14:43 31.07.2015

PrivatBank asks investors to postpone payment of 2015 eurobonds for two months

2 min read
PrivatBank asks investors to postpone payment of 2015 eurobonds for two months

PrivatBank (Dnipropetrovsk) has asked its investors to approve the postponement of payment of eurobonds worth $200 million from September 23 for December 1, 2015, the bank said on its website.

The bank said it plans to launch new consultations with creditors on restructuring of the above-mentioned securities and its 2016 eurobonds worth $150 million after creditors rejected the bank's first offer.

Due to the present conditions of the legal and bank regulation, PrivatBank is obliged to discuss the conditions of restructuring its securities with the National Bank of Ukraine (NBU) and the International Monetary Fund (IMF).

"It could take some time to hold these talks. The postponement of the bonds worth $200 million would provide stable ground and enough time to discuss and agree the conditions of paying all the securities acceptable for everyone," the bank said.

Bondholder can submit their application until August 10, 2015. The voting will be held on August 13, 2015.

The charter capital grew by 5.5%, to UAH 19.101 billion and net worth rose by 11.1%, to UAH 25.223 billion.

PrivatBank was founded in 1992. According to the bank, as of July 1, 2015 its largest shareholders were Hennadiy Boholiubov and Ihor Kolomoisky with the stakes of 45.3349% each.

The bank was the largest bank among 133 operating Ukrainian banks on April 1, 2015 in terms of total assets (UAH 248.041 billion), according to the NBU.

Загрузка...
AD
AD
AD
AD