Interpipe to finish debt restructuring on Oct. 25
22 October 2019
Ukraine’s largest pipe and railway wheel producer
Interpipe (INPIP) announced on Oct. 18 that it expects to finish the
restructuring of its debt on Oct. 25.
Recall, Interpipe plans to issue a total of USD 309 mln of new Eurobonds with
a 10.25% coupon and 3,086 units of performance securities in order to
restructure its entire debt (the total principal of USD 1.17 bln as disclosed
earlier).
Dmytro Khoroshun: Interpipe’s
debt restructuring will be the most sophisticated deal so far between a
Ukrainian debtor and international creditors. Interpipe’s new Eurobond will
allow for international investors diversifying their exposure to Ukrainian
credit.
