Economy 2021-09-15T06:53:06+03:00
Ukrainian news
Bogdan Motors Restructures UAH-1.3-Billion Debt To Ukreximbank For 13 Years

Bogdan Motors Restructures UAH-1.3-Billion Debt To Ukreximbank For 13 Years

debt, Ukreximbank, Bogdan Motors, Bogdan Corporation

The Kyiv-based Bogdan Motors automobile company, which is part of the Bogdan corporation, has restructured its debt of UAH 1.3 billion to the Ukrainian Export-Import Bank (Ukreximbank) until December 25, 2031.

This is said in the ruling of the Kyiv Economic Court of September 6, Ukrainian News Agency reports.

In July 2009, Bogdan Motors (Petro Porosohenko was the owner of the company at that moment) raised a loan of UAH 799.7 million from Ukreximbank at 17.5% per annum.

By additional agreements the price of the loan was decreased to 9% per annum.

The company could not redeem the loan and the financial institution sued the company in 2014.

According to court documents, the price of the restructured loan in 2018 is 0.46% per annuam, 0.96% in 2019, 1.46% in 2020, 2.46% in 2021, 5.46% in 2022, 12.46% in 2023, and 15.46% in 2024.

As Ukrainian News Agency earlier reported, according to media reports, the Bogdan Corporation is controlled by Oleh Hladkovskyi, deputy secretary of the National Security and Defense Council of Ukraine.

He received the Bogdan Corporation under his control in 2009 from Petro Poroshenko in exchange for shares of the Roshen Company.

Information on the ultimate beneficiary of Bogdan Motors is not available in the state register of legal entities and entrepreneurs.

Oleksandr Hrytsenko has been the board chairman at Ukreximbank since August 2014.

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