Brief: Avangardco Updates On Postponement Of Principal Redemption

Avangardco Investments Public

29/10/2018 18:09

Oct 29 (Reuters) - AvangardCo Investments Public Ltd
 AVGRq.L :
    * AVANGARDCO INV  - POSTPONEMENT OF PRINCIPAL REDEMPTION
    * AVANGARDCO INVESTMENTS PUBLIC - CO, UKRLANDFARMING,
CONTINUE IN
TALKS WITH CREDITOR GROUPS TO AGREE TERMS OF HOLISTIC
RESTRUCTURING OF INDEBTEDNESS
    * AVANGARDCO - WORKING WITH AN AD HOC COMMITTEE OF
BONDHOLDERS
REGARDING TREATMENT OF AVERAGE'S U.S. $200,000,000 10.0 PER
CENT. NOTES DUE 2018
    * AVANGARDCO - EXPECTS ANY PROPOSAL TO INCLUDE REQUEST TO
RESTRUCTURE ALL AMOUNTS OF PRINCIPAL, INTEREST DUE & PAYABLE
UNDER AVERAGE NOTES ON 29 OCT
    * AVANGARDCO INVESTMENTS PUBLIC LTD - AVERAGE NOTES WILL NOT
BE
REDEEMED ON, AND RELEVANT INTEREST PAYMENT WILL NOT BE PAID ON,
REDEMPTION DATE.

Source text for Eikon:  ID:nRSc5817Fa 
Further company coverage:  AVGRq.L 

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