The Ministry of Finance announced further schedule of restructuring part of its public debt, according to which Kiev expects that the Results of the restructuring will be announced during October or early November.

"The results of restructuring on all series of debt securities, expected to be announced during October or early November, and before the end of November, the Restructuring must be completed ", - is reported in the schedule of the Ministry of Finance.

according to him, the deadline for the holders of bonds of external government loan of Ukraine (government bonds) to submit electronic voting instructions - October 13. Fees owners of bonds required to be held after 21 days since the announcement of the exchange offer. The announcement of the results regarding the presence of a quorum at these meetings, and the publication of the announcement of the re-holding fees are required to be held no later than October 14.

The completion of the debt restructuring process is expected to start on 1 December. The Cabinet of Ministers of Ukraine on Tuesday issued a decree to start the procedure of restructuring of public debt, or to suspend From September 23 payments for a number of the restructured obligations. Restructuring, for example, applies to the redeemed Russia Eurobonds for $ 3 billion, but Ostrovka payments of these securities does not apply.

the rules correspond to the restructuring agreement With the creditors ' Committee, representing somewhat more than half of the holders of the restructured bonds: deducted 20% of the nominal debt - 3, 6 billion of the 18 billion dollars and given a deferment on payments until 2019.

Interest on the new bonds will be paid twice a year, the coupon will be Usually 7, 75% against 7, 22% before. On the one hand the creditors agree to the debt cancellation, and return, except the new notes will receive shares tied to GDP growth, which will be a prize if the country's economy will grow rapidly. The Russian Ministry of Finance has stated many times that Russia does not want to participate in the restructuring of public debt of Ukraine and is waiting for the redemption of Eurobonds worth $ 3 billion, which is due in early winter.

sections: Politics