UNIAN
By the end of the year Ukraine may have to pay up to $5.2 billion on its Eurobonds and municipal bonds if it fails to reach a deal with creditors, according to data on expected sources of savings for the balance of payments of Ukraine in 2015 published on the Web site of Ukreximbank.
According to these data, the list of debts to be paid in 2015 that are the subject of restructuring talks between Ukraine and the creditors includes debt securities worth a total of $5.2 billion, including government bond issues worth $500 million, $644.220 million and $3 billion (the latter acquired by the Russian Federation) maturing in September, October and December of this year, respectively.
Also included in the list were the municipal bonds issued by the capital city Kyiv, worth $250 million and maturing in November, bonds issued by Ukreximbank worth $750 million maturing in April, and loans from other government agencies worth a total of $225.5 million maturing by the end of this year.
It is emphasized in the statement that the restructuring of a $750-million Eurobonds debt issue by Ukreximbank is crucial in the process of negotiations.
It has also been reported that the restructuring talks concerns the principal amount of the debt, and $31.4m coupon payment will be paid to bondholders by Ukreximbank on April 27.
Kyiv hopes to come to a consensus with creditors by the summer, before the expected arrival of an IMF review mission.