Aval leads repayment trend for Ukraine’s banks
Ukraine’s Raiffeisen Bank Aval is unlikely to try to refinance a $250m syndicated loan it has outstanding, EuroWeek understands, even after today receiving a $160m subordinated capital injection from RZB, its Austrian parent. RZB Aval has not yet approached its lenders about the loan, and bankers specialising in the region said that, along with other Ukrainian institutions, it is likely to pay back outstanding debt rather than seek a refinancing as financial conditions in the country worsen.
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