UPDATE 1-Ukraine's Ukreximbank, Oschadbank will not seek coupon, principal cut

April 16, 2015 7:53 AM

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KIEV, April 16 (Reuters) - Neither state-owned Ukreximbank nor Oschadbank will seek a principal or coupon reduction in debt restructuring talks with bondholders, Ukraine's Finance Ministry said in a statement on Thursday.

The banks' bonds are to be restructured under an International Monetary Fund-backed overhaul of sovereign and state-guaranteed debt to plug a $15 billion funding gap.

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