Today, on July 7, the State Export-Import Bank (Ukreximbank) signed an agreement with creditors to extend the maturity of eurobonds for 7 years, a source at the bank says, RBK-Ukraine (РБК-Україна) reports.
At the beginning of June, Ukreximbank proposed to creditors to approve the 7-year extension of eurobonds maturing in 2018.
Before that, in May, Ukreximbank successfully completed negotiations with the creditors’ committee on redemption of three-series eurobonds totalling around 1.5 billion dollars.
The Ministry of Finance added that the agreement reached will help save 1.5 billion dollars in the balance of payments during the period from 2015 to 2018.
"The outcome of the negotiations fully complies with the objectives of the memorandum of cooperation between Ukraine and the IMF", the Ministry of Finance informs.
