Interpipe to issue USD 309 mln of new notes within restructuring
4 October 2019
Ukraine’s largest pipe producer Interpipe (INPIP)
announced on Oct. 3 that the agreement relating to the
proposed restructuring of its outstanding USD 200 mln notes was fully executed
by all parties as of Sept. 27.
Interpipe will issue a total of USD 309.19 mln of new
Eurobonds 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), the company’s release said.
Full implementation of Interpipe’s debt restructuring
remains ongoing.
Dmytro Khoroshun: It is positive that Interpipe is making progress with its debt
restructuring. This deal promises to be the most sophisticated so far between a
Ukrainian debtor and international creditors.
