Ukraine state railway seeks debt restructure: finmin

Thu Nov 12, 2009 12:32pm GMT
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KIEV, Nov 12 (Reuters) - Ukraine's state railway company is seeking to restructure a foreign currency loan organised by Barclays (BARC.L: Quote, Profile, Research) after failing to repay $110 million of it, acting Finance Minister Ihor Umansky said.

"They should have paid $110 million of the debt and $8 million in coupon payments," Umansky told reporters. "(The company) has made some proposals to the holders of the debt, which was organised by Barclays."

(Editing by Ruth Pitchford)

 
 

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