The quorum for the decision was not gathered in two of the three issues.
agreed to a two-year deferral of interest payments and repayments on any of its three Eurobond issues, the company said in a statement to the Irish Stock Exchange.
According to the statement, the required quorum of more than two-thirds was achieved only in the collection of Eurobonds for $335 million due in July 2022. However, only approximately 22% of votes were cast in favor of the postponement, short of the required minimum of 75%.
The two other issues – with a maturity of EUR600 million in 2024 and a maturity of $500 million in 2026 – did not have a quorum, therefore, repeated meetings will be convened.
About 49% of the bondholders registered for the 2024 Eurobond meeting and about 74% of the votes cast were in favor of the NAC proposal.
Read also: Postponement of payments on the national debt: the Cabinet of Ministers calculated how much the economy and the army will receive in addition
As for the 2026 Eurobonds, the interest payment and repayment of which fall in November, about 54% registered for the meeting, and about 43 were submitted for postponement % of votes.
Repeated meetings regarding Eurobonds-2024 and Eurobonds-2026 are scheduled for August 31 at 11:00 a.m. and 11:15 a.m. London time, respectively.
As you know, a week ago Ukraine received a postponement of payments under GDP warrants.
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