Ukraine

Ukrainian agriculture firms are reaping deals from the syndicated loan market with Kernel back for its third deal of the year and a $90m loan for grain and oilseed firm, Nibulon, in the market.

Ukrainian food producer Kernel has signed its second syndicated loan of the year, for $230m to support its grain export business.

Ukraine’s sovereign debt restructuring, Argentinian primary elections and a potential Turkish coalition government are keeping debt bankers alert while the primary bond market takes its summer break.

Ukraine's Privatbank is offering holders of its 2015 Eurobonds better terms for a second reprofiling attempt if they agree to an interim three month maturity extension.

The Ministry of Finance of Ukraine has agreed to meet with its ad hoc creditors’ committee on Wednesday in San Francisco where Ukraine’s biggest creditor, Franklin Templeton, is based.

The Ministry of Finance of Ukraine has bowed to its creditors’ request for more time in preparing a revised restructuring offer. The two sides will now meet early next week, but analysts believe the chance of Ukraine imposing a debt moratorium are increasing.

The Ministry of Finance of Ukraine has catered to its creditors’ request for more time in preparing a revised restructuring offer. The two sides will now meet early next week, but analysts believe the chance of Ukraine imposing a debt moratorium are increasing.

Ukraine’s finance minister Natalie Jaresko has invited the country’s creditors to a meeting in London on Thursday to discuss her government's restructuring proposal in an attempt to agree on a solution for the country's worsening debt crisis.

Bondholders overwhelmingly approved State Savings Bank of Ukraine’s (Oschadbank) Eurobond reprofiling plans this week, which senior board members said should answer rumours of a possible default.

Ukrainian lender Privatbank is asking investors for a short maturity extension on its 2015 Eurobonds, while it talks to holders of its 2015 ans 2016 notes in an effort to agree on a plan to restructure the bonds.

Ukrainian lender Privatbank failed in its first attempt to reprofile its 2016 bonds, which surprised some analysts. But not those inured to the numerous iterations of most Ukrainian restructuring exercises.

Ukrainian food producers are ramping up their push for internationally syndicated loans. One sunflower oil producer has signed a loan, another is in the market and a third food company has set its sights on a deal.