Ukreximbank assures no haircut on its 2015 Eurobond and full payment of its coupon

Ukreximbank assures no haircut on its 2015 Eurobond and full payment of its coupon



20 квітня 2015 года
ICU

In regard to the current status of the debt restructuring for Ukraine's bondholders, Ukrainian Minister of Finance Mrs. N. Yaresko and Ukreximbank's Chairman Mr. O. Hrytsenko have confirmed that there will be no haircut, the coupon will be set at the current level, and the US$31.4m coupon payment will be paid to bondholders if the resolution for the three month extension passes on April 27. The quorum to adjourn the meeting was lowered from 2/3 to 1/3 with a required 75% of those present at the meeting to vote in favor for the resolution to pass. Should this occur, Ukreximbank will try to negotiate a 10-year extension that will enable Ukraine to meet the IMF program's first target of its balance of payments objective.

Источник: ICU

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