The owners of the bonds, “VTB Bank” series BO-01 agreed to another restructuring of the loan




The owners of the bonds, “VTB Bank” series BO-01 at the General meeting on 26 October agreed to the proposed Issuer restructuring terms release, says the company.

Holders of securities have consented to the conclusion of the bondholders ‘ representative, on behalf of the bond holders of the additional agreement No. 2 to the agreement on novation № 01 from 17 January 2017 (the agreement on termination of obligations under bonds of the innovation) as amended by additional agreement dated 22 may 2017. And approved the terms of the specified additional agreement No. 2 by adopting the draft supplementary agreement provided in preparation for holding the General meeting of bondholders.

Also the owners of securities provided consent for the conclusion of a representative of the bond holders on behalf of the bond holders of the additional agreement to the agreement on novation № 02 dated 22 may 2017 (the agreement on the cessation of liabilities on bonds by novation) and adopted the conditions of the said supplementary agreement by adopting the draft supplementary agreement provided in preparation for holding the General meeting of bondholders.

Bondholders have given the consent to the conclusion of a representative of the bond holders on behalf of the bondholders agreement of novation (termination of obligations under the bonds innovation). And approved the terms of that agreement by adopting the draft agreement on novation, No. 03, provided in preparation for holding the General meeting of bondholders.

The issue in the nominal amount of 8.5 billion rubles was posted in 2015, in the amount of 5,002 billion rubles at face value. The maturity date of the bonds, according to issue conditions, on 27 February 2018.

As previously reported, “FESCO” in January 2017 signed agreement of novation in the restructuring of exchange-traded bonds of series BO-01. In accordance with the signed agreement the payment of the third coupon on the bonds was moved from October 27, 2016 April 27, 2017. In may 2017 in the next restructuring of the payment of the coupon yield for the third and fourth coupon periods of the bonds was postponed to 27 Oct 2017.



The owners of the bonds, “VTB Bank” series BO-01 agreed to another restructuring of the loan 30.10.2017

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