuring process will be completed till the end of January, 2010."
We remind that on December 15, 2009, the Bank "Finance and Credit" officially appealed to the holders of euro-obligations with the restructuring offer of 95 % of amount of obligations for a term of four years – till the January 25, 2014, with the coupon accrual up to 10,5 % (now 10, 375%) with the semiannual coupon yield payment.
Contact:
Natalia Napadovskaya,
Chief of Public Relations Department,
Bank «Finance and Credit»
tel. (044) 499-26-51
e-mail: nataliya.napadovskaya@fcbank.com.ua
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