Eurobonds

Ukraine’s Finance Ministry announced on Aug. 9 the terms of the exchange of old bonds for newly issued securities, launching the process of restructuring Ukraine’s external debt on Eurobonds. Kyiv reached an agreement in principle with some of its creditors in late July to restructure the country’s external debt, which amounts to around $23 billion. … Read more

The Government of Ukraine has approved the fundamental agreements of Ukraine with a special committee of owners of its eurobonds in the amount of about $23 billion, which provide for a write-off of 37% of the debt with the possibility of restoring 12% if a certain level of GDP is reached in 2028. Corresponding resolution … Read more

Ukraine will fulfill the terms of restructuring the 2022 GDP warrants and make payments to their holders, according to the Cabinet of Ministers’ resolution No 712 dated July 31, which has been published on the government portal. “The Ministry of Finance will carry out expenditures on state derivative payments […] within the budgetary assignments under … Read more

The Cabinet of Ministers of Ukraine, if necessary, can temporarily suspend payments on external public debt until October 1, 2024; the corresponding law No. 3880-IX was signed by Ukrainian President Volodymyr Zelenskyy. As reported on the website of the Verkhovna Rada, the law adopted on July 18 (passed by parliament under No. 11396) was sent … Read more

Ukraine has reached an agreement in principle with the committee of owners of Eurobonds of Ukraine regarding debt restructuring. Ukraine struck a deal with its creditors at the onset of the Russian full-scale invasion to postpone the payments due to the war’s pressure on the country’s economy. The deal to freeze payments of around $23 … Read more

A group of Ukrainian bondholders have signed nondisclosure agreements to begin a second round of formal talks with the Ukrainian government to restructure more than $20 billion in debt, reported Bloomberg with reference to its sources. Negotiations began this week on the eve of the end of the moratorium on Ukrainian debt payments on August … Read more

Ukraine’s consultations with Eurobond holders on restructuring will soon take place outside the Steering Committee of the Ad Hoc Bondholder Committee, representing around 20% of the outstanding amount of Ukraine’s eurobonds, the Ministry of Finance reported on Monday. “During the upcoming weeks the Government of Ukraine will hold consultations with bondholders outside of the Steering … Read more

Ukraine and the ad hoc creditors committee, representing around 20% of the outstanding amount of Ukraine’s eurobonds, held negotiations and exchanged proposals for eurobonds restructuring from June 3 to June 14, but were unable to reach an agreement, including due to the unacceptability of the terms proposed by commercial creditors for the IMF and the … Read more