The Ukrainian Metal

Ukraine: 60% of Interpipe debt written off

Interpipe has finished restructuring its debt with partial writing off, including eurobonds for $200 million with the rate of 10.25% and maturity in 2017.

Thus, the company indebtedness decreased to $309.19 million with the rate of 10.25% and maturity in 2024 and the loan of $45.81 million with maturity at the end of 2020.

The interest will be paid by equal installments every half-year.

The company must until December 31, 2023 buy back its new bonds for $150 million plus interest. (Ukrainian metal)

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