MINISTRY OF FINANCE OF UKRAINE, the Governmental Portal reports.
On April 27, as proposed by the Ministry of Finance the Government endorsed the decision to issue and place additional sovereign bonds and state derivatives of Ukraine 2015. The additional issue of these sovereign bonds will allow to complete technical issues of restructuring of external debt of Ukraine, which was conducted in November 2015.
The Ministry of Finance actively works on recovery of the system of public funds and reduction of debt load on the state budget. For this purpose, last year, the Ministry of Finance successfully conducted restructuring of 13 out of 14 series of sovereign bonds and state-guaranteed Euro bonds, included in restructuring of state and state-guaranteed debt.
The additional issue of new bonds and state derivatives for old bond holders for the total amount of about USD 430.6 mln is required to be made for the final completion of restructuring of state and state-guaranteed debt of Ukraine.
The decision of government, proposed by the Ministry of Finance, stipulates the conditions for additional issue and placement of sovereign bonds of Ukraine 2015 and conditions for issue and placement of state derivatives. Therefore, the only unsettled state debt is the so-called “Russian debt”, amounting to USD 3 billion.
