Ukraine

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.

The Russian Ministry of Finance is living in a fantasy land if it thinks the IMF will have to reconsider its support of Ukraine under the Extended Fund Facility Agreement, according to analysts.

The Russian Ministry of Finance is living in a fantasy land if it thinks the IMF will have to reconsider its support of Ukraine under the Extended Fund Facility Agreement, according to analysts.

Metinvest’s restructuring saga looks set to continue well into 2016 after the Ukrainian lender asked investors for a waiver of default up to May 27, 2016.

Russia's Ministry of Finance has initiated legal action against Ukraine over the latter’s failure to repay a $3bn December 2015 Eurobond. It also claims that the default breaches the terms of the International Monetary Fund’s Extended Fund Facility.