The completion of restructuring of external debt of Ukraine, including the issue of new bonds of external state loan of Ukraine for lenders, who are entitled to it, is expected for 12 November 2015. The restructuring terms were approved for 13 series of active state and state-guaranteed euro bonds at the lenders’ meeting on 14 October 2015.
The restructuring terms were not approved only for the series of bonds of external state loan in the amount of USD 3 billion, the maturity date of which is in December 2015. Consequently, the owners of these bonds cannot receive the new debt securities of Ukraine.
The completion of bond swapping procedure means the restructuring of external debt of Ukraine in the amount of USD 15 billion and reduction of debt amount by 20% (USD 3 billion). This will allow Ukraine to evade repayment of exposure in the amount of USD 8.5 billion, the maturity date of which falls on within next four years.
