June 15, 2010 | Cbonds
|On June 14, 2010 VAB Bank partially redeemed Eurobonds and paid accrued interest on the issue in line with agreements reached with investors in March this year. The issuer paid 10% of the principal to noteholders who consented to the offer. The issue tenor was extended by 4 years till June 14, 2014. The coupon rate was hiked to 10.5% from 10.25%. As of June 14 coupon payments are made quarterly instead on semi-annual coupons.|
On June 14 the bank paid the 6th coupon in the amount of $6.3m.
|Status||Default||Country of risk||Maturity (option)||Amount||Issue ratings (M/S&P/F)|
Company: VAB Bank
|Full company name||PJSC VAB Bank|
|Country of risk||Ukraine|