Media: Ukrainian authorities close to agreement on debt restructuring

MOSCOW, Aug 24 - RIA Novosti/Prime. The government of Ukraine came closer to an agreement with its creditors on debt restructuring, writes the print edition citing familiar with the matter sources.

dialogues of the authorities of Ukraine and its creditors go with March of the current year. Both sides now are unable to come to a common opinion about the cancellation of 20% of the debt on the bonds. However, sources say a decision on the deal has the ability to be approved this week.

in July there are unofficial message about the fact that the investment Firm Franklin Templeton, together with three other bondholders of Ukraine made a proposal to the country to write off 5% of the debt. Creditors for the first time considered the possibility of withdrawal of funds, indicating that in June the country had invited the organizations to write off 40% of the debt. The first period of redemption of Eurobonds of Ukraine will come on September 23 of the current year.

in the last month of summer the Committee of international lenders led by Franklin Templeton investment Fund said that the Ukrainian Government is obliged to repay the Price of the bonds in full and considered a write-off is unacceptable.

According to the Memorandum of understanding between the Ukrainian government and the IMF, the debt of Ukraine for restructuring is 22, 7 billion, including debts to Ukrainian enterprises. Of these, 19, $ 3 billion state guarantees and redeemed by the creditors of Ukrainian Eurobonds. Largest holders of the latter (8, 9 billion) is the Committee of creditors led by venture Fund Franklin Templeton.


sections: Politics