Nadra Bank plans to reach restructuring deal by July 15
26 June 2009
At a press conference in Kyiv yesterday, the temporary administrator of Nadra Bank (NADR) Valentina Zhukovskaya said that the lender expected to agree on terms to restructure its external debt by July 15. According to Zhukovskaya, Nadra has USD 378 mln in outstanding debt, in addition to its USD 175 mln Eurobond issue that matures in 2010. The bank said it is asking creditors to write off a portion of its debt or restructure debt obligations over a longer period.
