UPDATE 1-Ukraine's export-import bank pushes to postpone bond repayment

April 15, 2015 2:51 PM

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KIEV, April 15 (Reuters) - Ukraine's export-import bank Ukreximbank said on Wednesday it would not seek a coupon or principal reduction in debt talks if a vote to postpone repayment of a five-year $750-million Eurobond passes on April 27.

The state-owned bank, whose bonds are to be restructured under a government debt operation to plug a $15 billion funding gap, said it would in all likelihood default if bondholders vote against the proposal to extend the maturity on the bond by three months.

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