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Nadra Bank finishes restructuring of $50m in subordinated debt

August 02, 2010 | Cbonds

Nadra Bank has reached agreements on debt restructuring regarding $50m in subordinated debt. The money was lent to the bank in 2007 at 9.375%. The debt was due 2017. The agreement on debt restructuring was signed with an investor holding 100% of the sum on July 29. The agreement stipulates writedown of 100% of the sum. This step was crucial for carrying out external debt restructuring in full.

Company: Nadra Bank

Full company namePJSC "Bank "Nadra"
Country of riskUkraine
IndustryBanks

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