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12-11-2009 09:23 Ukrzaliznytsia offers creditors to restructure foreign loans
The State Administration of Railway Transport of Ukraine (Ukrzaliznytsia) has sent a proposal to its creditors on external loan restructuring, acting Finance Minister Ihor Umansky has said on Thursday.
He specified that the question is about USD 550-million syndicated loan raised in 2004-2005 at a banking syndicate led by Barclay's capital. According to Umansky, the current loan debt of Ukrzaliznytsia makes USD 440 million. At the same time, November 11 is a maturity date of the loan body at USD 110 million and payment of USD 8 million as interests. "Ukrzaliznytsia has sent a proposal to its creditors about restructuring of this loan. We are waiting for the answer. These are now commercial talks and they should not be open to the public," the official underscored.
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