Ukraine Railway to Restructure Loan

3 May 2010 (Last Updated May 3rd, 2010 18:30)

Ukraine's state railway will restructure a $550m loan, acquired through Barclays in July 2007, to $440m. Ukrzaliznytsya state railway director Mykhailo Kostyuk said the railway hopes a new credit agreement will be signed by 20 May. An initial payment of $110m was made by the

Ukraine's state railway will restructure a $550m loan, acquired through Barclays in July 2007, to $440m.

Ukrzaliznytsya state railway director Mykhailo Kostyuk said the railway hopes a new credit agreement will be signed by 20 May.

An initial payment of $110m was made by the railway in August 2009, according to Reuters.

The syndicated loan of $550m matured in November 2009.