This morning, the Ministry sent a revised proposal on the sovereign and sovereign guaranteed debt to the ad hoc creditor committee. Given the legal considerations around timely implementation of the proposal, this week will be decisive for the negotiations.

Ministry of Finance welcomes the successful reprofiling of Oschadbank's Eurobonds, sends a revised proposal on sovereign debt and calls for an agreement during the forthcoming decisive week
04.08.2015 | 12:10 |	printer friendly

The Ministry of Finance of Ukraine welcomes the successful reprofiling of Oschadbank's 2016 and 2018  US$1.2bn Eurobonds, fully in compliance with the targets of the IMF-supported program. The Ministry calls for the remaining international creditors of Oschadbank to settle rapidly on similar terms. This morning, the Ministry sent a revised proposal on the sovereign and sovereign guaranteed debt to the ad hoc creditor committee. Given the legal considerations around timely implementation of the proposal, this week will be decisive for the negotiations.