Outstanding Debt

The table below provides an overview of the bank’s foreign currency debt instruments portfolio

Eurobond (LPN)

Notes:

In December 2009 FUIB concluded a consent solicitation in relation to its outstanding loan participation notes (as part of its thorough refinancing exercise) formerly known as USD150 million 9.75% LPN due 2010 and USD125,000,000 9.75% LPN due 2010. The purpose of the solicitation was to request noteholders approval for amendments to the terms and conditions of the notes, original loan agreement and first supplemental loan agreement, the original trust deed and first supplemental trust deed. According to the extraordinary resolution of the noteholders (i) the final maturity date was extended from 16 February 2010 to 31 December 2014, (ii) the rate of interest was changed from 9.75% to 11%, (iii) a partial repayment date on 16 February 2010 clause was added under the notes, (iv) the frequency of the payment of interest was changed from semi-annually to quarterly. On 16 February 2010 a redemption of a partial nominal amount of the notes took place in favour of noteholders who supported proposed terms and conditions. The total principal amount of the notes redeemed and cancelled amounted to USD17,576,000.

In November 2010 FUIB concluded a consent solicitation process to request noteholders approval for certain amendments to the terms and conditions, the loan agreement and the trust deed. In particular it was requested to provide consent to the anticipated corporate reorganisation of FUIB and PJSC Dongorbank by way of merger or accession and a waiver of FUIB’s obligation to procure an injection of additional USD50 million capital by the end of 2010 due to a high current level of FUIB’s capitalisation. On 8 November 2010 at a meeting of the noteholders an extraordinary resolution was duly passed. In exchange, noteholders who supported the resolution were entitled to obtain total partial nominal amount of USD4,936,000 for bonds duly redeemed on 15 November 2010.

Loans

Notes:

In February 2010 FUIB completed its long-running refinancing transaction comprising refinancing of its syndicated and bilateral facilities. As a result a joint pool of facilities was created in a total amount of USD237,000,000 with new terms (see table above). In addition to that a quarterly amortizing scheme was put in place as well as a step-up of margin.

In November 2010 FUIB obtained lenders’ consent under the syndicated loan facility with face value of USD237 million to make certain amendments to the respective loan agreement. In particular lenders provided consent to the anticipated corporate reorganisation of FUIB and PJSC Dongorbank by way of merger or accession and a waiver of FUIB’s obligation to procure an injection of additional USD50 million capital by the end of 2010 due to a high current level of FUIB’s capitalisation. Further amendments include the margin over the USD Libor increase to 3.25 per cent from 2.50 per cent and a change of the maturity date to September 30, 2012 from December 31, 2014 (the new maturity date subject to change following the reorganisation).

Total Outstanding FX Debt

Bonds

The table below provides an overview of the bank’s hryvnia debt instruments portfolio

Notes:

As the legal successor to all rights and obligations of Dongorbank FUIB assumed its obligations of the issuer of series C and D local currency bonds.