Ukraine Exim Bank Seeks Three-Month Delay to Eurobond Amid Talks
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The State Export-Import Bank of Ukraine is seeking a three-month extension on a $750 million Eurobond due next month amid plans by the government to change the terms on the nation’s international bonds.
The lender known as Ukreximbank is asking its noteholders to agree to push back the maturity date on the 8.375 percent bonds to July 27 from April 27, according to a document on its website. The voting deadline on the proposal is April 9 and a meeting will be held on April 13 at the offices of White & Case LLP in London, the legal firm that Ukraine has appointed to advise on its broader restructuring process.