Contact us (+ 7 (921) 446-25-10)
Texting is available for authorized users.
Please register or log in at the website.
Your request for online training has been sent. Cbonds managers will be in touch with you shortly. Thank you!

VAB Вank finishes debt restructuring on Eurobonds

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).

Issue: VAB Bank, 10.125% 14jun2019, USD

StatusDefaultCountry of riskMaturity (option)AmountIssue ratings (M/S&P/F)
redemption defaultYesUkraine06/14/2019112,500,000 USDWithdrawn/-/Withdrawn

Company: VAB Bank

Full company namePJSC VAB Bank
Country of riskUkraine


Similar news:
Cbonds is a global fixed income data platform
  • Cbonds is a global data platform on bond market
  • Coverage: more than 170 countries and 250,000 domestic and international bonds
  • Various ways to get data: descriptive data and bond prices - website, xls add-in, mobile app
  • Analytical functionality: bond market screener, Watchlist, market maps and other tools