Meeting of Ukrexim’s bondholders rescheduled to Apr.27

The Meeting of holders of USD 750 mln state Ukreximbank (EXIMUK) Eurobonds, maturing Apr.27, 2015, due to have been held on Apr.13 was cancelled due to lack of a quorum. The bank will reconvene the meeting on Apr. 27, the day, when the bond matures. State Ukreximbank had previously asked holders to agree to change the maturity of the notes until July 27, according to a consent solicitation published on Mar. 27. The bank explained the extension request by the need of more time to “negotiate a long-term solution with the noteholders” in accordance with targets established by the IMF.