REUTERS
Ukraine will hold Investor Presentations on its debt operation on October 5, 2015 in London (actual meeting plus webcast) and October 6, 2015 in New York (actual meeting plus webcast), the Ministry of Finance of Ukraine reported on its website.
Minister of Finance of Ukraine Natalie Jaresko will be holding three investor presentations via:
1. Webcast only on Friday, October 2, 2015 in Kyiv. It will take place at 10:00 am Kyiv time (8:00 am London time /3:00 pm Hong Kong time);
2. Actual meeting plus webcast on Monday, October 5, 2015 in London. It will take place at 3:00 pm London time (10:00 am New York time) at the offices of White & Case (5 Old Broad St, London EC2N 1DW); and
3. Actual meeting plus webcast on Tuesday, October 6, 2015 in New York. It will take place at 2:30 pm New York time (7:30 pm London time) at the offices of White & Case (1155 Avenue of the Americas, New York, NY 10036).
The maximum number of physical attendees to the London and New York meetings will be limited up to approximately 100 participants for each meeting, as reported.
The purpose of these investor presentations is to present the main features of the debt operation Ukraine has submitted to the vote by its sovereign and sovereign-guaranteed bondholders. These presentations will also include information on the ongoing voting process and the actual implementation of the debt operation, the report notes.
Read alsoIMF urges all creditors to support Ukraine's restructuring dealAs UNIAN reported earlier, on August 27, the Ukrainian government reached an agreement with the creditors' committee on restructuring part of the public debt totaling $18 billion.
The Ukrainian government on September 23 launched the restructuring process of Ukraine's public and government-guaranteed debt and its write-off. The restructuring deal is planned to be completed by December 1, 2015. To complete the debt restructuring process, the Ukrainian government announced a halt to debt servicing payments. Moreover, the temporary suspension of payments is said to be a technical one, affecting 9 out of 14 series of government domestic loan bonds and government-backed eurobonds of state enterprise Fininpro included in the restructuring deal, as well as eurobonds maturing in September and October 2015.
According to the memorandum released by the government on the terms of exchange of public and publicly guaranteed Eurobonds, a meeting of creditors is expected to be held on October 14 to complete voting in favor of the Ukraine's proposals.