16 June 2015 Bonds
Oschadbank
Eurobons reprofiling
As we predicted, Oschadbank’s Eurobond restructuring terms mirror those of Ukreximbank’s. The bank has also presented an offer to the Royal Bank of Scotland to exchange subordinated debt for a new Eur ...
ICUDebtInsight-20150616.pdf (244.2kb)
9 June 2015 Bonds
Bond Market Insight
FUIB 1Q15 IFRS financial results
In its 1Q15 IFRS financial results, First Ukrainian International Bank (FUIB) claimed that its loan portfolio suffered little despite the extreme USD/UAH rate fluctuations. Actively engaged in loan ...
ICUDebtInsight-20150609.pdf (204.7kb)
5 June 2015 Bonds
Ferrexpo
2016s restructuring may effectively resolve distress risks
Second attempt to restructure remaining 2016s. On May 28, Ferrexpo announced a new consent solicitation for its US$286m in outstanding Eurobonds maturing in 2016. According to the offer, the 20 ...
ICUDebtInsight-20150605.pdf (359kb)