Ukrainian Railways poised to restructure syndicated loan

26.05.2010 (12:46)

Ukrainian Railways (Ukrzaliznitsya) has reached an agreement with Barclay's on restructuring a syndicated loan, as announced by CEO Mikhail Kostyuk cited by RBC-Ukraine.

Mikhail Kostyuk noted that the company has reached an agreement on favourable terms. After having been in talks for 3 months they hope to sign a new loan agreement before May 20, he said.

In early November 2009 the company presented its creditors with an offer of debt restructuring regarding a $550m syndicated loan raised in 2004-2005 from a syndicate of banks headed by Barclay's Ñapital. The outstanding loan amount is $440m.

www.loans.cbonds.info 

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