The agreement on debt restructuring of Ukraine concluded on 27 August between the country and the creditors, was signed on terms more favorable to creditors, analysts of investment banks and the experts interviewed Last news . However, Ukraine will receive a number of advantages, for example, will have the opportunity to perform on agreements with the IMF and to improve liquidity.
The Cabinet last week approved the provisional rules for the restructuring of the external public debt of Ukraine, which were made on the results of talks in Kiev with the creditors ' Committee. According to these agreements, Kiev will write off 20% of the nominal debt to 3, $ 6 billion from $ 18 billion in debt to a number of private lenders.
in addition, given the delay in payments until 2019. Interest on the new bonds will be paid twice a year, a coupon for all securities will be Usually 7, 75% against 7, 22% before. The Russian Ministry of Finance has already confirmed many times highlighted the position of the Russian Federation in this restructuring to participate no plans.
in response to concessions creditors Ukraine will issue fresh shares, linked to indicators of increasing GDP. According to the mechanism, the creditors will not receive any payments if Ukraine's economy will grow slower than the 3% per year. While GDP growth from 3% to 4% per year, creditors will receive 15% of the amount exceeding 3% of GDP. The tool will only take effect in 2021 and will be used for 20 years.
Ukraine will not make payments on the instrument, while its GDP will not be more than 125, 4 billion (such amount of Ukraine's economy, according to IMF forecasts, will reach to 2019).
"the rules of the contract