Ukraine

Ukrainian food producer Kernel has refinanced a $215m pre-export credit facility, as agricultural firms in the region prepare to launch annual financings.

Ukrainian energy company DTEK is looking to dispose of several assets which will enable it to cut its debt burden by 17%. It has given investors until June 29 to agree to the sale.

Ukraine and the US have signed an agreement for a further $1bn of loan warranties to be used on a five year Eurobond issue.

Ukraine's Cabinet of Ministers has approved the issuance of new debt to complete the restructuring of its external sovereign debt. All that remains is for the country to reach an agreement on $3bn of debt owed to Russia.

Ukraine poultry producer, MHP has finally secured bondholder approval to amend its $750m notes due 2020, though bankers close to the deal said they knew it would be "rejected the first time."

Holders of $750m of Ukrainian poultry producer, MHP’s debt have refused to accept amendments to the bond which would prevent a covenant breach.

Ukrainian Railways (UkrZaliznytsa) has successfully restructured its $500m Eurobonds due May 2018 and will extend the maturity by three years.

Russia has filed a lawsuit against Ukraine in the High Court in London, with regards to the default on $3bn of bonds at the end of last year.

MHP, the Ukrainian poultry producer, is asking holders of its Eurobonds maturing in 2020 to accept an amendment to the terms of its bonds which would prevent a covenant breach.

Ukraine's ministry of finance has announced plans to raise $5bn in the international markets according to its recently published debt management plan.

Metinvest has swerved a default of its Eurobond due January 31 after bondholders voted to approve a waiver which will enable the issuer to restructure its debt without triggering a cross-default clause.

Ukrainian Railways (Ukrzaliznytsia) is a step closer to restructuring its $500m of bonds due 2018 and will seek agreement from investors at a meeting on February 17.