March 30, 2010 | Cbonds
|The National Bank of Ukraine has registered amendments to the loan agreement on a $125m 10.125% Eurobond of VAB Вank due June 2010. The transaction done in the framework of debt restructuring was approved by the overall majority of noteholders at a noteholder meeting held on March 22.|
The issuer offered noteholders to extend the tenor of the issue by 4 years and hike the coupon rate from 10.125% to 10.5% changing coupon frequency to quarterly from semi-annual. Investors that consented to the restructuring offer will receive 10% of the principal on the maturity date (June 14, 2010).
|Status||Default||Country of risk||Maturity (option)||Amount||Issue ratings (M/S&P/F)|
|redemption default||Yes||Ukraine||06/14/2019||112,500,000 USD||Withdrawn/-/Withdrawn|
Company: VAB Bank
|Full company name||PJSC VAB Bank|
|Country of risk||Ukraine|