KIEV, April 21 – State-run Ukreximbank suggests that the holders of the bank's loan participation notes (LPN, or notes) worth $750 million maturing on April 27, 2015, prolong the ultimate maturity term for seven years with the payment of 50% of principal amount on April 27, 2019, and another 50% in six equal six-month tranches on April 27, 2022.
Simultaneously, the bank suggests raising a coupon rate from the current 8.375% per annum to 9.625% per annum, with effect from (and including) April 27, 2015, the bank announced on Monday evening.
|