Finance & Credit pays Eurobond holders USD 10 mln
25 January 2010
Finance & Credit Bank paid Eurobond holders USD 10 mln last week, in line with its plan to restructure the USD 100 mln notes that were due this month. F&C made the scheduled USD 5.2 mln coupon payment and paid out an additional USD 5 mln, 5% of the principal, to bondholders in line with restructuring terms, the bank said in a press release on Friday. F&C Eurobond holders agreed to extend the maturity of the notes out to January 25, 2014 in December and increase the coupon to 10.5% from 10.375%.
