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Nadra Bank restructures USD 175 mln Eurobonds

Nadra Bank restructures USD 175 mln Eurobonds

23 June 2010

Nadra Bank completed restructuring of its USD 175 mln Eurobonds due in 2010, the bank reported yesterday in a press release. Noteholders, at a meeting on June 16, approved of terms, which effectively imply a 47.1% haircut, 7-year prolongation, 8% annual coupon and sinkability provision.

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