Bank “Finance and Credit” paid out 5% to the Eurobond holders under the scheme of euro-obligations’ restructuring
22.01.2010
Press Release
Under the scheme of the euro-obligations’ restructuring in the amount of $ 100 million USD dollars, the Bank “Finance and Credit” paid out 5% of the amount of original issue, hence the Bank fully satisfied the conditions, that were approved earlier.
Besides, the Bank performed the planned payment of the coupon yield in the amount of more than $ 5,187 million USD dollars in accordance with the conditions of bond issue. The aggregate amount made total more than $ 10 million USD dollars.
Likewise, yesterday, the National Bank of Ukraine registered the modifications to the loan documentation, which make provision for the prolongation of term and circulation of the securities and coupon.
We remind that on December 30, 2009, the Eurobond holders of the Bank “Finance and Credit” officially agreed on the restructuring of 95% of the Bank’s “Finance and Credit” obligations’ sum for the term of four years – until 2014 with the coupon accrual up to 10,5% (now 10,375%) with the semiannual coupon yield payment.
At the same time, one of the restructuring’s conditions was the Bank’s repayment of 5% of the outstanding amount.
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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