Brief: Avangardco: UkrLandFarming delays interest payment on $500 mln notes due 2018

Avangardco Investments Public

21/03/2017 09:34

March 21 (Reuters) - Avangardco Investments Public Ltd 
 AVGRq.L : 
    * UkrLandFarming PLC (ULF) and Avangardco(AVG) are in 
discussions with an ad hoc committee of bondholders in respect 
of ULF's $500 million notes and AVG's $200 million notes due 
2018 
    * Says it is possible that proposal will include request to 
restructure interest payment due under ULF notes on March 27 
    * Says consequently, March 2017 interest payment will not be 
paid on March 27 and ULF will instead make use of 30 business 
day grace period 
 
Source text for Eikon:  ID:nRSU0598Aa  
Further company coverage:  AVGRq.L  
 
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