Ukraine state railway seeks debt restructure: finmin

12 November 2009 @ 07:52 am EDT

Ukraine's state railway company is seeking to restructure a foreign currency loan organised by Barclays (BARC.L) 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."

Copyright 2009 Thomson Reuters. All rights reserved.

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