Ukrzaliznytsia PJSC plans to restructure UAH 5 bln of loan debt by September 2016, Member of the Management Board Alexander Buzhor said during the round table session in US Chamber of Commerce on Wednesday.
“We hope that by this September other UAH 5 bln will be restructured out of UAH 20 bln, which were subject to restructuring. The remaining balance will be UAH 3-4 bln, which in one way or another are associated with Donetsk railway”, he said.
As per “Ukrzaliznytsia” data, the total amount of its liabilities made up UAH 41.979 bln by 2015, including 20.811 bln – short-term.
The liabilities broken down were made up of UAH 25.807 bln - bank loans, UAH 12.129 bln – euro bonds, UAH 3.691 bln – internal bonds, UAH 346.487 mln – other loans, as well as UAH 4.713 mln - overdraft.
As it was reported, in February 2016 the holders of Ukrzaliznytsia PJSC euro bonds, amounting to USD 500 mln, approved the restructuring of securities, providing the increase of a coupon rate on securities to 9.875% from 9.5% and the extension of the loan repayment period by 15 September 2021 from 21 May 2018.
Source: Economic Truth
