The negotiations between Ukreximbank and its ad hoc creditors' committee for the reprofiling of its three Eurobonds maturing in 2015, 2016,
and 2018, totaling approximately US$1.5 billion have been successfully
will result in total savings to Ukraine’s balance of payments of up to US$1.5
billion for the 2015-2018 period.
of the negotiations are fully in line with the objectives of the IMF supported
program and demonstrate Ukraine's commitment to finding collaborative and good
faith acceptable outcomes in the framework of its current debt
restructuring negotiations both for Ukraine and its creditors.
The Ministry of
Finance of Ukraine looks
forward to continuing negotiations with the debtholders of other instruments included in the perimeter
of Ukraine's debt operation. In particular, to meet the three IMF-agreed
targets, the sovereign debt restructuring will also need to reduce debt
levels and debt service.