The restructuring must be completed by August 27. Ukraine will pay additional funds to creditors who agree to the terms by August 23.
The process of restructuring Ukraine’s external debt into Eurobonds has begun. The Ministry of Finance announced the conditions for exchanging old bonds for securities of a new issue. This was stated in a message from the Ministry of Finance published on the London Stock Exchange.
Owners of sovereign bonds of the government of Ukraine received the right to participate in the exchange to receive new securities.
Ukraine invites holders of each series of sovereign bonds and existing Ukravtodor guaranteed bonds to exchange existing bonds for new securities.
The restructuring is expected to be completed by August 27. Ukraine will pay additional funds to creditors who agree to the terms by August 23.
On August 10, the grace period for one of the government’s Eurobond issues will expire, which means that failure to pay them will mean the start of default.
It was previously reported that the government reached agreements with Ukraine’s Committee of Eurobond Owners on the restructuring of external debt payments.
Source: korrespondent
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