REUTERS CEO of Ukrainian national railways company PJSC Ukrzaliznytsia Yevhen Kravtsov says the company has timely repaid US$150 million for the second part of its loan participation notes (LPN) issued in 2013. "Ukrzaliznytsia has timely paid US$150 million on the LPNs. This is the second relevant payment this year. We pay on schedule," he wrote on Facebook on September 16. Read alsoUkrzaliznytsia places LPNs worth almost US$100 mln According to Kravtsov, 60% of the principal amount (US$300 million) on the notes issued in 2013 has already been repaid since January 2019. "The remaining sum (another US$200 million) is due to be paid in the next two years," Kravtsov said. As UNIAN reported earlier, in May 2013, Ukrzaliznytsia for the first time placed five-year notes worth US$500 million on the Irish Stock Exchange with a coupon of 9.5% per annum. The main investors that purchased Ukrzaliznytsia&#39;s notes were investment funds (68%), banks (25%) and hedge funds (6%). The securities were falling due on May 21, 2018. On May 12, 2015, Ukrzaliznytsia informed its creditors about a technical default, noting that it planned to restructure UAH 32 billion (US$1.3 billion) in debts to private creditors, while the debt totaled UAH 37.5 billion (US$1.5 billion), including about UAH 22 billion (US$888.2 million) in internal debts to private creditors. In December 2015, Ukrzaliznytsia agreed with the creditors&#39; committee on restructuring LPNs worth US$500 million. In particular, the coupon rate was increased from 9.5% to 9.875% (effective from November 21, 2015) and the maturity period was extended from May 21, 2018, to September 15, 2021.