The government of Ukraine approved the Provisional rules of sovereign debt restructuring, including its perimeter redeemed Russia Eurobonds for $ 3 billion. Proper disposal report released on Thursday on the Internet representation of the Cabinet of Ministers.
Preliminary rules are announced before Thursday the agreements of the government of Ukraine with the creditors ' Committee: charged 20% of the given nominal debt and deferred payments until 2019. The Russian Ministry of Finance has already confirmed many times sounded first position of the Russian Federation in this restructuring to participate no plans.
Ukraine will exchange each $ 1,000 of par value of existing bonds for $ 800 face value of new bonds without reducing accrued %." The accrued Interest before the scheduled release dates on the new bonds required to be capitalized in the form of new bonds. All the exchanged existing bonds, the bondholders will also receive the securities tied to the GDP, " - said in the document.
fresh bonds will be issued in nine series, presumably the same amount each." appropriate series of new bonds will include the rules for the repayment of the principal amount of a single payment at the maturity date and will be redeemed on the anniversary of the scheduled issue date, which will occur in 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026 and 2027, " the document says.
Interest on the new bonds will be paid twice a year, a coupon for all securities will be 7, 75% per annum.
According to the preliminary conditions, " the announcement of the exchange offers is expected to begin no later than fifteen September (or until September 23, unless otherwise will be agreed by the parties) ".