Agroton bondholders back restructuring
Bondholders have approved the restructuring of Ukrainian agricultural firm Agroton’s $50m 12.5% 2014s. The restructuring was proposed after the company missed its most recent coupon payment on July 14.
It is extending the maturity of the bond by 60 months to January 2019. It is also postponing the interest payment that was due on July 14 until January 14, 2014, and is lowering the coupon from 12.5% to 8% for the lifetime of the bond.
The maximum consolidated
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