Public joint-stock company Ukrzaliznytsia on March 21 paid the first coupon in full amount on $500 million 2021 eurobonds, in accordance with the issue terms, the issuer has reported on its website.

Holders of $500 million eurobonds of Ukrzaliznytsia in February 2016 approved the restructuring.

The coupon rate will be increased from 9.5% to 9.875% (will be valid from November 21, 2015), and the maturity date will be extended from May 21, 2018 to September 15, 2021.

It was also planned to change the structure of depreciation. Repayment of the securities will be carried out in the following way: 60% of the outstanding principal amount of the debt will be paid in 2019, namely 30% on March 15, 2019, 30% on September 15, 2019; 20% of the outstanding principal amount of the debt will be paid in 2020, namely 10% on March 15, 2020, 10% on September 15, 2020 and 20% of the outstanding principal amount of the debt will be paid in 2021, namely 10% on March 15, 2021, 10% on September 15, 2021.