Ukraine Seeks New VTB Loan to Refinance Debt, Izvestia Reports

Ukraine’s government is seeking a new loan from VTB Group, Russia’s second-biggest bank, to refinance debt, Ekonomicheskie Izvestia reported without saying where it got the information.

Ukraine wants to secure the funds to repay a $2 billion loan from VTB that comes due in June, the newspaper said. The country wants the new facility to mature in a year with a possibility of extending it for another year, Izvestia said.

-- Editors: Paul Abelsky, Jennifer M. Freedman

To contact the reporter on this story: Daryna Krasnolutska in Kiev at dkrasnolutsk@bloomberg.net;

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg;

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