OREANDA-NEWS. June 23, 2010. Nadra Bank, one of the largest retail banks in Ukraine, has completed the restructuring of its Eurobonds worth USD 175 million expiring at the end June 2010, the bank announced June 22. The restructuring terms  include writing off nearly 57% of the debt with redemption of the outstanding debt portion within seven years. The coupon on the new bonds was lowered to 8% p.a from the previous 9.25%.

Millennium Capital deems this news as positive for Nadra, since it significantly decreases the ST debt load of the bank and paves the way for its acquisition by a strategic investor with the government assistance.