Metinvest negotiations with its creditors about the $3 billion debt restructuring are slow and ineffective, say the banks.
Among Metinvest creditors are Deutsche Bank, ING, Natixis, Portigon, UniCredit, Erste, BNP Paribas, Bank of Tokyo-Mitsubishi UFJ, Raiffeisen Bank International, Rabobank and Credit Suisse.
DTEK debt restructuring talks have also gone into the dead-end.
A third of DTEK obligations are eurobonds, the rest is mostly bank loans, in particular from ING, UniCredit, Erste Bank, Raiffeisen Bank, as well as Russian Sberbank and Gazprombank. The company planned to sign an agreement with the banks to postpone the payment of the major part of its $3 billion debt. (Ukrainian metal)