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Investor relations > Events > Recent Events > FUIB obtains lenders’ consent to make certain amendments to the loan agreement

FUIB obtains lenders’ consent to make certain amendments to the loan agreement

9 November 2010, Tuesday

"PUBLIC JOINT STOCK COMPANY“ FIRST UKRAINIAN INTERNATIONAL BANK” (“FUIB”) has obtained lenders’ consent under the syndicated loan facility with face value of U.S.$237 million to make certain amendments to the respective loan agreement. In particular lenders have given 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 U.S.$50 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.