Ukrainian Prime Minister Volodymyr Groysman has confirmed the government's plans to approve the reprofiling (restructuring with expansion of maturity term) for government domestic loan bonds belonged to the National Bank of Ukraine (NBU).

"As for the funds [for road repair], we would have the reprofiling at the NBU, as it is outlined in the law on the national budget for 2017. Thus, during the year we would have UAH 30 billion: we have UAH 15 billion now and UAH 15 billion from the reprofiling," he said at a government meeting on Wednesday.

According to the NBU's assessments, the restructuring of its government domestic loan portfolio could be reduce expenses of the Finance Ministry on this debt by UAH 33 billion in 2017, from UAH 47 billion to around UAH 14 billion.

As of late January 2017, the NBU continued negotiations with the Finance Ministry and had not approved all conditions for restructuring the securities. It is planned that the securities would be converted into long-term hryvnia-pegged bonds. Their yield would be linked to inflation. The term of 30 years was discussed at that moment. However, this reprofiling would result in the reduction of NBU's payments to the 2018 national budget, as it would cut its profit for 2017.