The Cabinet of Ministers of Ukraine has approved the re-profiling of domestic government loan bonds in the National Bank's portfolio for a total amount of UAH 219.6 billion, providing for their exchange for two types of bonds: long-term bonds for UAH 74.4 billion and long-term inflation ones for UAH 117.5 billion.
The National Bank of Ukraine (NBU) and the Ukrainian Finance Ministry have failed to agree on the reprofiling of domestic government loan bonds to allocate UAH 15 billion, or US$583 million, for road construction, according to Ukrainian Prime Minister Volodymyr Groysman.
Ukrainian businessman Ihor Kolomoisky, one of the former owners of Ukraine's largest PrivatBank, says the former shareholders of the bank are participating in talks on the restructuring of their loans, according to the TV news service TSN.ua.
Ukraine's Cabinet of Ministers has approved the issue of domestic government loan bonds worth UAH 229 billion, or US$8.7 billion, with redemption in 2025-2047 to exchange them for previously issued bonds with a maturity in 2017-2030 and a nominal value of UAH 221.6 billion ($8.4 billion), with unpaid coupon income of UAH 7 billion ($319.8 million), according to the resolution adopted at a government meeting on Wednesday, May 24.
The EBRD has announced it is joining forces with local authorities to help implement a new financial restructuring procedure in the Ukrainian banking system in order to reduce the amount of non-performing loans (NPLs) and in the context of wider efforts aimed at support for the country's financial sector, according to an official statement.