Alfa-Bank and the Bank Nadra revealed two different patterns of restructuring of public external debt. The first involves a partial repayment of eurobonds at market prices and exchange the rest for new debt securities due in 2012, the second - the entire redemption Issue at market price or the cancellation of up to 60% of the debt with the remaining funds paid in 2015. Similarly, to be carried almost all the 24 Ukrainian eurobond issuance, considered the experts.
Yesterday, Alfa Bank announced the issuance of three bonds to restructure the external public debt at $ 1.045 billion the Bank has sent to holders of previously issued a proposal for eurobond issuance of new Eurobonds c due 2012, which can be exchanged for favorable terms on Eurobonds previous releases - reported in the bank. The holders of Eurobonds in the $ 345 million due in 2009 (yield of 9.75% per annum), Euro-2010 for $ 450 million (9.25%) and Euro-2011 for $ 250 million (12%) will be able to convert them into new securities with a yield 13% and the repayment of the individual tranches. Investors who are interested in this proposal can receive a partial repayment of their existing eurobonds in the amount of 15% to 27% of the face value (depending on the issue), - noted the press service of Alfa Bank.
Bank Nadra with the interim administration of National Bank, hopeful for recapitalization by the state at 5.5 billion UAH, has offered investors an even more unfavorable conditions. Eurobond holders, 2009 of $ 175 million it had sent two versions of the restructuring. The first option involves the redemption of 15% of the nominal value, which is close to current market value of bonds. The limit of cash for the repurchase of $ 20 million - reported in the IR Astrum Investment Management .- The second - write-off of 60% of the amount and payment of the balance in July 2015 year at a rate of 9.5% per annum.
Advisor to the Chairman of the Board Ukrgasbank Alexander Okhrimenko argues that all Ukrainian banks, Eurobond issues which are in circulation (see references), are now hired investment consultants, and negotiate a restructuring of external debts. All of Western banks said their managers Ukrainian daughters : we have difficulty, little capital, so try not to pay anybody, - told one of investbankirov. Russian Alfa-Bank is already trying to take advantage of the support of the Government of Russia.
Experts note that banks, external public loans which were non-market - with a clearly defined pool of buyers - agree re issuing promissory notes to investors, and shall not disclose the outcome of the negotiations. Restructure loans is much easier, and it can be done without loss of image, - said a senior analyst Astrum Investment Management Sergey Fursa. He was confident that the method, which has offered investors Alfa-Bank, also will take advantage of Bank Finance and Credit. Ready to restructure its debt and FUIB. Okhrimenko, believes that the same results as those of Alfa-Bank and Nadra, come a few more banks, as investors will be forced to agree to such proposals.
Now the main game plot: will attempt to make a second floor?
Tyumenenergo would send a net profit for the year 2008 for the development of
Shareholders KCHHK decided to send over 53 billion rubles for the payment of dividends on the basis of 2008
The effect of yesterday's growth in major U.S. indices will be significantly weakened by the negative dynamics of futures for the major U.S. Indexes
Overview of the oil market for 01.07.09
Oschadbank energy
Parliament proposed a rental-purchase
Zhevago stretches to nitrogen
Practically all blue chips today traded in negative zone, falling to 3%
Eurobonds are repaid at a discount
Alfa-Bank and the Bank Nadra revealed two different patterns of restructuring of public external debt. The first involves a partial repayment of eurobonds at market prices and exchange the rest for new debt securities due in 2012, the second - the entire redemption Issue at market price or the cancellation of up to 60% of the debt with the remaining funds paid in 2015. Similarly, to be carried almost all the 24 Ukrainian eurobond issuance, considered the experts.
Yesterday, Alfa Bank announced the issuance of three bonds to restructure the external public debt at $ 1.045 billion the Bank has sent to holders of previously issued a proposal for eurobond issuance of new Eurobonds c due 2012, which can be exchanged for favorable terms on Eurobonds previous releases - reported in the bank. The holders of Eurobonds in the $ 345 million due in 2009 (yield of 9.75% per annum), Euro-2010 for $ 450 million (9.25%) and Euro-2011 for $ 250 million (12%) will be able to convert them into new securities with a yield 13% and the repayment of the individual tranches. Investors who are interested in this proposal can receive a partial repayment of their existing eurobonds in the amount of 15% to 27% of the face value (depending on the issue), - noted the press service of Alfa Bank.
Bank Nadra with the interim administration of National Bank, hopeful for recapitalization by the state at 5.5 billion UAH, has offered investors an even more unfavorable conditions. Eurobond holders, 2009 of $ 175 million it had sent two versions of the restructuring. The first option involves the redemption of 15% of the nominal value, which is close to current market value of bonds. The limit of cash for the repurchase of $ 20 million - reported in the IR Astrum Investment Management .- The second - write-off of 60% of the amount and payment of the balance in July 2015 year at a rate of 9.5% per annum.
Advisor to the Chairman of the Board Ukrgasbank Alexander Okhrimenko argues that all Ukrainian banks, Eurobond issues which are in circulation (see references), are now hired investment consultants, and negotiate a restructuring of external debts. All of Western banks said their managers Ukrainian daughters : we have difficulty, little capital, so try not to pay anybody, - told one of investbankirov. Russian Alfa-Bank is already trying to take advantage of the support of the Government of Russia.
Experts note that banks, external public loans which were non-market - with a clearly defined pool of buyers - agree re issuing promissory notes to investors, and shall not disclose the outcome of the negotiations. Restructure loans is much easier, and it can be done without loss of image, - said a senior analyst Astrum Investment Management Sergey Fursa. He was confident that the method, which has offered investors Alfa-Bank, also will take advantage of Bank Finance and Credit. Ready to restructure its debt and FUIB. Okhrimenko, believes that the same results as those of Alfa-Bank and Nadra, come a few more banks, as investors will be forced to agree to such proposals.
Now the main game plot: will attempt to make a second floor?
Tyumenenergo would send a net profit for the year 2008 for the development of
Shareholders KCHHK decided to send over 53 billion rubles for the payment of dividends on the basis of 2008
The effect of yesterday's growth in major U.S. indices will be significantly weakened by the negative dynamics of futures for the major U.S. Indexes
Overview of the oil market for 01.07.09
Oschadbank energy
Parliament proposed a rental-purchase
Zhevago stretches to nitrogen
Practically all blue chips today traded in negative zone, falling to 3%