FUIB restructures external liabilities

First Ukrainian International Bank reported yesterday in a press release that it restructured its entire USD 512 mln in foreign liabilities, including Eurobonds, syndicated loans and bilateral agreements, Interfax said. Holders of FUIB’s USD 275 mln Eurobonds, originally due in February, agreed last month to extend the maturity to December 31, 2014 and raise the coupon rate from 9.75% paid semi-annually to 11.00% paid quarterly. FUIB also said yesterday that it plans to attract another USD 50 mln in subordinated debt over five years in 2010.